8-KEarnings & ResultsExhibits & Filings

GILEAD SCIENCES, INC. 8-K Report, Financial Results (Feb 11, 2025)

Filed February 11, 2025For Securities:GILD

Summary

Gilead Sciences, Inc. (GILD) has filed an 8-K report on February 11, 2025, to announce its financial results for the fourth quarter and full year ended December 31, 2024. The report primarily directs investors to an accompanying press release (Exhibit 99.1) which contains the detailed financial outcomes and management's commentary. Investors should note that Gilead provides both GAAP and non-GAAP financial measures, with management believing the non-GAAP figures offer valuable insights into operational performance for internal planning and budgeting purposes. While specific figures are not detailed within the 8-K itself, the filing indicates that the press release includes a comprehensive reconciliation between GAAP and non-GAAP financial information. This reconciliation is crucial for investors seeking to understand the nuances of Gilead's financial reporting. The information provided in this 8-K, including the press release, is furnished and not deemed "filed" for purposes of Section 18 of the Exchange Act, meaning it does not carry the same liability as a formally filed document.

Key Highlights

  • 1Gilead Sciences (GILD) released its Q4 and full-year 2024 financial results on February 11, 2025, via an 8-K filing.
  • 2The primary details of the financial results are contained within an accompanying press release (Exhibit 99.1).
  • 3The company reports financial results using both U.S. GAAP and non-GAAP measures.
  • 4Management considers non-GAAP financial information useful for understanding operational performance and for internal planning.
  • 5A reconciliation between GAAP and non-GAAP figures is provided in the press release.
  • 6The information furnished in this report is not considered "filed" under Section 18 of the Exchange Act.

Frequently Asked Questions

The detailed financial results are available in the press release filed as Exhibit 99.1 to this 8-K filing. You should refer to that document for specific figures and management's analysis.

Yes, Gilead presents its financial information in accordance with U.S. generally accepted accounting principles (GAAP) and also on a non-GAAP basis. Management believes the non-GAAP measures are useful for investors.

The press release (Exhibit 99.1) includes a reconciliation between Gilead's GAAP and non-GAAP financial information on pages 11, 12, and 13. This reconciliation is important for a complete understanding of their reported results.

No, the information in Item 2.02 and Item 9.01 of this Form 8-K, including the press release, is furnished and not deemed 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, as amended. This means it does not carry the same liability as a formally filed document under that section.