Tuesday, June 18, 2019
Popping the Lid on Smuckers’ Goodwill

Tuesday, June 11, 2019
Not Much Fizz in LaCroix Right Now

Wednesday, May 29, 2019
An Example of Calcbench, Excel, and Insight

Monday, May 20, 2019
Research Paper: Capex Spending

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

Archive  |  Search:

Friday’s (8/1) edition of the Wall Street Journal carried an article entitled Record Cash, Record Debt   by Ted Mann and Theo Francis.  The authors worked with Calcbench in order to obtain data for their article.  Included in the dataset were Unremitted Foreign Earnings and Debt levels across the entire US filing universe. 

The objective of the authors was to identify firms with increasing overseas earnings and increasing debt levels.  The results are fairly straightforward, defer taxes on overseas earnings, borrow cheaply against the overseas earnings, invest where you can make more, and as an added kicker, take a deduction on the interest paid on the debt.  It looks like a corporate win-win.  Francis and Mann found more than 200 US firms used this technique effectively in 2013 (Francis, Mann, WSJ).

Firms and investors have been executing carry trades like this forever, but using tagged financials will help identify patterns more quickly.  This in turn moves away from anecdotal evidence into the realm of hard fact.  Anyone with the remotest of interest in economics or finance should be running to get at this information. 

Why did the authors at one of the most prestigious newspapers in the world come to Calcbench?  They couldn’t get the data anywhere else. 

The takeaway for users is that just like our friends at the WSJ used Calcbench, so can you.  Sign up today!

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.