synthesizing-financial-statements
Installation
SKILL.md
Synthesizing Financial Statements
When To Use
- Comparing financial performance across two or more fiscal periods from 10-K or 10-Q filings
- Building a consolidated view of revenue, expenses, margins, and cash flow from SEC filings
- Preparing YoY or QoQ trend analysis for investment memos, audit workpapers, or board presentations
- Extracting key metrics from financial statements when the source data spans multiple documents or exhibits
- Identifying material changes, restatements, or reclassifications between reporting periods
Inputs To Gather
- SEC filings: 10-K (annual) and/or 10-Q (quarterly) for each period under comparison — confirm the filing date and amendment status (e.g., 10-K/A)
- Specific statements needed: Income statement, balance sheet, cash flow statement, and statement of stockholders' equity
- Period scope: Define the comparison window (e.g., FY2023 vs. FY2024, or Q3 2024 vs. Q3 2025)
- Segment or entity scope: Whether analysis covers consolidated results only or includes segment-level breakdowns (check Item 7 / MD&A for segment reporting)
- Accounting standards: Confirm GAAP vs. IFRS basis; note any changes in accounting policies disclosed in the footnotes (ASC 606 adoption, lease standard changes, etc.)
- Non-GAAP metrics: Identify whether the user needs adjusted EBITDA, free cash flow, or other non-GAAP measures reported in earnings releases or MD&A