Valens Research – UAFRS vs As Reported Weekly Highlights – September 4, 2019

September 9, 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

Crocs, Inc. (CROX)
Operating Lease Distortion

Virtusa Corporation (VRTU)
Stock Option Expense Distortion

Becton, Dickinson and Company (BDX)
Goodwill Distortion