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New Interactive Financial Statements at SEC

Wed, Dec 17, 2008

General Information

(This post first appeared on The Div-Net)

For those that do not know, I’m no accountant and I’ve never taken a finance or accounting course in my life. Like many people, I felt overwhelmed and lost once I opened the financial statements. Google, Yahoo and Morningstar were my go to guys to get the information. Thankfully, I’ve overcome this and now immediately go to Edgar to find the information I require. This process has saved me from losing more than what I have already lost.

As the internet continues to evolve, so do the applications and services. This includes the SEC. Reading the financial statements from Edgar is a severe pain but companies can now voluntary submit filings in XBRL format.

Check out the interactive format here. Currently, only the blue chips have been submitting, but as time goes by, I hope the SEC will make it compulsory for every company.

Here is a screenshot of 3M’s statements. For new readers, you can first read about my analysis of AeroGrow’s Statement of Cash Flows here.

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This post was written by:

Jae Jun - who has written 344 posts on Old School Value.

Value investor following the Old School Graham, Buffett and Fisher school of investing. Follow me on Twitter to receive real time thoughts and updates not available here.

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3 Comments For This Post

  1. Ethan Bloch Says:

    EDGAR is definitely a pain. This is a massive upgrade and I can’t wait until more companies start filing compatible reports.

    Thanks for sharing.

    Cheers.

    Ethan

    Ethan Bloch’s last blog post..Dollar Cost Averaging – Episode #27

  2. Jae Jun Says:

    I really dislike having to print out several reports and then have them side by side to compare the numbers as well.

    Really hoping this becomes mandatory.

  3. STOCKMANMARC Says:

    I do the same thing Jae

    I often go to edgar but did not realize they offered this

    thanks

    STOCKMANMARC’s last blog post..Update! Buffett Again AddsTo Burlington Northern Santa Fe Railway

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