Summary
This 8-K filing by Gilead Sciences, Inc. (GILD) on October 27, 2011, primarily serves to announce the company's financial results for the third quarter ended September 30, 2011, via an attached press release (Exhibit 99.1). Investors can find details on both GAAP and non-GAAP financial performance, which management utilizes for internal planning and operational insights. The company emphasizes that the non-GAAP financial information, while considered useful for supplemental understanding, is not prepared under comprehensive accounting rules and should be viewed alongside the official GAAP financial statements. A reconciliation between the two reporting methods is provided within the press release, offering transparency on any adjustments made. This filing is a standard procedure to inform stakeholders of recent financial outcomes.
Key Highlights
- 1Gilead Sciences announced its third quarter financial results for the period ending September 30, 2011.
- 2The company released its financial results via a press release filed as Exhibit 99.1 to the 8-K.
- 3Both Generally Accepted Accounting Principles (GAAP) and non-GAAP financial information were presented.
- 4Management utilizes non-GAAP financial measures for internal operating, budgeting, and financial planning.
- 5Investors are advised that non-GAAP information is supplemental and should be considered with GAAP results.
- 6A reconciliation between GAAP and non-GAAP financial figures is available in the press release.
- 7The filing is dated October 27, 2011, with the event date also being October 27, 2011.