Year-to-date, not this quarter — reading the cash-flow cadence

mentor: A company files one annual reportDefinitionForm 10-KThe audited annual report a US public company files with the SEC — the most complete single document about a business: audited financial statements, management's discussion, risk factors, and the auditor's own opinion. It is the primary source nearly every figure on Echelon grounds to.One 10-K = audited statements + MD&A + risk factors + auditor's reportDrivers: Assurance · Cadence · Restated comparativesFull definition → (Form 10-K) and three quarterly ones (Form 10-QDefinitionForm 10-QThe quarterly report — condensed financial statements and an updated management discussion, filed for each of the first three fiscal quarters. It is reviewed by the auditor but not audited, and the fourth quarter never gets one: Q4 lives only inside the annual report's full-year figures.Fiscal year = 3 × 10-Q + one 10-K (the fourth quarter reports only inside the annual)Drivers: Cadence · AssuranceFull definition →) a year — the fourth quarter is folded into the 10-K, so there's no standalone Q4 10-Q. That cadence hides a trap in the cash-flow statement.

In a 10-QDefinitionForm 10-QThe quarterly report — condensed financial statements and an updated management discussion, filed for each of the first three fiscal quarters. It is reviewed by the auditor but not audited, and the fourth quarter never gets one: Q4 lives only inside the annual report's full-year figures.Fiscal year = 3 × 10-Q + one 10-K (the fourth quarter reports only inside the annual)Drivers: Cadence · AssuranceFull definition →, the cash-flow statement is reported for the fiscal YEARDefinitionFiscal yearThe company's own 12-month reporting window — which need not match the calendar. Two filers can both report 'fiscal 2026' over windows months apart, so a shared FY label is not a shared period: honest comparison aligns filers by period-end date, never by the label.Fiscal year = the filer's chosen 12-month window (some retail calendars run 52/53 weeks)Drivers: Year-end choice · Label conventionFull definition →-TO-DATE — cumulative across every quarter so far — not for the single quarter. Below are Coca-Cola's filed operating cash flows, via SEC EDGAR: the full-year 10-KDefinitionForm 10-KThe audited annual report a US public company files with the SEC — the most complete single document about a business: audited financial statements, management's discussion, risk factors, and the auditor's own opinion. It is the primary source nearly every figure on Echelon grounds to.One 10-K = audited statements + MD&A + risk factors + auditor's reportDrivers: Assurance · Cadence · Restated comparativesFull definition → figure and the year-to-date 10-Q figure. Decide which statements the cadence actually supports.

A 10-QDefinitionForm 10-QThe quarterly report — condensed financial statements and an updated management discussion, filed for each of the first three fiscal quarters. It is reviewed by the auditor but not audited, and the fourth quarter never gets one: Q4 lives only inside the annual report's full-year figures.Fiscal year = 3 × 10-Q + one 10-K (the fourth quarter reports only inside the annual)Drivers: Cadence · AssuranceFull definition →'s cash-flow figure is year-to-date (Q1 = 3 months, Q2 = 6, Q3 = 9), not one quarter. To isolate a single quarter, subtract the prior 10-Q's year-to-date figure — and never read the year-to-date total against the 10-KDefinitionForm 10-KThe audited annual report a US public company files with the SEC — the most complete single document about a business: audited financial statements, management's discussion, risk factors, and the auditor's own opinion. It is the primary source nearly every figure on Echelon grounds to.One 10-K = audited statements + MD&A + risk factors + auditor's reportDrivers: Assurance · Cadence · Restated comparativesFull definition →'s full year as the same period.