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Footnotes Season Finds (forensic accounting in real-time)

April 9, 20200Comments

The Importance of Reading Footnotes – Filing Season 2020 Recap

See material, critical details we uncover in the footnotes to measure earnings better.
by Kyle Guske II, Senior Investment Analyst, MBA
March 17, 20200Comments

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.
by Matt Shuler, Investment Analyst II
March 10, 20200Comments

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.
by Matt Shuler, Investment Analyst II
March 4, 20200Comments

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.
by Matt Shuler, Investment Analyst II
March 3, 20200Comments

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.
by Kyle Guske II, Senior Investment Analyst, MBA
February 28, 20200Comments

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.
by Matt Shuler, Investment Analyst II
February 25, 20200Comments

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.
by Matt Shuler, Investment Analyst II
February 21, 20200Comments

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.
by Kyle Guske II, Senior Investment Analyst, MBA
March 19, 20190Comments

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.
by Sam McBride
March 13, 20190Comments

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.
by Sam McBride
March 8, 20190Comments

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.
by Sam McBride
March 7, 20190Comments

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.
by Sam McBride
March 6, 20190Comments

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.
by Sam McBride
March 5, 20190Comments

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.
by Sam McBride
March 4, 20190Comments

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.
by Sam McBride
March 1, 20190Comments

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.
by Sam McBride
February 28, 20190Comments

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.
by Sam McBride
February 27, 20190Comments

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.
by Kyle Guske II, Senior Investment Analyst, MBA
February 26, 20190Comments

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.
by Sam McBride
February 26, 20190Comments

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.
by Sam McBride
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