Summary
Gilead Sciences, Inc. (GILD) announced its first-quarter 2017 financial results on May 2, 2017, via a press release filed as part of an 8-K report. The company presented its results using both Generally Accepted Accounting Principles (GAAP) and non-GAAP measures, emphasizing that the non-GAAP figures are provided to offer additional insight for investors and are used internally for operational planning and financial budgeting. Investors should review the detailed reconciliation provided in the press release to fully understand the differences between GAAP and non-GAAP reporting. While this filing primarily serves to present the press release, it indicates the company's commitment to transparency regarding its financial performance for the quarter ended March 31, 2017.
Key Highlights
- 1Gilead Sciences filed an 8-K report on May 2, 2017, to announce its Q1 2017 financial results.
- 2The company released its financial results for the quarter ended March 31, 2017.
- 3Both GAAP and non-GAAP financial measures were presented for the first quarter of 2017 and 2016.
- 4Management believes non-GAAP information is useful for investors and is used internally for operating, budgeting, and financial planning.
- 5A reconciliation between GAAP and non-GAAP financial information is available in the press release (Exhibit 99.1).
- 6The press release filed as Exhibit 99.1 contains the detailed financial results.
- 7Information in this Form 8-K and its exhibit is not deemed 'filed' for purposes of Section 18 of the Exchange Act or incorporated by reference into other filings.