November 27, 2017

Valens Research – UAFRS vs As Reported Weekly Highlights – November 22, 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

Allergan plc (AGN)
Acquisition Earnings Distortion

Tesla, Inc. (TSLA)
R&D Expense Distortion

Express Scripts Holding Company (ESRX)
Goodwill Distortion

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