Netflix's Annual Reports (10-Ks) used to be a work of art. What happened?
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Re: Netflix's Annual Reports (10-Ks) used to be a work of art. What happened?
#2Two come to mind: Cost and lawyers.
Re: Netflix's Annual Reports (10-Ks) used to be a work of art. What happened?
#3Flashy 10-Ks are hugely annoying, especially in IFRS where there’s no standard. Give me tables all day every day. The lack of standardization in financial reporting already sinks enough of my time.
Re: Netflix's Annual Reports (10-Ks) used to be a work of art. What happened?
#4When you dont need to stand out more it stops mattering
Re: Netflix's Annual Reports (10-Ks) used to be a work of art. What happened?
#5Flashy 10-Ks are hugely annoying, especially in IFRS where there’s no standard. Give me tables all day every day. The lack of standardization in financial reporting already sinks enough of my time.
Is XBRL any good? I see more filings on EDGAR/SEDAR using that.
Re: Netflix's Annual Reports (10-Ks) used to be a work of art. What happened?
#6I think it's the difference between paying the word processing department (if those still exist) to edit last year's document and paying for what amounts to an expensive marketing campaign that few people are going to see.
Re: Netflix's Annual Reports (10-Ks) used to be a work of art. What happened?
#7What happened was Barry McCarthy, who was CFO at Netflix till 2010, left Netflix. Barry was an exceedingly creative and forward thinking CFO. He was the CFO responsible for taking Spotify public via direct listing in 2018, which was an incredibly bold move at the time. Definitely creative as far as CFOs go.
Re: Netflix's Annual Reports (10-Ks) used to be a work of art. What happened?
#8Flashy 10-Ks are hugely annoying, especially in IFRS where there’s no standard. Give me tables all day every day. The lack of standardization in financial reporting already sinks enough of my time.
The foreign (non-US) filers (and also IFRS) are bringing the design back. I don't like it either.
Re: Netflix's Annual Reports (10-Ks) used to be a work of art. What happened?
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Re: Netflix's Annual Reports (10-Ks) used to be a work of art. What happened?
#10Flashy 10-Ks are hugely annoying, especially in IFRS where there’s no standard. Give me tables all day every day. The lack of standardization in financial reporting already sinks enough of my time.
Is XBRL any good? I see more filings on EDGAR/SEDAR using that.
It isn't a choice for any registrant that is filing to the SEC. Even the smallest filers will have to file most reports using XBRL after June.
The application of XBRL doesn't really affect the design of the reports. It ebbs and flows - it feels like more designed filings are coming back with better tools that allow more designed reports.