8-KEarnings & ResultsExhibits & Filings

GILEAD SCIENCES, INC. 8-K Report, Financial Results (Jan 26, 2010)

Filed January 26, 2010For Securities:GILD

Summary

Gilead Sciences, Inc. (GILD) filed a Form 8-K on January 26, 2010, to announce its financial results for the fourth quarter and full year ended December 31, 2009. The report itself is brief, primarily serving as a vehicle to attach a press release (Exhibit 99.1) containing the detailed financial information. This press release includes both Generally Accepted Accounting Principles (GAAP) and non-GAAP financial measures, with management asserting the usefulness of non-GAAP data for internal operational planning and external investor understanding. A reconciliation between GAAP and non-GAAP figures is provided within the press release.

Key Highlights

  • 1Gilead Sciences announced its Q4 and full-year 2009 financial results on January 26, 2010.
  • 2The 8-K filing's primary purpose was to incorporate by reference a press release with detailed financial results.
  • 3The press release includes both GAAP and non-GAAP financial metrics.
  • 4Management believes non-GAAP financial information offers valuable insights for investors.
  • 5A reconciliation between GAAP and non-GAAP financial figures is available in the attached press release.
  • 6The filing confirms Robin L. Washington, Senior Vice President and Chief Financial Officer, signed off on the report.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially announce and provide access to Gilead Sciences' financial results for the fourth quarter and the full fiscal year ended December 31, 2009, through an attached press release.

No, the 8-K filing itself does not contain the detailed financial statements. It references Exhibit 99.1, which is a press release containing the actual financial results and commentary.

Non-GAAP financial information excludes certain items that management believes are not indicative of Gilead's core operating performance. Gilead provides this alongside GAAP figures because management uses it internally for operating, budgeting, and financial planning, and believes it is useful for investors to supplement their understanding of the company's results.

The reconciliation between Gilead's GAAP and non-GAAP financial information is provided within the press release (Exhibit 99.1) that is attached to this 8-K filing.