Summary
Gilead Sciences, Inc. (GILD) filed an 8-K on October 29, 2013, to report its financial results for the third quarter ended September 30, 2013. The filing includes a press release announcing these results, providing both GAAP and non-GAAP financial measures. Management believes the non-GAAP presentation is valuable for investors as it offers insights into internal operational and financial planning, complementing the standard GAAP reporting.
Key Highlights
- 1Gilead Sciences announced its Q3 2013 financial results via an 8-K filing on October 29, 2013.
- 2The report includes financial information presented on both a GAAP and non-GAAP basis.
- 3Management utilizes non-GAAP measures internally for operational, budgeting, and financial planning.
- 4Investors are advised to consider non-GAAP information alongside GAAP financial statements.
- 5A reconciliation between GAAP and non-GAAP figures is available in the press release (Exhibit 99.1).
- 6The press release was issued on October 29, 2013, detailing results for the quarter ending September 30, 2013.
Frequently Asked Questions
The main purpose of this 8-K filing is to report Gilead Sciences' financial results for the third quarter ended September 30, 2013, and to provide the accompanying press release.
Gilead presents non-GAAP financial information because management finds it useful for investors, as it aligns with how they internally manage the business for operating, budgeting, and financial planning purposes. It's intended to supplement, not replace, the standard GAAP reporting.
A reconciliation between Gilead's GAAP and non-GAAP financial information can be found on pages 7 and 8 of the press release, which is filed as Exhibit 99.1 to this 8-K report.