Valens Research – UAFRS vs As Reported Weekly Highlights – June 5, 2019
June 9, 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
CVS Health Corporation (CVS)
Operating Lease Distortion
Apple Inc. (AAPL)
Excess Cash Distortion
Microchip Technology Incorporated (MCHP)
R&D Expense Distortion
