August 28, 2017

Valens Research – UAFRS vs As Reported Weekly Highlights – August 23, 2017

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

Gilead Sciences, Inc. (GILD)
R&D Expense Distortion

Dollar Tree, Inc. (DLTR)
Operating Lease Expense Distortion

Baidu, Inc. (BIDU)
Excess Cash Distortion

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