8-KEarnings & ResultsExhibits & Filings

GILEAD SCIENCES, INC. 8-K Report, Financial Results (Feb 2, 2016)

Filed February 2, 2016For Securities:GILD

Summary

Gilead Sciences, Inc. (GILD) filed an 8-K on February 2, 2016, announcing its financial results for the fourth quarter and full year ended December 31, 2015. The press release, filed as Exhibit 99.1, provides both GAAP and non-GAAP financial information, with management emphasizing the utility of non-GAAP metrics for internal operational and financial planning purposes. Investors are advised to consider this non-GAAP data alongside the company's official GAAP financial statements. A detailed reconciliation between GAAP and non-GAAP figures is available on pages 8 and 9 of the press release.

Key Highlights

  • 1Gilead Sciences announced fourth quarter and full year 2015 financial results on February 2, 2016.
  • 2The company provided both GAAP and non-GAAP financial metrics.
  • 3Non-GAAP financial information is presented to supplement understanding of operating results, as management uses it for internal planning.
  • 4A reconciliation between GAAP and non-GAAP financial data is included in the press release.
  • 5The press release is filed as Exhibit 99.1 to the 8-K filing.
  • 6Information provided in the 8-K and exhibit is not considered 'filed' for Section 18 of the Exchange Act.

Frequently Asked Questions

The primary purpose of this 8-K filing is to announce Gilead Sciences' financial results for the fourth quarter and the full fiscal year ended December 31, 2015. It includes a press release containing these results.

Gilead presents non-GAAP financial information because management believes it provides additional useful insights for investors, as these are the metrics used internally for operating, budgeting, and financial planning. However, investors should use this non-GAAP data to supplement, not replace, the understanding gained from GAAP-reported financial statements.

A reconciliation between Gilead's GAAP and non-GAAP financial information is provided on pages 8 and 9 of the press release, which is attached as Exhibit 99.1 to this 8-K filing.

This 8-K filing itself does not contain the specific financial performance figures. It refers investors to the press release (Exhibit 99.1) for the detailed financial results of the fourth quarter and full year ended December 31, 2015.