8-KEarnings & ResultsExhibits & Filings

GILEAD SCIENCES, INC. 8-K Report, Financial Results (Apr 26, 2012)

Filed April 26, 2012For Securities:GILD

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.

Frequently Asked Questions

The main purpose of this 8-K filing is to announce Gilead Sciences' financial results for the first quarter ended March 31, 2012, through an accompanying press release.

Yes, Gilead provided financial information for the first quarter of 2012 and 2011 on both a GAAP basis and a non-GAAP basis.

The detailed financial results and the reconciliation between GAAP and non-GAAP figures are provided in the press release issued by Gilead on April 26, 2012, which is filed as Exhibit 99.1 to this 8-K report.

This statement means that the information provided in this specific 8-K filing and its exhibit are not subject to the liabilities of Section 18 of the Securities Exchange Act of 1934, nor are they automatically incorporated by reference into other securities filings. It's a standard disclaimer for certain types of furnished information.