Valens Research – UAFRS vs As Reported Weekly Highlights – January 23, 2020
January 23, 2020
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
PTC Inc. (PTC)
Stock Option Expense Distortion
Aegion Corporation (AEGN)
Operating Lease Distortion
British American Tobacco p.l.c. (BATS:GBR)
Goodwill Distortion