8-KEarnings & ResultsExhibits & Filings

GILEAD SCIENCES, INC. 8-K Report, Financial Results (May 1, 2018)

Filed May 1, 2018For Securities:GILD

Summary

Gilead Sciences, Inc. (GILD) filed an 8-K on May 1, 2018, to announce its financial results for the first quarter ended March 31, 2018. The report primarily consists of a press release detailing these results, which is provided as an exhibit. Gilead offers both GAAP and non-GAAP financial information, with management viewing the non-GAAP figures as a useful supplement for investors to understand operational performance, as they are used internally for planning and budgeting. Investors are advised to review the reconciliation tables within the press release to understand the differences between GAAP and non-GAAP measures.

Key Highlights

  • 1Gilead Sciences announced its Q1 2018 financial results via an 8-K filing on May 1, 2018.
  • 2The filing's primary content is a press release (Exhibit 99.1) detailing the quarterly financial performance.
  • 3Gilead provides both GAAP and non-GAAP financial metrics for the quarter ended March 31, 2018.
  • 4Management believes non-GAAP financial information offers valuable insights for investors when viewed alongside GAAP results.
  • 5Non-GAAP measures are utilized internally by Gilead for operational, budgeting, and financial planning.
  • 6Investors should refer to the reconciliation tables within the press release for a clear understanding of GAAP vs. non-GAAP figures.
  • 7The information furnished in this 8-K is not considered 'filed' for purposes of Section 18 of the Exchange Act.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly announce Gilead Sciences' financial results for the first quarter ended March 31, 2018, through an accompanying press release.

Gilead reports its Q1 2018 financial results using both U.S. Generally Accepted Accounting Principles (GAAP) and also presents non-GAAP financial measures. They believe non-GAAP measures are useful for investors, but investors should consult the reconciliation provided in the press release.

The detailed financial results and the reconciliation between GAAP and non-GAAP measures are available in the press release filed as Exhibit 99.1 to this 8-K report, specifically on pages 7, 8, and 9 of that press release.

No, the information furnished in this Form 8-K and its exhibit is not deemed 'filed' for the purposes of Section 18 of the Securities Exchange Act of 1934, nor is it subject to the liabilities under that section. It also won't be incorporated by reference into other filings without specific language.