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75% of S&P 100 report non-GAAP earnings, study shows

Tammy Whitehouse | April 13, 2016

Three-fourths of companies in the S&P 100 reported non-GAAP earnings in 2013, exceeding their reported GAAP earnings by an average of 12 percent points, according to a recent study.

The Georgia Tech Financial Analysis Lab studied the reconciliations of GAAP and non-GAAP net income for the S&P 100 in their 2013 filings to determine the nature and effect of the adjustments they made to derive non-GAAP figures. The study found 75 of the 100 companies reported non-GAAP earnings, with 48 companies making adjustments as a result of gains or losses due to non-recurring events. Income taxes gave rise to 30 adjustments, and 27 adjustments arose from restructuring and productivity-related charges.

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