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

Wednesday, October 17, 2018
Interesting Data on Interest Income

Thursday, October 11, 2018
The Decline of Sears in Three Charts

Archive  |  Search:
Tracking Disclosure of Hurricane Damage
Monday, October 16, 2017

The hurricanes that have battered Puerto Rico, Texas, and Florida this fall are material events for many companies. Employees may be unable to return to work; physical facilities may be in ruins; insurance payouts might blow apart carefully planned balance sheets.

How material will hurricane damage be? We don’t yet know the full picture. But already some companies are giving an early picture in their disclosures, and Calcbench subscribers can find that data with a few keystrokes.

For example, Delta Airlines took a $120 million hit to pre-tax income in third-quarter 2017 due to disruptions that hammered its hub in Atlanta and lucrative routes across the Caribbean. Lennar Corp., a home builder, said on Sept. 14 that Hurricane Irma will probably push delivery of 700 homes in the Florida market from fourth-quarter 2017 into early 2018. Azz Inc., a maker of coatings for the electrical industry, lowered expectations for its industrial products line because both hurricanes idled its factors across the South for days.

As of Oct. 15, Calcbench counted 13 companies that had disclosed some sort of update to investors about hurricane damage. We will undoubtedly see more. The wildfires in California are likely to prompt more disclosures too.

How do Calcbench subscribers track what filers are saying? Easy.

Start at the Interactive Disclosure Page. On the left-hand side, set the parameters for whatever group of companies you want to search. (We searched the “whole universe” of filers to find the 13 companies mentioned above.) On the right-hand side, select the “Calendar Year” radio button and “2017-Q3” for the “Select Calendar Year and Period” icon. Then, in the text search box on the right-hand side, just type “hurricane.”

For now, to find as many results as possible, don’t bother narrowing the type of disclosure through the drop-down menu on the left. In the fullness of time companies will probably make many, many disclosures related to the hurricanes, across multiple periods. When that happens, then you might want to restrict disclosure type to earnings release, or preliminary results, or 10-Q.

Right now, we just want to capture as many fresh results as possible. That’s how you do it.

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.