Thursday, May 16, 2019
Psst: Got Any Weed?

Wednesday, May 15, 2019
Open Letter: SEC Proposed Rule for BDCs

Friday, May 10, 2019
General Motors and Workhorse

Monday, May 6, 2019
How to Find Earnings Release Data

Tuesday, April 23, 2019
Following Restructuring Costs Over Time

Monday, April 22, 2019
Capex Spending: More Than You Might Think

Saturday, April 13, 2019
When AWS Takes Over the World

Thursday, April 11, 2019
Data Trends in Focus: Restructuring Costs

Sunday, April 7, 2019
How One Customer Crushed It With Calcbench

Thursday, April 4, 2019
TJX Shows Complexity of Leasing Costs Reporting

Tuesday, April 2, 2019
CEO Pay Ratios: Some 2018 Thoughts

Wednesday, March 27, 2019
Corporate Spending: Where It Goes, 2017 vs. 2018

Monday, March 25, 2019
Health Insurers: A Bit Winded?

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

Archive  |  Search:
How to See Revised Facts From a Filer
Wednesday, October 26, 2016

Revisions are a part of life, and they are part of corporate financial filings too. Calcbench respects that, and we have a feature in our databases to let you see when companies revise their numbers.

Just to be clear, we aren’t talking about material restatements of financial data—you know, the ones that get CFOs fired and give investors heartburn. Today we’re talking about small revisions of reported numbers, which you can identify using our Highlight Revised Facts feature.

The Revised Facts feature is available on the upper left-hand side of our Company-in-Detail page. Basically, you can view any company’s filings on that page, and you’ll see a tab saying “Highlight Revised Facts” with a number in parentheses after it. If revised facts are there to see, you can click on that tab and those facts will appear as—wait for it—highlighted text. If the filing has no revised facts, the number in parentheses will be zero and you won’t be able to activate the tab.

To illustrate what we mean, consider Alliance Data Systems. We pulled up its 2015 balance sheet and then used the Highlight Revised Facts feature, in Figure 1 below circled in red.

As you can see, ADS revised a lot of facts on its 2015 balance sheet. For any of those highlighted numbers, you can also see a small plus sign immediately to the right of the number. Click on that, and you can see the revision history: original amount reported, then the revised amount and date of revision.

That deferred tax liability of $631.5 million, for example—we can see that the original number, reported on Feb. 25, was $631.51 million. ADS then revised that amount downward by $10,000 in May. Or net intangible assets, now worth $1,203,700,000; we can see that the original amount, reported on Feb. 25, was $45,000 greater. (See Figure 2 for the intangibles example, below.)

Companies can have revised facts on any financial statement. The Highlight Revised Facts tab will always appear for every statement you see, so you can always confirm whether any facts have been changed.

Remember One Thing

One important caveat: the Highlight Revised Facts feature only works when another feature, the Point in Time, is turned off. You can see the Point in Time setting at the top of your displayed results. (In Figure 1, above, Point in Time is circled in blue.)

The Point in Time feature is turned off by default, which therefore means the Highlight Revised Facts is also turned on by default. When Point in Time is off, you see the most current numbers available—hence the need to see which of those numbers have been revised after the original filing was made.

You can turn on the Point in Time feature, too. Then you see the numbers originally reported in whatever filing you are looking at, and only those numbers. Any subsequent revisions aren’t shown, and hence the Highlight Revised Facts feature will shift to zero.

If you need some practice to understand both features fully, just try toggling back and forth between Point in Time from “on” to “off,” and watch how the Revised Facts tab changes.

Then you can burrow into a filer’s errors and corrections as much as you need.

FREE Calcbench Premium
Two Week Trial

Research Financial & Accounting Data Like Never Before. More features and try our Excel add-in. Sign up now to try the Premium Suite.