The annual report, and other quarterly reports, a publicly-traded company is required to distribute to shareholders. The report contains information on the company's financial state, such as operational income and net profit. Sometimes it also contains an accountant's opinion on the general health of the company. Occasionally, stockholder's reports are distributed at irregular intervals to explain a major event in the company. Generally the front part of the stockholder's report states the "bottom line" while the last part contains more detailed financial information. For example, the front part of the report may contain a brief essay stating, "Our company is healthy for reasons A, B, and C." At the conclusion of that essay, the stockholder may view its financial statement. See also: Balance sheet.