Valens Research – UAFRS vs As Reported Weekly Highlights – October 15, 2020

October 15, 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, Inc. (AMZN)
R&D Expense Distortion
Nike, Inc. (NKE)
Excess Cash Distortion

Thermo Fisher Scientific Inc. (TMO)
Goodwill Distortion