10k Digest

10-K Report Digest

⚠️ Data Verification — Do This Before Any Analysis

Before running the digest, confirm the filing details:

1. Identify the filing — confirm ticker, fiscal year-end, and exact 10-K filing date from SEC EDGAR.
2. State your source — note where the document came from (e.g., "SEC EDGAR, FY2024 10-K filed 2025-02-05") at the top of the output.
3. Flag incomplete data — if only partial sections are available, list what is missing before proceeding.

> ⚠️ Source unavailable. If the full 10-K cannot be retrieved, display this warning and proceed only with the sections provided.

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Produce a clean, structured markdown document that distills a company's 10-K annual report into an abstract, per-section summaries, a digest of key metrics, and full source references. Designed for quick comprehension — not trading signals. Output language is selectable: English or Traditional Chinese (繁體中文).

How to Use

# Analyze by ticker (fetches latest 10-K)
/10k-digest AAPL

# Paste 10-K text directly
/10k-digest [paste 10-K sections here]

# Specify fiscal year
/10k-digest MSFT FY2024

# Output in Traditional Chinese
/10k-digest NVDA --lang zh-TW

# Save output to file
/10k-digest GOOGL --output googl-10k-digest.md

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Output Document Structure

The skill produces a single markdown document with the following sections in order.

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1. Cover Block

# [Company Name] ([TICKER]) — 10-K Digest
**Fiscal Year:** [FY20XX ending MM/DD/YYYY]
**Filed:** [Filing date]
**Source:** SEC EDGAR — [Direct URL to filing]
**Prepared:** [Today's date]
**Language:** English | 繁體中文

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2. Abstract

A 3–5 sentence executive summary of the entire 10-K. Cover:

• What the company does (core business in one sentence)
• Year-over-year financial performance headline (revenue, profit, FCF)
• The single most important strategic development disclosed in this filing
• The most material risk disclosed
• Overall filing tone (transparent / cautious / optimistic)

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3. Section Summaries

Summarize each major 10-K section. For each section, write 2–4 sentences capturing the substance — not just restating headings.

3.1 Business Overview (Item 1)

• Core products/services and revenue model
• Key markets and customer segments
• Significant changes to business described in this filing (new products, acquisitions, divestitures)

3.2 Risk Factors (Item 1A)

• Total number of risk factors disclosed
• Top 3 risks by disclosure prominence (listed first, given most space, or new this year)
• Any risks added or removed vs. prior filing (state "N/A if prior not available")
• One-line assessment: are risks standard boilerplate or specific and material?

3.3 Selected Financial Data / Properties (Items 1B–2)

• Key quantitative highlights from Selected Financial Data if present
• Material properties or facilities disclosed

3.4 Management's Discussion & Analysis — MD&A (Item 7)

• Revenue: total and YoY growth; organic vs. inorganic split if stated
• Gross margin and operating margin trend
• Management's stated explanation for performance changes
• Forward-looking statements: what management guided or projected
• Liquidity summary: cash position, debt level, upcoming maturities

3.5 Financial Statements (Items 8)

• Revenue, net income, EPS (GAAP) — current year vs. prior year
• Operating cash flow and free cash flow (OCF minus capex)
• Total assets, total debt, shareholders' equity
• Auditor name and opinion type (unqualified / qualified / adverse)
• Any restatements or material changes in accounting policy noted

3.6 Quantitative Disclosures about Market Risk (Item 7A)

• Primary market risks disclosed (interest rate, FX, commodity)
• Sensitivity disclosures if provided (e.g., "1% rate rise = $X impact")

3.7 Controls and Procedures (Item 9A)

• Management's conclusion on effectiveness of internal controls
• Any material weaknesses or significant deficiencies disclosed

3.8 Legal Proceedings (Item 3)

• Active material litigation or regulatory matters
• Estimated financial exposure if disclosed

3.9 Executive Compensation & Governance (Items 10–13, from Proxy if incorporated)

• CEO/CFO compensation summary
• Board composition notes (independence, tenure)
• Any significant governance changes

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4. Key Metrics Table

Provide a concise metrics table drawn directly from the financial statements. Use exact figures from the filing; do not estimate.

| Metric                    | Current FY      | Prior FY        | YoY Change |
|---------------------------|-----------------|-----------------|------------|
| Revenue                   | $X.XX B         | $X.XX B         | +X.X%      |
| Gross Profit              | $X.XX B         | $X.XX B         | +X.X%      |
| Gross Margin %            | XX.X%           | XX.X%           | +X bps     |
| Operating Income          | $X.XX B         | $X.XX B         |            |
| Operating Margin %        | XX.X%           | XX.X%           |            |
| Net Income (GAAP)         | $X.XX B         | $X.XX B         |            |
| EPS Diluted (GAAP)        | $X.XX           | $X.XX           |            |
| Operating Cash Flow       | $X.XX B         | $X.XX B         |            |
| Capital Expenditures      | $X.XX B         | $X.XX B         |            |
| Free Cash Flow            | $X.XX B         | $X.XX B         |            |
| Cash & Equivalents        | $X.XX B         | $X.XX B         |            |
| Total Debt                | $X.XX B         | $X.XX B         |            |
| Net Debt / (Net Cash)     | $X.XX B         | $X.XX B         |            |
| Shares Outstanding (dil.) | X.XX B          | X.XX B          |            |

Note below the table: data source (filing section and page number if available).

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5. Notable Disclosures

Bullet list of up to 8 items that are worth investor attention but don't fit neatly into section summaries:

• New segment or business unit disclosures
• Changes in accounting estimates or policies
• Related party transactions
• Auditor changes
• Going concern language (if any)
• New share repurchase authorizations or dividend changes
• Material acquisitions or divestitures announced
• Specific named customers or suppliers with concentration risk

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6. Source References

List all sources cited in this digest. Format:

## References

1. **SEC EDGAR Filing** — [Company] 10-K, FY[XXXX]
   URL: https://www.sec.gov/cgi-bin/browse-edgar?...
   Filed: [Date] | Accession No.: [XXXXXXXXXX-XX-XXXXXX]

2. **Item 1 — Business** (pp. X–X of filing)
3. **Item 1A — Risk Factors** (pp. X–X of filing)
4. **Item 7 — MD&A** (pp. X–X of filing)
5. **Item 8 — Financial Statements** (pp. X–X of filing)
6. **Item 9A — Controls and Procedures** (pp. X–X of filing)
7. **Exhibit 13 / Annual Report to Shareholders** (if incorporated by reference)
8. [Any additional sources used, e.g. earnings press release, investor presentation]

If page numbers are unavailable (e.g., pasted text), reference by Item number and section heading.

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Language Mode

When --lang zh-TW is specified, output the entire document in Traditional Chinese (繁體中文), including:

• All section headings translated
• All narrative summaries written in Traditional Chinese
• All tables with Chinese column headers
• Cover block language field: 語言：繁體中文
• Keep ticker symbols, financial figures, and SEC item numbers in their original form

English mode is the default when no --lang flag is given.

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File Output

When --output is specified:

• Save the digest as a markdown file at the specified path
• If no path separator is present, save in the current directory
• Confirm the file path after saving: ✓ Digest saved to:
• Default filename if --output flag is present without a name: -10k-digest.md

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Thesis Invalidation

After delivering the digest, note what would make this document stale:

Re-run this digest when:

• [ ] Company files next 10-K or 10-K/A amendment
• [ ] Material 8-K filed disclosing a restatement or auditor change
• [ ] 12 months have elapsed since the filing date

╔══════════════════════════════════════════════╗
║              INVESTMENT SIGNAL               ║
╠══════════════════════════════════════════════╣
║ Signal:      BULLISH / NEUTRAL / BEARISH     ║
║ Confidence:  HIGH / MEDIUM / LOW             ║
║ Horizon:     SHORT / MEDIUM / LONG-TERM      ║
║ Score:       X.X / 10                        ║
╠══════════════════════════════════════════════╣
║ Action:      BUY / HOLD / SELL               ║
║ Conviction:  STRONG / MODERATE / WEAK        ║
╚══════════════════════════════════════════════╝

Score Guide: 8.0–10.0 Strongly Bullish | 6.0–7.9 Moderately Bullish | 4.0–5.9 Neutral | 2.0–3.9 Moderately Bearish | 0.0–1.9 Strongly Bearish Confidence: HIGH (strong data, clear signals) | MEDIUM (mixed signals) | LOW (limited data, conflicting signals) Horizon: SHORT-TERM (1 week–3 months) | MEDIUM-TERM (3 months–1 year) | LONG-TERM (1+ years)

Source & license

This open-source skill is cataloged on AgentStack and links to its original source — we do not rehost the code.

• Author: yennanliu
• Source: yennanliu/InvestSkill
• License: MIT
• Homepage: http://yennj12.js.org/InvestSkill/

Install and usage instructions live in the source repository linked above.