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
Another Tale, Buried in the Footnotes

Wednesday, February 13, 2019
Low Latency Calcbench

Monday, February 11, 2019
Now Streaming on Hulu: Red Ink

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

Wednesday, February 6, 2019
You Revised WHAT, Netflix?

Thursday, January 31, 2019
Talking About Huawei Exposure

Wednesday, January 30, 2019
Another Discrepancy in Reported Numbers

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

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.