Valens Research – UAFRS vs As Reported Weekly Highlights – October 29, 2020
October 29, 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
Johnson & Johnson (JNJ)
R&D Expense Distortion
Microsoft Corporation (MSFT)
Excess Cash Distortion
PepsiCo, Inc. (PEP)
Goodwill Distortion