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

Wednesday, January 2, 2019
Quants: Point-in-Time Data for Backtesting

Friday, December 28, 2018
Now Showing: Controls & Procedures

Thursday, December 27, 2018
A Reminder on Non-GAAP Reporting Rules

Monday, December 17, 2018
Researching PG&E’s Wildfire Risk

Wednesday, December 12, 2018
Tracking Brexit Disclosures

Thursday, December 6, 2018
Campbell Soup: Looking Behind the Label

Sunday, December 2, 2018
SEC Comment Letters: The Amazon Example

Wednesday, November 28, 2018
Measuring Big Pharma’s Chemical Dependency

Monday, November 26, 2018
Analysts, Can You Relate? A True Story

Monday, November 19, 2018
Digging Up Historical Trend Data: Quest Example

Sunday, November 11, 2018
Cost of Revenue, SG&A: Q3 Update

Monday, November 5, 2018
Lease Accounting: FedEx vs. UPS

Saturday, November 3, 2018
New Email Alerting Powers

Wednesday, October 31, 2018
PTC and Two Tales of Revenue

Tuesday, October 30, 2018
10-K/Q Section Text Change Detection

Sunday, October 28, 2018
Finding Purchase Price Allocation

Sunday, October 21, 2018
Charting Netflix Growth in Three Ways

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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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