Valens Research – UAFRS vs As Reported Weekly Highlights – May 30, 2018
June 5, 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
Align Technology, Inc. (ALGN)
Excess Cash Distortion
ARRIS International plc (ARRS)
Stock Option Expense Distortion
Gilead Sciences, Inc. (GILD)
R&D Expense Distortion