February 12, 2018

Valens Research – UAFRS vs As Reported Weekly Highlights – February 7, 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

Twitter, Inc. (TWTR)
Stock Option Expense Distortion

Celgene Corporation (CELG)
R&D Expense Distortion

CVS Health Corporation (CVS)
Operating Lease Distortion

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