Valens Research – UAFRS vs As Reported Weekly Highlights – October 1, 2020

October 1, 2020

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
The Kraft Heinz Company. (KHC)
Goodwill Distortion
NetApp, Inc. (
Stock Option Expense DistortionRockwell Automation, Inc. (ROK)
R&D Expense Distortion