q12018erfinalimage2.jpg

NEWS RELEASE
                    
Teradata Reports 2018 First Quarter Results

Better than expected first quarter revenue of $506 million
Bookings mix shift to subscription moving faster than expected
Recurring revenue increased 11 percent from the first quarter of 2017
Repurchased 2.1 million shares during the first quarter for approximately $76 million

SAN DIEGO May 3, 2018 -- Teradata Corp. (NYSE: TDC) reported revenue of $506 million for the quarter ended March 31, 2018, compared to $491 million reported in the first quarter of 2017. Recurring revenue of $302 million was up 11 percent from the first quarter of 2017. Subscription booking mix was 62 percent in the quarter, significantly higher than the 40 percent - 50 percent anticipated. Teradata’s first quarter year-over-year revenue comparison benefited from approximately 4 percentage points of foreign currency translation(1).

Teradata reported a net loss under U.S. Generally Accepted Accounting Principles (GAAP) of $(7) million in the first quarter, or $(0.06) per share, which compared to a net loss of $(2) million, or $(0.02) per share, in the first quarter of 2017. Non-GAAP net income in the first quarter of 2018, which excludes stock-based compensation expense and special items, was $23 million, or $0.19 per diluted share, as compared to $37 million, or $0.28 per diluted share in the first quarter of 2017.(2) Non-GAAP earnings per share exceeded expectation and guidance for the quarter.

“I am pleased with Teradata’s strong momentum as we continue to execute our growth strategy. We exceeded our plan for revenue and earnings per share, and importantly, we attained these results while achieving a better rate of adoption of subscription licenses. Our increasing sales funnel and the accelerating shift to subscription are clear demonstrations of the value of Teradata to our customers,” said Vic Lund, President and Chief Executive Officer, Teradata. “The Teradata team has performed an amazing accomplishment in driving Teradata’s transformation, and I remain confident in our ability to continue to deliver our winning strategy in 2018.”
Gross Margin
For the first quarter of 2018, GAAP gross margin was 44.1 percent versus 45.8 percent for the first quarter of 2017. On a non-GAAP basis, excluding stock-based compensation expense and special items, gross margin for first quarter 2018 was 48.4 percent, versus 51.1 percent in the prior-year period.(2)  

Operating (Loss)/Income





Operating loss reported under GAAP in the first quarter of 2018 was $(4) million compared to breakeven in the first quarter of 2017. On a non-GAAP basis, excluding stock-based compensation expense and special items, operating income was $35 million in the first quarter of 2018, versus $59 million in the first quarter of 2017(2). As expected, non-GAAP operating income was lower due to the shift to subscription and strategic transformation investments as compared to the prior year.
 
Income Taxes
Teradata’s GAAP tax rate was 12.5 percent for the first quarter of 2018, as compared to 0 percent in the first quarter of 2017. Excluding special items, Teradata’s non-GAAP tax rate was 25.8 percent in the first quarter of 2018 versus 35.1 percent in the first quarter of 2017.(2) The decrease in the non-GAAP effective tax rate was largely due to the decrease in the U.S. statutory rate effective in 2018 as a result of recently enacted U.S. tax reform.

Cash Flow
Teradata generated $184 million of cash from operating activities in the first quarter of 2018, compared to $248 million in the same period in 2017. In the first quarter of 2018, Teradata generated $156 million of free cash flow (cash from operating activities less capital expenditures and additions to capitalized software), compared to $230 million in the first quarter of 2017.(3) The expected decrease in cash from operating activities and free cash flow was due to the company’s ongoing transition to subscription-based purchasing options, which result in the company collecting less cash in the current period as customers pay over time, the higher expense run rate from prior-year strategic transformation investments, and timing of cash collections.

Balance Sheet
Teradata ended the first quarter of 2018 with $939 million in cash. As of the end of the first quarter of 2018, the company repatriated cash to pay off its revolving credit facility and fund share repurchases. Teradata plans to repatriate the majority of its remaining offshore cash across the balance of 2018 to fund share repurchases and to retain the remainder for general corporate purposes.

As of March 31, 2018, Teradata had total debt of $525 million, all of which was outstanding under a term loan. Teradata had no borrowings under its $400 million revolving credit facility as of March 31, 2018.

During the first quarter of 2018, Teradata repurchased $76 million of the company’s common stock, or approximately 2.1 million shares.

Guidance
Due to higher than expected bookings mix shift to subscription-based transactions, where revenue is recognized over time rather than up front in the current period, Teradata now expects 2018 full year revenue to be approximately $2.15 billion to $2.18 billion. Also, due to the accelerating shift in mix to





subscription, Teradata expects revenue in the second quarter of 2018 to be in the $520 million to $530 million range.

Teradata also now expects full-year 2018 GAAP earnings per share to be $0.58 to $0.64 as a result of the faster than anticipated shift of bookings mix to subscription-based transactions. On a non-GAAP basis, which excludes stock-based compensation expense and special items, earnings per share is expected to be in the $1.40 to $1.46 range(2). GAAP (loss)/earnings per share in the second quarter of 2018 is expected to be in the $(0.02) to $0.00 range. Non-GAAP earnings per share in the second quarter is expected to be in the $0.17 to $0.19 range(2).
  
Earnings Conference Call
A conference call is scheduled today at 2:00 p.m. (PT) to discuss the company’s first quarter 2018 results. Access to the conference call, as well as a replay of the call, is available on Teradata’s website at investor.teradata.com.

Supplemental Financial Information
Additional information regarding Teradata’s operating results is provided below as well as on the Investor Relations page of Teradata’s website.
1.
The impact of currency is determined by calculating the prior-period results using the current-year monthly average currency rates. See the foreign currency fluctuation schedule on the Investor Relations page of the company’s web site at investor.teradata.com, which is used to determine revenue on a constant currency (“CC”) basis.
Revenue
 
 
(in millions)
 
 
 
For the Three Months Ended March 31
 
 
2018
 
2017
 
% Change as Reported
 
% Change in Constant Currency
 
Recurring

$302

 

$273

 
11%
 
7%
 
Perpetual software licenses and hardware
69

 
90

 
(23)%
 
(27)%
 
Consulting services
135

 
128

 
5%
 
0%
 
Total revenue

$506

 

$491

 
3%
 
(1)%
 
 
 
 
 
 
 
 
 
 
Americas

$264

 

$267

 
(1)%
 
(1)%
 
International
242

 
224

 
8%
 
(1)%
 
Total revenue

$506

 

$491

 
3%
 
(1)%
 


2.
Teradata reports its results in accordance with GAAP. However, as described below, the company believes that certain non-GAAP measures such as non-GAAP gross profit, non-GAAP operating income, non-GAAP net income, and non-GAAP earnings per diluted share, or EPS, all of which exclude certain items (as well as free cash flow) are useful for investors. Our non-GAAP measures are not meant to be considered in isolation or as substitutes for, or





superior to, results determined in accordance with GAAP, and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP.
 
The following tables reconcile Teradata’s actual and projected results and EPS under GAAP to the company’s actual and projected non-GAAP results and EPS for the periods presented, which exclude certain specified items. Our management internally uses supplemental non-GAAP financial measures, such as gross profit, operating income, net income and EPS, excluding certain items, to understand, manage and evaluate our business and support operating decisions on a regular basis. The company believes such non-GAAP financial measures (1) provide useful information to investors regarding the underlying business trends and performance of the company’s ongoing operations, (2) are useful for period-over-period comparisons of such operations and results, that may be more easily compared to peer companies and allow investors a view of the company’s operating results excluding stock-based compensation expense and special items, (3) provide useful information to management and investors regarding present and future business trends, and (4) provide consistency and comparability with past reports and projections of future results.

Teradata’s reconciliation of GAAP to non-GAAP results included in this release.
(in millions, except per share data)
 
 
For the Three Months
 
 
 
 
 
Ended March 31
 
 
Gross Profit:
 
2018
 
2017
 
% Chg.
 
GAAP Gross Profit
 
$
223

 
$
225

 
(1
)%
 
% of Revenue
 
44.1
 %
 
45.8
 %
 
 
 
 
 
 
 
 
 
 
 
Excluding:
 
 
 
 
 
 
 
Stock-based compensation expense
 
4

 
3

 
 
 
Acquisition, integration and reorganization related costs
 
  3

 
 2

 
 
 
Capitalized Software ASC 985-20
 
15

 
21

 
 
 
Non-GAAP Gross Profit
 
$
245

 
$
251

 
(2
)%
 
% of Revenue
 
48.4
 %
 
51.1
 %
 
 
 
 
 
 
 
 
 
 
 
Operating (Loss)/Income:
 
 
 
 
 
 
 
GAAP Operating Loss
 
$
(4
)
 
-

 
-

 
% of Revenue
 
(0.8
)%
 
0.0
 %
 
 
 
 
 
 
 
 
 
 
 
 Excluding:
 
 
 
 
 
 
 
Stock-based compensation expense
 
19

 
15

 
 
 
Amortization of acquisition-related intangible assets
 
2

 
2

 
 
 
Acquisition, integration and reorganization related costs
 
3

 
21

 
 
 
Capitalized Software ASC 985-20
 
15

 
21

 
 
 
Non-GAAP Operating Income
 
$
35

 
$
59

 
(41
)%
 
% of Revenue
 
6.9
 %
 
12.0
 %
 
 
 
 
 
 
 
 
 
 
 
Net (Loss)/Income:
 
 
 
 
 
 
 
GAAP Net Loss
 
$(7)
 
$(2)
 
(250
)%
 
% of Revenue
 
(1.4
)%
 
(0.4
)%
 
 
 
 
 
 
 
 
 
 
 
Excluding:
 
 
 
 
 
 
 
Stock-based compensation expense
 
19

 
15

 
 
 
Amortization of acquisition-related intangible assets
 
2

 
2

 
 
 
Acquisition, integration and reorganization related costs
 
3

 
21

 
 
 
Capitalized Software ASC 985-20
 
15

 
21

 
 
 
Income tax adjustments*
 
(9)

 
(20)

 
 
 
Non-GAAP Net Income
 

$23

 

$37

 
(38
)%
 
% of Revenue
 
4.5
 %
 
7.5
 %
 
 
 






 
Three Months
 
 
 
Ended March 31
 
 
 
Earnings Per Share:
2018
 
2017
 
2018 Q2
Guidance
2018 FY
Guidance
GAAP (Loss)/Earnings Per Share
$(0.06)
 
$(0.02)
 
$(0.02) - 0.00
$0.58 - 0.64
 
 Excluding:
 
 
 
 
 
 
Stock-based compensation expense
0.16
 
0.12

 
0.13
0.55
Amortization of acquisition-related intangible assets
0.02
 
0.02

 
0.01
0.05
Acquisition, integration and reorganization related costs
0.02
 
0.16

 
0.01
0.03
Capitalized Software ASC 985-20
0.12
 
0.16

 
0.10
0.40
Income tax adjustments*
(0.07)
 
(0.15)

 
(0.06)
(0.21)
Impact of dilution **
-
 
(0.01)

 
-
-
Non-GAAP Diluted Earnings Per Share
$0. 19
 

$0.28

 
$0.17 - 0.19
$1.40 – 1.46

* Represents the income tax effect of the pre-tax adjustments to reconcile GAAP to Non-GAAP income based on the applicable jurisdictional statutory tax rate of the underlying item. Including the income tax effect assists investors in understanding the tax provision associated with those adjustments and the effective tax rate related to the underlying business and performance of the company’s ongoing operations. As a result of these adjustments, the company’s non-GAAP effective tax rate for the first quarter of 2018 was 25.8% and 35.1% in the first quarter of 2017.

** Represents the impact to earnings per share as a result of moving from basic to diluted shares.


3.
As described below, the company believes that free cash flow is a useful non-GAAP measure for investors. Teradata defines free cash flow as cash provided/used by operating activities less capital expenditures for property and equipment, and additions to capitalized software. Free cash flow does not have a uniform definition under GAAP and therefore, Teradata’s definition may differ from other companies’ definitions of this measure. Teradata’s management uses free cash flow to assess the financial performance of the company and believes it is useful for investors because it relates the operating cash flow of the company to the capital that is spent to continue and improve business operations. In particular, free cash flow indicates the amount of cash generated after capital expenditures for, among other things, investment in the company’s existing businesses, strategic acquisitions, strengthening the company’s balance sheet, repurchase of the company’s stock and repayment of the company’s debt obligations, if any. Free cash flow does not represent the residual cash flow available for discretionary expenditures since there may be other nondiscretionary expenditures that are not deducted from the measure. This non-GAAP measure is not meant to be considered in isolation, as a substitute for, or superior to, results determined in accordance with GAAP, and should be read only in conjunction with our condensed consolidated financial statements prepared in accordance with GAAP.


 
(in millions)
 
 
2018
 
2017
 
 
 
 
 
 
Cash provided by operating activities (GAAP)

$184

 

$248

 
  Less capital expenditures for:
 
 
 
 
Expenditures for property and equipment
(26)

 
(16)

 
Additions to capitalized software
(2)

 
(2)

 
Total capital expenditures
(28)

 
(18)

 
Free Cash Flow (non-GAAP measure)(3) 

$156

 

$230

 








Note to Investors
This news release contains forward-looking statements within the meaning of Section 21E of the Securities and Exchange Act of 1934. Forward-looking statements generally relate to opinions, beliefs and projections of expected future financial and operating performance, business trends, and market conditions, among other things. These forward-looking statements are based upon current expectations and assumptions and involve risks and uncertainties that could cause actual results to differ materially, including the factors discussed in this release and those relating to: the global economic environment and business conditions in general or on the ability of our suppliers to meet their commitments to us, or the timing of purchases by our current and potential customers; the rapidly changing and intensely competitive nature of the information technology industry and the data analytics business, including the increased pressure on price/performance for data analytics solutions and changes in customer’s buying patterns; fluctuations in our operating results, including as a result of the pace and extent to which customers shift from perpetual to subscription-based licenses; our ability to realize the anticipated benefits of our business transformation program or other restructuring and cost saving initiatives; risks inherent in operating in foreign countries, including the impact of economic, political, and legal conditions, and foreign currency fluctuations; risks associated with data privacy, cyber-attacks and maintaining secure and effective internal information technology and control systems; the timely and successful development, production or acquisition and market acceptance of new and existing products and services; tax rates and the impact of recent tax reform legislation; turnover of workforce and the ability to attract and retain skilled employees; protecting our intellectual property; availability and successful exploitation of new acquisition and alliance opportunities ; recurring revenue may decline or fail to be renewed; the impact on our business and financial reporting from changes in accounting rules, including Topic ASC 606; and other factors described from time to time in Teradata’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 10-K and subsequent quarterly reports on Forms 10-Q, as well as the company’s annual report to stockholders. Teradata does not undertake any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About Teradata    
Teradata helps companies achieve high-impact business outcomes. With a portfolio of cloud-based business analytics solutions, architecture consulting, and industry leading big data and analytics technology, Teradata unleashes the potential of great companies. Visit teradata.com.
q12018erfinalimage3.gif q12018erfinalimage4.gif q12018erfinalimage5.gif q12018erfinalimage6.gif
Teradata and the Teradata logo are trademarks or registered trademarks of Teradata Corporation and/or its affiliates in the U.S. and worldwide.

INVESTOR CONTACT:
Gregg Swearingen
Teradata
(937) 242-4600
gregg.swearingen@teradata.com


MEDIA CONTACT:
Benjamin Hendricks
Teradata
(919) 522-2978
ben.hendricks@teradata.com


# # #






SCHEDULE A

TERADATA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF LOSS
(in millions, except per share amounts - unaudited)
 
 
 
 
 
Three Months
 
 
 
2018
 
2017
 
% Chg
 
Revenue
 
 
 
 
 
 
 
Recurring
 
$
302

 
$
273

 
11
 %
 
Perpetual software licenses and hardware
 
69

 
90

 
(23
)%
 
Consulting services
 
135

 
128

 
5
 %
 
Total revenue
 
506

 
491

 
3
 %
 
Gross profit
 
 
 
 
 
 
 
Recurring
 
212

 
206

 
 
 
% of Revenue
 
70.2
 %
 
75.5
 %
 
 
 
Perpetual software licenses and hardware
 
21

 
29

 
 
 
% of Revenue
 
30.4
 %
 
32.2
 %
 
 
 
Consulting services
 
(10
)
 
(10
)
 
 
 
% of Revenue
 
(7.4
)%
 
(7.8
)%
 
 
 
Total gross profit
 
223

 
225

 
 
 
% of Revenue
 
44.1
 %
 
45.8
 %
 
 
 
 
 
 
 
 
 
 
 
Selling, general and administrative expenses
 
152

 
155

 
 
 
Research and development expenses
 
75

 
70

 
 
 
Loss from operations
 
(4
)
 

 
 
 
% of Revenue
 
(0.8
)%
 
 %
 
 
 
 
 
 
 
 
 
 
 
Other expense, net
 
(4
)
 
(2
)
 
 
 
 
 
 
 
 
 
 
 
Loss before income taxes
 
(8
)
 
(2
)
 
 
 
% of Revenue
 
(1.6
)%
 
(0.4
)%
 
 
 
 
 
 
 
 
 
 
 
Income tax benefit
 
(1
)
 

 
 
 
% Tax rate
 
12.5
 %
 
 %
 
 
 
 
 
 
 
 
 
 
 
Net loss
 
$
(7
)
 
$
(2
)
 
 
 
% of Revenue
 
(1.4
)%
 
(0.4
)%
 
 
 
 
 
 
 
 
 
 
 
Net loss per common share
 
 
 
 
 
 
 
Basic
 
$
(0.06
)
 
$
(0.02
)
 
 
 
Diluted
 
$
(0.06
)
 
$
(0.02
)
 
 
 
 
 
 
 
 
 
 
 
Weighted average common shares outstanding
 
 
 
 
 
 
 
Basic
 
121.4

 
130.4

 
 
 
Diluted
 
121.4

 
130.4

 
 
 
 
 
 
 
 
 
 
 






SCHEDULE B

TERADATA CORPORATION
CONDENSED CONSOLIDATED BALANCE SHEETS
(in millions - unaudited)

 
 
March 31, 2018
 
December 31, 2017
 
Assets
 
 
 
 
 
Current assets
 
 
 
 
 
Cash and cash equivalents
 
$
939

 
$
1,089

 
Accounts receivable, net
 
451

 
554

 
Inventories
 
43

 
30

 
Other current assets
 
97

 
77

 
Total current assets
 
1,530

 
1,750

 
Property and equipment, net
 
172

 
162

 
Capitalized software, net
 
107

 
121

 
Goodwill
 
401

 
399

 
Acquired intangible assets, net
 
21

 
23

 
Deferred income taxes
 
58

 
57

 
Other assets
 
66

 
44

 
Total assets
 
$
2,355

 
$
2,556

 
 
 
 
 
 
 
Liabilities and stockholders' equity
 
 
 
 
 
Current liabilities
 
 
 
 
 
Current portion of long-term debt
 
$
68

 
$
60

 
Short-term borrowings
 

 
240

 
Accounts payable
 
110

 
74

 
Payroll and benefits liabilities
 
110

 
173

 
Deferred revenue
 
532

 
414

 
Other current liabilities
 
93

 
102

 
Total current liabilities
 
913

 
1,063

 
Long-term debt
 
456

 
478

 
Pension and other postemployment plan liabilities
 
111

 
109

 
Long-term deferred revenue
 
72

 
85

 
Deferred tax liabilities
 
9

 
4

 
Other liabilities
 
150

 
149

 
Total liabilities
 
1,711

 
1,888

 
Stockholders' equity
 
 
 
 
 
Common stock
 
1

 
1

 
Paid-in capital
 
1,350

 
1,320

 
Accumulated deficit
 
(637
)
 
(579
)
 
Accumulated other comprehensive loss
 
(70
)
 
(74
)
 
Total stockholders' equity
 
644

 
668

 
Total liabilities and stockholders' equity
 
$
2,355

 
$
2,556

 






SCHEDULE C

TERADATA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in millions - unaudited)

 
 
For the Period Ended March 31
 
 
Three Months
 
 
2018
 
2017
Operating activities
 
 
 
 
Net loss
 
$
(7
)
 
$
(2
)
Adjustments to reconcile net loss to net cash provided
 
 
 
 
  by operating activities:
 
 
 
 
Depreciation and amortization
 
34

 
36

Stock-based compensation expense
 
19

 
16

Deferred income taxes
 
(5
)
 
(8
)
Changes in assets and liabilities:
 
 
 
 
Receivables
 
83

 
106

Inventories
 
(13
)
 
(6
)
Current payables and accrued expenses
 
(27
)
 
(44
)
Deferred revenue
 
124

 
145

Other assets and liabilities
 
(24
)
 
5

Net cash provided by operating activities
 
184

 
248

Investing activities
 
 
 
 
Expenditures for property and equipment
 
(26
)
 
(16
)
Proceeds from sale of property and equipment
 
(2
)
 
(2
)
Net cash used in investing activities
 
(28
)
 
(18
)
Financing activities
 
 
 
 
Repurchases of common stock
 
(60
)
 
(43
)
Repayments of long-term borrowings
 
(15
)
 
(8
)
Repayment of credit facility borrowings
 
(240
)
 

Other financing activities, net
 
10

 
7

Net cash used in financing activities
 
(305
)
 
(44
)
Effect of exchange rate changes on cash and cash equivalents
 

 
4

(Decrease) increase in cash, cash equivalents and restricted cash
 
(149
)
 
190

Cash, cash equivalents and restricted cash at beginning of period
 
1,089

 
974

Cash, cash equivalents and restricted cash at end of period
 
$
940

 
$
1,164







SCHEDULE D

TERADATA CORPORATION
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in millions - unaudited)
 
 
For the Three Months Ended March 31
 
 
 
2018
 
2017
 
% Change As Reported
 
%
 Change Constant Currency(2)
 
Segment Revenue
 
 
 
 
 
 
 
 
 
Americas
 
$
264

 
$
267

 
(1)%
 
(1)%
 
International
 
242

 
224

 
8%
 
(1)%
 
Total segment revenue
 
506

 
491

 
3%
 
(1)%
 
 
 
 
 
 
 
 
 
 
 
Segment gross profit
 
 
 
 
 
 
 
 
 
Americas
 
147

 
151

 
 
 
 
 
% of Revenue
 
55.7
%
 
56.6
%
 
 
 
 
 
International
 
98

 
100

 
 
 
 
 
% of Revenue
 
40.5
%
 
44.6
%
 
 
 
 
 
Total segment gross profit
 
245

 
251

 
 
 
 
 
% of Revenue
 
48.4
%
 
51.1
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Reconciling items(1)
 
(22
)
 
(26
)
 
 
 
 
 
Total gross profit
 
$
223

 
$
225

 
 
 
 
 
% of Revenue
 
44.1
%
 
45.8
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
    
  


View differences made from one to another to evaluate Teradata Corp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 8-K Corporate News to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Teradata Corp.

Continue

Never Miss A New SEC Filing Again


Real-Time SEC Filing Notifications
Screenshot taken from Gmail for a new 10-K Annual Report
Last10K.com Member Feature

Receive an e-mail as soon as a company files an Annual Report, Quarterly Report or has new 8-K corporate news.

Continue

We Highlighted This SEC Filing For You


SEC Filing Sentiment Analysis - Bullish, Bearish, Neutral
Screenshot taken from Wynn's 2018 10-K Annual Report
Last10K.com Member Feature

Read positive and negative remarks made by management in their entirety without having to find them in a 10-K/Q.

Continue

Widen Your SEC Filing Reading Experience


Increased Reading Area for SEC Filings
Screenshot taken from Adobe Inc.'s 10-Q Quarterly Report
Last10K.com Member Feature

Remove data columns and navigations in order to see much more filing content and tables in one view

Continue

Uncover Actionable Information Inside SEC Filings


SEC Filing Disclosures
Screenshot taken from Lumber Liquidators 10-K Annual Report
Last10K.com Member Feature

Read both hidden opportunities and early signs of potential problems without having to find them in a 10-K/Q

Continue

Adobe PDF, Microsoft Word and Excel Downloads


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshots of actual 10-K and 10-Q SEC Filings in PDF, Word and Excel formats
Last10K.com Member Feature

Export Annual and Quarterly Reports to Adobe PDF, Microsoft Word and Excel for offline viewing, annotations and analysis

Continue

FREE Financial Statements


Download Annual and Quarterly Reports as PDF, Word and Excel Documents
Screenshot of actual balance sheet from company 10-K Annual Report
Last10K.com Member Feature

Get one-click access to balance sheets, income, operations and cash flow statements without having to find them in Annual and Quarterly Reports

Continue for FREE

Intrinsic Value Calculator


Intrinsic Value Calculator
Screenshot of intrinsic value for AT&T (2019)
Last10K.com Member Feature

Our Intrinsic Value calculator estimates what an entire company is worth using up to 10 years of financial ratios to determine if a stock is overvalued or not

Continue

Financial Stability Report


Financial Stability Report
Screenshot of financial stability report for Coco-Cola (2019)
Last10K.com Member Feature

Our Financial Stability reports uses up to 10 years of financial ratios to determine the health of a company's EPS, Dividends, Book Value, Return on Equity, Current Ratio and Debt-to-Equity

Continue

Get a Better Picture of a Company's Performance


Financial Ratios
Available Financial Ratios
Last10K.com Member Feature

See how over 70 Growth, Profitability and Financial Ratios perform over 10 Years

Continue

Log in with your credentials

or    

Forgot your details?

Create Account