8-KEarnings & ResultsExhibits & Filings

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

Filed July 26, 2012For Securities:GILD

Summary

Gilead Sciences, Inc. (GILD) filed an 8-K on July 26, 2012, announcing its financial results for the second quarter and the first six months ended June 30, 2012. The report primarily serves to attach the press release detailing these results, which includes both Generally Accepted Accounting Principles (GAAP) and non-GAAP financial measures. Management highlighted the utility of non-GAAP figures for investors, asserting they provide additional insight for operational and financial planning purposes. Investors are encouraged to review the accompanying press release for the detailed reconciliation between GAAP and non-GAAP reporting.

Key Highlights

  • 1Gilead Sciences announced its Q2 and H1 2012 financial results via an 8-K filing on July 26, 2012.
  • 2The filing's primary purpose is to furnish the press release containing the financial results as an exhibit.
  • 3Both GAAP and non-GAAP financial information for the periods ended June 30, 2012, and June 30, 2011, were presented.
  • 4Gilead's management views non-GAAP financial information as a valuable supplement to GAAP for understanding operating results.
  • 5Non-GAAP metrics are used internally by management for operational, budgeting, and financial planning.
  • 6Investors are directed to the press release (Exhibit 99.1) for a reconciliation of GAAP and non-GAAP figures.
  • 7Information provided in this 8-K and its exhibit is not considered 'filed' for the purposes of Section 18 of the Exchange Act.

Frequently Asked Questions

The main purpose of this 8-K filing is to officially report Gilead Sciences' financial results for the second quarter and the first six months of 2012, which were detailed in a press release issued on July 26, 2012. The press release itself is attached as an exhibit.

No, this 8-K filing does not contain detailed financial statements directly. Instead, it references and attaches a press release (Exhibit 99.1) which contains the financial results and a reconciliation between GAAP and non-GAAP measures.

Gilead presents non-GAAP financial information because management believes it offers additional insights that are useful to investors. These non-GAAP measures are also used internally by management for operating, budgeting, and financial planning purposes, providing a supplementary view to the standard GAAP reporting.

You can find the specific financial numbers for Q2 2012 and the first half of 2012 by accessing Exhibit 99.1, the press release filed with this 8-K. This press release contains the detailed financial results and a reconciliation between GAAP and non-GAAP figures.