Summary
Gilead Sciences, Inc. (GILD) filed an 8-K on April 30, 2015, to announce its financial results for the first quarter ended March 31, 2015. The filing primarily directs investors to a press release (Exhibit 99.1) which contains detailed financial information, including both GAAP and non-GAAP measures. Management emphasizes that the non-GAAP information, which they use for internal operational and planning purposes, should be viewed as supplemental to, and not a replacement for, their GAAP-reported results.
Key Highlights
- 1Gilead Sciences announced its Q1 2015 financial results on April 30, 2015.
- 2The 8-K filing primarily serves to attach the press release containing the financial results.
- 3Both GAAP and non-GAAP financial measures for Q1 2015 and Q1 2014 are provided in the press release.
- 4Management considers non-GAAP financial information useful for investors, alongside GAAP results.
- 5Non-GAAP financial measures are used internally by Gilead for operational, budgeting, and financial planning.
- 6A reconciliation between GAAP and non-GAAP figures is available on pages 6-7 of the press release.
- 7Information furnished in this 8-K and exhibit is not considered 'filed' under Section 18 of the Exchange Act.