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Valens Research – UAFRS vs As Reported Weekly Highlights – September 24, 2020

September 24, 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
F5 Networks, Inc. (FFIV)
Stock Option Expense Distortion
PayPal Holdings, Inc. (PYPL)
R&D Expense Distortion

Tenet Healthcare Corporation (THC)
Operating Lease Expense Distortion