July 26, 2017

UAFRS vs As-Reported Weekly Highlights for July 26, 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

Pfizer Inc. (PFE)
R&D Expense Distortion

Netflix, Inc. (NFLX)
Stock Option Expense Distortion

Advance Auto Parts, Inc. (AAP)
Operating Lease Distortion

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