An annual report is a comprehensive document that organizations, especially publicly traded companies, produce once a year. It provides a detailed overview of the company's financial performance, including income statements, balance sheets, and cash flow statements. The report also highlights key achievements, challenges, and future goals, helping stakeholders understand the company's overall health and direction. These reports are essential for investors, employees, and regulators, as they promote transparency and accountability. Typically, annual reports include a letter from the CEO, management discussions, and information about corporate governance. They serve as a valuable resource for anyone interested in the company's operations and financial status.