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May 2021 Insider

Calcbench has lots of data to dig through these days, with Q1 2021 reports now marching in and 2020 annual reports and proxy statements all over the place. This month we look at non-GAAP adjustments, executive compensation, some quirky stuff in the filings, and more.

Get Behind the Data,

The Calcbench Team

In Depth: Non-GAAP Adjustments

Who adjusted how much. Calcbench recently took a deep dive into how S&P 500 firms are reporting non-GAAP financial reporting metrics. Our resulting report found more than $132 billion in adjustments for 2020, grouped into 11 categories. 

Don’t forget the full report on our Research page.

Yes, that was our non-GAAP research cited by MarketWatch in a recent article about how companies keep using non-GAAP financial reporting metrics, despite recent warnings from regulators not to go overboard with such practices.

Executive Compensation

It’s not always about the balance sheet and the income statement; sometimes you want executive compensation data from the proxy. We have two items on that subject this month:

From the Filings

Rite Aid Corp. recently filed its latest Form 10-K, including details of an acquisition that resulted in $47.7 million in negative goodwill — more formally known as a “bargain purchase gain.” We walk through the details of that rather exotic accounting maneuver, and how to find data on bargain purchase gains in Calcbench.

Find the details of this "bargain purchase gain"

It’s tax season, which means a flurry of articles in the media about how much corporations do or don’t pay in income taxes. Calcbench has all that data in spades, so we did a few quick analyses of our own. 

See which firms are paying how much

Calcbench Q&A 

This month we sat down (virtually) with Rani Hoitash, accounting professor at Bentley University. He talked about when he first started using XBRL to turbo-charge his accounting research, and how his students today use Calcbench on their various research projects.

Read the interview with Rani Hoitash

Calcbench in Analyst Reports

Morgan Stanley's timely report highlights how Biden's proposal could impact technology companies. Thank you to the GVAT team for citing us. 

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