United States: Non-GAAP Financial Measures: The Latest Developments
Last Updated: September 5 2016

Thursday, September 15, 2016 12:00 p.m. – 1:00 p.m. EDT


On May 17, 2016, the SEC Staff issued updated Compliance and Disclosure Interpretations on the use of non-GAAP financial measures. The updated SEC Staff interpretations were issued at a time of increasing focus on the calculation and presentation of non-GAAP financial measures. The Staff is now closely reviewing filings and investor communications to determine if issuers are complying with the applicable rules and interpretations. This teleconference will address the following considerations with regard to non-GAAP financial measures:

An overview of the applicable non-GAAP financial measure rules;

  • Equal or greater prominence issues;
  • Identifying liquidity versus performance measures;
  • Factoring in tax effects;
  • Presentations that could be seen as potentially misleading, including measures showing the acceleration of deferred revenue; and
  • Recent SEC Staff comments on non-GAAP measures.


Scott Lesmes
Partner, Morrison & Foerster LLP

David Lynn
Partner, Morrison & Foerster LLP

To print this article, all you need is to be registered on Mondaq.com.

Click to Login as an existing user or Register so you can print this article.

Some comments from our readers…
“The articles are extremely timely and highly applicable”
“I often find critical information not available elsewhere”
“As in-house counsel, Mondaq’s service is of great value”

Press Releases from this Firm
Recent Content from this Firm
By J. Alexander Lawrence, Janie Buckley
By Robert Falk
By Joseph Gabai, Susan I. Gault-Brown
By Locke Bell
By Obrea Poindexter, Crystal Kaldjob, Amanda J. Mollo
By Richard Fischer, Obrea Poindexter, Trevor Salter
By Damien C. Specht, Ethan Marsh, Victoria Dalcourt
By James Tucker, Victoria Dalcourt
By Tessa Schwartz, Ali Zaidi
By J. Alexander Lawrence, John Delaney
Font Size: