Valens Research – UAFRS vs As Reported Weekly Highlights – October 28, 2017
October 30, 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
Novartis AG (NOVN:CHE)
R&D Expense Distortion
Johnson & Johnson (JNJ)
Goodwill Distortion
Wal-Mart Stores, Inc. (WMT)
Operating Lease Expense Distortion
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