June 03, 2021

Ashley Blevins, Calcbench

A next-generation financial data platform designed for outperformance. With Calcbench analysts can get behind the data with systematized, real-time access to all the text and numbers in 10-Ks, 10-Qs, Earnings Press Releases, Proxy Statements, and more.

Growth Capex, Maintenance Capex, and PP&E Numbers

Why should you care about PPE? Our guest blogger, Jason Voss, CFA using Google and Apple as examples, shows how you can draw numerous conclusions about growth capex and maintenance capex using the details of PP&E disclosures.

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More from Ashley Blevins

Ashley Blevins, Calcbench

Some Comments on SEC Comment Letters

How one firm got called out by the SEC for reporting the value of its bitcoin holdings in earnings releases. Our recent report is part of our series on comment letters and why you should care. We look at MicroStategy's use of a non-GAAP metric that ...

Feb 02, 2022

Ashley Blevins, Calcbench

SG&A Costs: Onward & Upward

In this inflationary environment, how fast are overhead costs rising? A look at Sales General and Admin costs over time finds these costs are rising more rapidly today than they were pre-pandemic, but not by all that much. For details visit: ...

Jan 04, 2022

Ashley Blevins, Calcbench

10-Q Filings: They’re Up, Thanks to SPACs

For around 20 years the number of publicly traded firms on U.S. markets has dwindled. That trend has recently reversed due to SPACs filings. How many SPACs filed 10-Qs? What other SIC codes have large 10-Q filing increases from 2020 to 2021? Find the ...

Nov 30, 2021

Ashley Blevins, Calcbench

Charting the Cost of Revenue

With everyday talk of supply chain constraints, Calcbench decided to look under the covers of 341 S&P 500 firms to understand how the cost of revenue has changed over time. Plus, in our recent blog , we share the 10 firms with the largest cost of ...

Nov 10, 2021

Ashley Blevins, Calcbench

Digging Up Data on Drug Revenues

Calcbench explores the pharma industry using our nifty Segments, Rollforwards and Breakouts tool. Get blockbuster drug revenue, see which manufacturers are benefiting the most from drugs grossing $1M+ in sales, use our free Excel template to dig into ...

Oct 14, 2021

Ashley Blevins, Calcbench

For Small S&P 500 Firms, the Squeeze Is On

Calcbench takes a look at revenue and net income by the S&P500 quintile. Here's what we found: the largest firms saw their share of revenue and net income soar during the pandemic, while the smallest 100 S&P 500 firms had a very different story. Take ...

Aug 25, 2021

Ashley Blevins, Calcbench

Will Other Tech Companies Revisit Their Servers?

Are Google and Microsoft starting a trend extending the useful life of their servers and network equipment life by a couple of years? Given similar disclosures at both firms and the significant savings achieved, analysts may consider updating their ...

Aug 09, 2021

Ashley Blevins, Calcbench

The SPAC Afterlife

We unpack de-SPACing, look at PIPEs, show how to trace SPACs from pre-acquisition to post-acquisition existence as a new operating co using our Calcbench identifier. Plus, a bonus: what industries SPACs go to when they 'die.' Like SPACs? This post is ...

Jul 26, 2021

Ashley Blevins, Calcbench

Text Search for Inflation in Earnings Reports

In ConAgra’s earnings press release (dated 7/13/21) the word inflation appears 16 times (in the first 32.7 K characters of the Item 901 document). Find out how you can pull this type of information into your documents with our latest blog. ...

Jul 20, 2021

Ashley Blevins, Calcbench

Jabil Inc's Model Reporting

A few months ago, we shared ULTA's refreshing take on reporting non-GAAP numbers. Today we have another example of great reporting, Jabil Inc. Jabil not only shares KPI numbers but also includes a description of how each metric is calculated. Nice ...

Jul 12, 2021

Ashley Blevins, Calcbench

Is It Really Earnings, or Just Financial Engineering?

CFOs control their total shares outstanding through issuance of more shares of stock and options and via share buybacks. The result: earnings per share (EPS) is a less than objective measure of performance. Guest blogger Jason Voss explores this ...

Jul 07, 2021

Ashley Blevins, Calcbench

SPACs: The Restatement Wave

A wave of restatements roiled SPACs this year when the SEC gave guidance warning that they may have been recording certain line-items incorrectly. Restatements grew 3X so far this year. We share Pershing Square Tontine Holdings and Apollo Strategic ...

Jul 05, 2021

Ashley Blevins, Calcbench

SPACs, Part II: What the Statements Look Like

A look at the largest SPAC. On Pershing Square's Tontine Holdings' balance sheet is “cash and securities held in trust account” where it parks capital raised. Pershing has $4B to spend on a target. See what else Pershing Square Tontine Holdings is ...

Jun 22, 2021

Ashley Blevins, Calcbench

SPACs, Part II: What the Statements Look Like

A look at the largest SPAC. On Pershing Square's Tontine Holdings' balance sheet is “cash and securities held in trust account” where it parks capital raised. Pershing has $4B to spend on a target. See what else $PSTH reports in Part 2 in our series ...

Jun 22, 2021

Ashley Blevins, Calcbench

Now Launching: Our SPAC-tacular Series!

Available now - our SPAC-tacular series kickoff. Like many others who follow financial news, we've been fascinated lately by SPACs. What are they, really? How many exist? How much money do they have? Hint: it's a whopper. We cover it all. ...

Jun 15, 2021

Ashley Blevins, Calcbench

Now Launching: Our SPAC-tacular Series!

Available now - our SPAC-tacular series kickoff. Like many others who follow financial news, we've been fascinated lately by SPACs. What are they, really? How many exist? How much money do they have? Hint: it's a whopper. We cover it all. ...

Jun 15, 2021

Ashley Blevins, Calcbench

A Q1 Recap - and Net Income, Wow!

Our Q1 analysis is up. We reviewed Q1 disclosures of 3,400+ non-financial firms, comparing Q1 2021 to Q1 2020. Holy smokes! Net income rose by more than 1,900%, from $16.2B a year ago to $330B+. Immerse yourself in the findings .

May 27, 2021

Ashley Blevins, Calcbench

Quite the Bargain (Gain) for Rite Aid

Negative goodwill is recorded on the income statement and appears as a negative number. We go deep into RiteAid's "bargain purchase” to find out why $RAD $89.7M acquisition of Bartell Drug was quite the deal. It's all in the footnotes.

Apr 29, 2021

Ashley Blevins, Calcbench

Non-GAAP Adjustments: A Report

Our research department is back to non-GAAP financial metrics, this time analyzing how firms in the S&P 500 reported their adjusted earnings. Here's a snippet from our findings. Click here for the full report. Non-GAAP net income reported by our ...

Apr 21, 2021

Ashley Blevins, Calcbench

One of our favorite pieces of financial data that you can access with Calcbench is the CEO pay ratio ! Plus track the CEO pay ratio numbers for a firm over time. From NBC News, CEOs make 320 times their workers . Learn how you can access CEO pay data

Apr 14, 2021

Ashley Blevins, Calcbench

Corporations Paying No Taxes

A lot has been written on big corporations paying no federal taxes. With Calcbench, find corporate tax data in just a few keystrokes. Use Calcbench for insights, such as: of the 451 S&P 500 companies that have filed 2020 10-Ks, $95.6B in federal ...

Apr 12, 2021

Ashley Blevins, Calcbench

A Tale of Two Non GAAP Adjustments

Hot off the press, a fascinating tale of two adjustments . See how retailers, Abercrombie & Fitch and Macy's, report two non-GAAP numbers to reflect the costs of COVID-19. Using our Interactive Disclosure viewer we find the details.

Apr 01, 2021

Ashley Blevins, Calcbench

Non GAAP Reconciliation

Often we're finding flaws with financial reporting. Today we're taking a different tack. All firms must reconcile non-GAAP metrics back to GAAP in any earnings releases that include the non-GAAP numbers. ULTA provides a refreshing step-by-step ...

Mar 29, 2021

Ashley Blevins, Calcbench

A Quick Review of Q4 2020

From time to time, we produce summaries highlighting the state of affairs in aggregate/ across industries. For Q4 2020 we compared 2,100 firms to Q419. The result: net income, revenue, capital & operating expenses are down. Cash is way up. See the ...

Mar 19, 2021

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