Non-GAAP Reporting Lessons For Energy Companies

Law360, New York (February 16, 2017, 11:53 AM EST) -- Bill Nelson

Bruce Newsome

Kristina Trauger In May 2016, the Division of Corporation Finance of the U.S. Securities and Exchange Commission added new compliance and disclosure interpretations, or C&DIs, to the existing catalog of C&DIs that addresses disclosures of “non-GAAP financial measures.”[1]

Non-GAAP financial measures are numerical metrics of a registrant’s historical or future financial performance, financial position or cash flows that in various degrees adjust amounts calculated and presented in accordance with U.S. generally accepted accounting principles, or GAAP. They are used by companies to...
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