Research

Valens Research – UAFRS vs As Reported Weekly Highlights – December 12, 2018

December 17, 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

Laboratory Corporation of America Holdings (LH)
Goodwill Distortion

AECOM (ACM)
Operating Lease Expense Distortion

Commvault Systems, Inc. (CVLT)
Stock Option Expense Distortion