The Importance of Reading Footnotes – Filing Season 2020 Recap
See material, critical details we uncover in the footnotes to measure earnings better.
Kyle Guske II
Filing Season Finds (forensic accounting in real-time)
Kyle Guske II
Restructuring Charges Understate This Firm’s True Profits
Last week, analysts parsed 406 filings and collected 39,443 data points. In total, they made 6,642 accounting adjustments with a dollar value of $1.6 trillion.
Matt Shuler
This Industrials Firm’s Acquisition Has Not Created Shareholder Value
Last week, analysts parsed 501 filings and collected 55,615 data points. In total, they made 9,915 accounting adjustments with a dollar value of $2.9 trillion.
Matt Shuler
Special Charges Distorting Profitability Are Today’s Filing Season Find
Since February 27, 2020, our analysts parsed 364 filings and collected 41,596 data points. In total, they made 8,550 forensic accounting adjustments with a dollar value of $3.7 trillion.
Matt Shuler
Hidden Unusual Expenses Overstate This Firm’s Losses
Last week, analysts parsed 475 filings and collected 55,687 data points. In total, they made 11,756 accounting adjustments with a dollar value of $7.7 trillion.
Kyle Guske II
Abnormal Tax Rates Are Today’s Filing Season Find
Since February 22, 2020, our analysts parsed 242 filings and collected 28,620 data points. In total, they made 6,058 forensic accounting adjustments with a dollar value of $5.0 trillion.
Matt Shuler
Hidden Expenses Overstate This Firm’s Profit Decline
Last week, analysts parsed 303 filings and collected 34,774 data points. In total, they made 6,193 accounting adjustments with a dollar value of $4.3 trillion.
Matt Shuler
The Real Earnings Season Starts Now: Time to Read the Footnotes
Quarterly earnings season may be winding down, but the real earnings season – annual 10-K filing season – is ramping up.
Kyle Guske II
This 2018 IPO Is Starting to Look Like a Bargain
Last week, analysts parsed 232 10-K filings and collected 21,224 data points. In total, they made 4,371 accounting adjustments with a dollar value of $972 billion.
Sam McBride
Is This Rock Bottom for Newell?
Last week, analysts parsed 421 10-K filings and collected 38,931 data points. In total, they made 7,881 accounting adjustments with a dollar value of $1.9 trillion.
Sam McBride
Unreported Expenses Are Today’s Filing Season Find
From yesterday's research, our analysts parsed 72 10-K filings and collected 4,768 data points. In total, they made 1,165 forensic accounting adjustments with a dollar value of $552 billion.
Sam McBride
An Unusual Tax Benefit Is Today’s Filing Season Find
From yesterday's research, our analysts parsed 29 10-K filings and collected 2,178 data points. In total, they made 491 forensic accounting adjustments with a dollar value of $137 billion.
Sam McBride
A Misleading ROIC Calculation Is Today’s Filing Season Find
From yesterday's research, our analysts parsed 54 10-K filings and collected 5,120 data points. In total, they made 938 forensic accounting adjustments with a dollar value of $313 billion.
Sam McBride
Related Party Transactions Raise Red Flags In Today’s Filing Season Find
From yesterday's research, our analysts parsed 201 10-K filings and collected 22,154 data points. In total, they made 4,384 forensic accounting adjustments with a dollar value of $844 billion.
Sam McBride
Early Returns Look Bad for This Merger
Last week, analysts parsed 659 10-K filings and collected 72,984 data points. In total, they made 15,056 accounting adjustments with a dollar value of $6 trillion.
Sam McBride
Hidden Non-Operating Income Is Today’s Filing Season Find
From yesterday's research, our analysts parsed 175 10-K filings and collected 19,543 data points. In total, they made 4,041 forensic accounting adjustments with a dollar value of $1.4 trillion.
Sam McBride
CEO-Friendly Provisions Are Today’s Filing Season Find
From yesterday's research, our analysts parsed 147 10-K filings and collected 16,613 data points. In total, they made 3,500 forensic accounting adjustments with a dollar value of $1.6 trillion.
Sam McBride
New Accounting Rules Bloat Balance Sheets in Today’s Filing Season Find
From yesterday's research, our analysts parsed 79 10-K filings and collected 8,899 data points. In total, they made 1,844 forensic accounting adjustments with a dollar value of $854 billion.
Kyle Guske II
Watch Out for These Red Flags in Today’s Filing Season Find
From yesterday's research, our analysts parsed 100 10-K filings and collected 10,403 data points. In total, they made 2,085 forensic accounting adjustments with a dollar value of $600 billion.
Sam McBride
Sorting the Signal from the Noise in This Telecom Giant’s 10-K
Last week, analysts parsed 364 10-K filings and collected 39,507 data points. In total, they made 8,004 forensic accounting adjustments with a dollar value of $5 trillion.
Sam McBride