8-KEarnings & ResultsExhibits & Filings

GILEAD SCIENCES, INC. 8-K Report, Financial Results (Apr 22, 2014)

Filed April 22, 2014For Securities:GILD

Summary

Gilead Sciences, Inc. (GILD) filed an 8-K on April 22, 2014, to announce its first-quarter financial results for the period ending March 31, 2014. The report primarily directs investors to a press release (Exhibit 99.1) containing detailed financial information, including both GAAP and non-GAAP figures. Management emphasizes the usefulness of non-GAAP metrics for understanding operational performance, as these are used internally for planning and budgeting. While the 8-K itself does not contain the specific financial figures, it confirms the release of these results and highlights Gilead's practice of providing supplemental non-GAAP information. Investors are encouraged to review the attached press release for a comprehensive understanding of the company's financial condition and results of operations for the quarter, including reconciliations between GAAP and non-GAAP measures.

Key Highlights

  • 1Gilead Sciences announced its Q1 2014 financial results on April 22, 2014.
  • 2The results are detailed in a press release filed as Exhibit 99.1 to the 8-K.
  • 3Gilead presented both GAAP and non-GAAP financial information for the quarter.
  • 4Management believes non-GAAP figures offer useful insights for investors and are used internally for operational planning.
  • 5A reconciliation between GAAP and non-GAAP financial data is available in the press release.
  • 6The information furnished in the 8-K and exhibit is not considered 'filed' for certain SEC liabilities.

Frequently Asked Questions

The specific financial results for the quarter ended March 31, 2014, are provided in the press release filed as Exhibit 99.1 to this 8-K filing.

Gilead presents non-GAAP financial information as a supplement to its GAAP results. Management uses these non-GAAP figures internally for operating, budgeting, and financial planning, believing they provide a useful perspective on the company's performance. Investors should refer to the press release for the reconciliation between GAAP and non-GAAP measures.

No, this 8-K filing primarily serves to announce the release of the Q1 2014 financial results and directs investors to the accompanying press release (Exhibit 99.1) for the detailed financial statements and figures.