Summary
Gilead Sciences, Inc. (GILD) filed an 8-K on April 26, 2012, to report its financial results for the first quarter ended March 31, 2012. The filing includes a press release detailing these results. Gilead provided both Generally Accepted Accounting Principles (GAAP) and non-GAAP financial information, emphasizing that the non-GAAP figures are considered useful by management for operational and financial planning, and are intended to supplement the understanding of GAAP-based results. Investors are advised to review the reconciliation provided in the press release for a full understanding of the non-GAAP adjustments.
Key Highlights
- 1Gilead Sciences announced its financial results for the first quarter of 2012 via an 8-K filing on April 26, 2012.
- 2The press release detailing the Q1 2012 financial performance is attached as Exhibit 99.1.
- 3The company presented financial information on both a GAAP and a non-GAAP basis.
- 4Management believes non-GAAP financial information provides useful insights for investors.
- 5Non-GAAP figures are used internally by Gilead for operating, budgeting, and financial planning.
- 6Investors are encouraged to examine the reconciliation between GAAP and non-GAAP figures within the press release.
- 7The information furnished in this 8-K is not considered 'filed' for purposes of Section 18 of the Exchange Act.