April 9, 2018

Valens Research – UAFRS vs As Reported Weekly Highlights – April 4, 2018

Each week, Valens focuses on several companies that were analyzed in the prior week, where material distortions caused by as-reported GAAP accounting need to be corrected to understand a company’s economic fundamentals.

Company Specific Highlights & Insights

Intuitive Surgical, Inc. (ISRG)
Excess Cash Distortion

Accenture plc (ACN)
Stock Option Expense Distortion

The J. M. Smucker Company (SJM)
Operating Lease Distortion

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