Valens Research – UAFRS vs As Reported Weekly Highlights – January 30, 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

TEGNA, Inc. (TGNA)
Goodwill Distortion

Echo Global Logistics, Inc. (ECHO)
R&D Expense Distortion

Kinder Morgan, Inc. (KMI)
Operating Lease Distortion