Valens Research – UAFRS vs As Reported Weekly Highlights – May 15, 2019

May 23, 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

Analog Devices, Inc. (ADI)
Goodwill Distortion

AbbVie Inc. (ABBV)
R&D Expense Distortion

Palo Alto Network, Inc. (PANW)
Excess Cash Distortion

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