Valens Research – UAFRS vs As Reported Weekly Highlights – October 8, 2020

October 8, 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
Hasbro, Inc. (HAS)
Excess Cash Distortion
Incyte Corporation (INCY)
R&D Expense Distortion

Illinois Tool Works Inc. (ITW)
Goodwill Distortion