Valens Research – UAFRS vs As Reported Weekly Highlights – July 31, 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

Oracle Corporation (ORCL)
R&D Expense Distortion

TripAdvisor, Inc. (TRIP)
Stock Option Expense Distortion

American Public Education, Inc. (APEI)
Excess Cash Distortion