June 4, 2018

Valens Research – UAFRS vs As Reported Weekly Highlights – May 30, 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

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