What exactly is a 10Q?

Flying Illini

Hit me Peter!
Joined
Mar 9, 2003
Posts
2,291
Total Time
6000
What is it and what does it mean?

Specifically what does it mean for you Delta guys?
 

iflyhigh

Well-known member
Joined
Jun 20, 2003
Posts
204
Total Time
5000
Flying Illini:

A 10Q is a quarterly financial report filed with the SEC (Security and Exchange Commission). It gives the stockholders of a company an update on the financial condition of a specific company. This report is not nearly as detailed as the annual filing which is known as a 10K.

For Delta guys it really means nothing. It appears on the surface that one of the reasons Delta delayed filing their report, was because of the sale of ASA. This sale has a major impact, in terms of dollars, on the financial statements and thus Delta waited to file. Now their could be countless other reasons why they filed late too.
 

lostplnetairman

Well-known member
Joined
Mar 18, 2004
Posts
203
Total Time
20k+
They also filed late because their M/C and VISA credit card agreement was due to expire on 8/31. They could not file with that up in the air. They needed to get an extension because the vendor wants a big chunk of cash on deposit. They got the extension to 10/31--it is announced in the filing today.


HR Diva
 
Top