Valens Research – UAFRS vs As Reported Weekly Highlights – July 17, 2019

July 22, 2019

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

Microsoft Corporation (MSFT)
Goodwill Distortion

Cirrus Logic, Inc. (CRUS)
R&D Expense Distortion

Splunk Inc. (SPLK)
Excess Cash Distortion