Financial companies and non-financial companies structure reporting differently, which is why we offer two different standardized data tags.
WHAT STANDARDIZED DATA DO YOU OFFER?
We offer both standardized and as-reported Income Statement, Balance Sheet, and Cash Flow Statement items for non-OTC US headquartered public companies filing 10-K and 10-Qs.
WHY DOES THIS DATA NEED TO BE STANDARDIZED?
Most companies structure their reporting fairly similarly, allowing us to standardize and present their fundamental data in an easy to read manner providing for apples to apples comparisons between companies.
The exception to this is financial companies, who report so differently, that it makes it impossible to compare those companies to all other non-financial ones (such as industrial companies).
For example, there are no current or short term items for financial institutions. Their balance sheets are based on liquidation order as opposed to being broken down into time periods like non-financial institutions, i.e. current referring to being realizable in 1 year into cash or payment in cash.