Valens Research – UAFRS vs As Reported Weekly Highlights – August 23, 2017
August 28, 2017
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
Gilead Sciences, Inc. (GILD)
R&D Expense Distortion
Dollar Tree, Inc. (DLTR)
Operating Lease Expense Distortion
Baidu, Inc. (BIDU)
Excess Cash Distortion
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