Non-GAAP adjustments to net income appearing in the earnings releases of the S&P 100: An analysis of frequency of occurrence, materiality and rationale

Sarah J. Webber, Nancy B. Nichols, Donna L. Street and Sandra J. Cereola

Research in Accounting Regulation, 2013, vol. 25, issue 2, 236-251

Abstract: For 2005 through 2010, we examine the extent to which S&P 100 companies provide non-GAAP income measures in their annual earnings releases. Our findings provide insight into the evolving nature and magnitude of the adjusting items characteristic of non-GAAP income measures during the post-Reg G period. We find that the number of S&P 100 companies disclosing a non-GAAP income measure increases significantly from 44% to 60% during our period of study.

Keywords: Non-GAAP income measures; Pro forma earnings measures; SEC; Reg G; Item 10(e) of Regulation S-K (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (7)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:reacre:v:25:y:2013:i:2:p:236-251

DOI: 10.1016/j.racreg.2013.08.011

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