10-K and 10-Q extraction for deal teams
Bring the financial statements in a 10-K or a 10-Q into the analysis your deal team needs to review, quarter by quarter and year by year.
SpreadSpace™ reads the financial statements in annual and quarterly SEC filings for private equity, M&A advisory, investment banking and corporate development teams. Work with the reported figures, their periods and the filing pages behind them in one workspace.
Use the extracted financials to build historical comparisons, investigate the supporting detail and prepare the exhibits for the transaction analysis. Continue in SpreadSpace or embed the workspace in your own deal platform.
Start with the filing and its financial statements
Upload a 10-K or a 10-Q and review the financial statements it contains, including the balance sheet, the income statement and the statement of cash flows. The filing is read as it was published, and each company, reporting period and stated unit stays identifiable.
Audited financial statement packets from public and private companies enter the same review. Compare the documents supplied for the engagement while keeping the source and the reporting basis of each figure.
Read quarterly filings as the quarters they report
A 10-Q prints the quarter beside the same quarter of the prior year, and the year to date beside its prior-year comparative. SpreadSpace keeps each column as the filing states it, so a three-month figure never reads as an annual one and a nine-month figure never stands in for a year.
The interim balance sheet sits beside the last fiscal year-end as the filing prints it. Upload each quarter's filing as it arrives, then the 10-K when the audited year closes, and every statement keeps its own periods and its own pages.
Follow reported figures to the original page
Open a source-linked figure to inspect its supporting line on the filing. The document drawer brings the page and the highlighted location into the review, so an analyst or a reviewer can read the figure in context.
For derived figures, inspect the contributing detail and follow the linked inputs to their sources. The relationship between the reported financials and the analysis stays available to the next person reviewing the deal.
Review the detail behind the statements
Supported tables from the notes to the financial statements sit alongside the primary statements. Use the extracted supporting detail to investigate the components behind a reported balance or change.
Compare reporting periods and return to the filing when a caption, a unit or a presentation changes. The analyst reviews the supplied evidence before deciding how it belongs in the transaction analysis.
Organize the historical financials for comparison
Use your firm's chart-of-accounts mapping for income statements and balance sheets to apply one presentation across the companies under review. The original reported lines stay available behind the mapped figures.
Build comparisons around the target, the acquirer or the peer financials your team supplies. Review differences in reporting periods and accounting presentation as part of selecting the inputs for the analysis.
Build the model around the evidence
Continue in the spreadsheet with formulas, projected periods and analyst assumptions. Source-linked historical inputs remain available as the team develops its financial model and tests scenarios.
Arrange tables and charts on the shared canvas, discuss the analysis with colleagues and carry selected exhibits into the write-up. The team chooses the assumptions and the conclusions that explain the transaction.
Bring the workflow into your deal platform
Use the native workspace or embed financial analysis and document review in the application your team already uses. Keep the review of the filing close to the wider engagement workflow.
Scope an integration around document intake, reviewer access and the financial data your application needs. The same source review is available in the embedded workspace.
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Work together
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Review a filing with your deal team
Bring a representative 10-K or 10-Q and the analysis your team needs to produce. Follow a figure from the filing into the financial review and the resulting exhibit.