Friday, March 22, 2019
Our New Master Class Video

Thursday, March 21, 2019
Tech Data’s Goodwill Adjustment

Tuesday, March 19, 2019
There’s Taxes, and There’s Taxes

Saturday, March 16, 2019
Adventures in Tax Cuts and Net Income

Monday, March 11, 2019
Big Moves in Goodwill, Intangible Value

Friday, March 8, 2019
CVS, Goodwill, and Enterprise Value

Thursday, February 28, 2019
Summary of Our Goodwill Research/ How-To

Wednesday, February 27, 2019
What Does ‘Other’ Mean? An Example

Thursday, February 21, 2019
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Now Streaming on Hulu: Red Ink

Thursday, February 7, 2019
Early Look at 2018 Tax Decline

Wednesday, February 6, 2019
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Thursday, January 31, 2019
Talking About Huawei Exposure

Wednesday, January 30, 2019
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Wednesday, January 30, 2019
Finding Revised Facts: Hertz Edition

Wednesday, January 23, 2019
GE Commercial Aviation Services: Bringing Numbers to Light

Monday, January 21, 2019
Differences in Earnings Releases and 10-Ks

Wednesday, January 16, 2019
The Importance of Textual Analysis

Tuesday, January 8, 2019
A Look at Climate Change Disclosures

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Exchange Rate Effects in Q3 2015
Friday, November 20, 2015

At Calcbench, we are constantly using our data and analytics to inform our clients and user community about economic events. As you know, since the beginning of the year, the US dollar has appreciated against world currencies by roughly 10% according to a Bloomberg index.

As the third quarter filing season comes to a close, we are able to catch a glimpse of how this directly affects US Corporations. Below is a chart that shows the 3rd quarter losses of the 8 industries that lost the most (in aggregate). As you can see, Pharma Prep and Motor Vehicles and Electronics lost the most in dollar terms, but the pharma losses are spread among 18 firms whereas motor vehicles only has 3.  Electronic Equipment is also suffering with 2 firms in the sample, but only one General Electric, contributes with a $630 Million loss.    

Below is a list of the top 10 firms that have the most significant currency impact to their foreign cash because of a strong US dollar. Now try doing that without XBRL!

Company Rptd Exchange Rate Effect (USD) SharesOutstanding Currency Impact to Cash Per Share
Abbott Laboratories -$99,000,000 1,491,719,891 -$0.07
AbbVie Inc. -$21,000,000 1,634,746,917 -$0.01
Celgene Corp /DE/ -$10,400,000 785,654,567 -$0.01
Johnson & Johnson -$299,000,000 2,766,943,629 -$0.11
Lilly Eli & Co -$16,100,000 1,108,076,549 -$0.01
Merck & Co., Inc. -$85,000,000 2,793,543,137 -$0.03
Mylan N.V. -$23,900,000 491,747,016 -$0.05
PERRIGO Co plc -$10,100,000 146,400,000 -$0.07
Pfizer Inc -$84,000,000 6,173,001,952 -$0.01
Zoetis Inc. -$10,000,000 498,333,086 -$0.02

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