Summary
Gilead Sciences, Inc. (GILD) filed an 8-K on April 16, 2008, to report its financial results for the first quarter ended March 31, 2008. The filing includes a press release detailing these results, which are presented on both a GAAP and a non-GAAP basis. Gilead's management utilizes non-GAAP measures, which exclude stock-based compensation expense, to provide additional insight into operational performance and for internal planning purposes, believing these metrics are valuable for investors when considered alongside GAAP financials. Investors should note that the information provided in this 8-K, including the attached press release, is considered furnished and not filed with the SEC for purposes of Section 18 of the Exchange Act. While this report provides a snapshot of the company's financial performance for the quarter, further details regarding specific revenue drivers, profitability, and future outlook would be found within the accompanying press release (Exhibit 99.1), which is not included in the provided text.
Key Highlights
- 1Gilead Sciences, Inc. reported its financial results for the quarter ended March 31, 2008.
- 2The company filed a Form 8-K on April 16, 2008, to announce these results.
- 3A press release detailing the financial results is attached as Exhibit 99.1.
- 4Gilead presented financial information on both GAAP and non-GAAP bases.
- 5Non-GAAP measures exclude stock-based compensation expense and adjustments to net income per diluted share calculations.
- 6Management believes non-GAAP information offers useful insights for investors and is used internally for operational and financial planning.
- 7Information furnished in this 8-K is not considered 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934.