Valens Research – UAFRS vs As Reported Weekly Highlights – May 09, 2018
May 15, 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
Netflix, Inc. (NFLX)
Stock Option Expense Distortion
Jacobs Engineering Group Inc. (JEC)
Operating Lease Distortion
Edwards Lifesciences Corporation (EW)
R&D Expense Distortion