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Broadcom | CORRESP: CORRESP

Broadcom | CORRESP: CORRESP

博通 | CORRESP:信函
SEC announcement ·  03/07 16:32
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Broadcom Inc. responded to the U.S. Securities and Exchange Commission (SEC) on March 7, 2024, regarding concerns raised about its financial reporting. The SEC's correspondence, dated January 30, 2024, highlighted issues with Broadcom's presentation of non-GAAP financial measures in its filings. Specifically, the SEC noted that Broadcom did not give equal or greater prominence to the most directly comparable GAAP measures, such as Net Income and Net Income Margin, alongside non-GAAP measures like Adjusted EBITDA and Adjusted EBITDA Margin. Additionally, the SEC pointed out that Broadcom's non-GAAP reconciliations began with non-GAAP Net Income instead of the GAAP Net Income. Broadcom has since filed a Current Report on Form 8-K, including an earnings release for the fiscal quarter ended February 4, 2024, where it addressed the SEC's concerns by presenting GAAP measures with equal or greater prominence and beginning non-GAAP reconciliations with GAAP Net Income. The company has committed to maintaining these practices in future filings.
Broadcom Inc. responded to the U.S. Securities and Exchange Commission (SEC) on March 7, 2024, regarding concerns raised about its financial reporting. The SEC's correspondence, dated January 30, 2024, highlighted issues with Broadcom's presentation of non-GAAP financial measures in its filings. Specifically, the SEC noted that Broadcom did not give equal or greater prominence to the most directly comparable GAAP measures, such as Net Income and Net Income Margin, alongside non-GAAP measures like Adjusted EBITDA and Adjusted EBITDA Margin. Additionally, the SEC pointed out that Broadcom's non-GAAP reconciliations began with non-GAAP Net Income instead of the GAAP Net Income. Broadcom has since filed a Current Report on Form 8-K, including an earnings release for the fiscal quarter ended February 4, 2024, where it addressed the SEC's concerns by presenting GAAP measures with equal or greater prominence and beginning non-GAAP reconciliations with GAAP Net Income. The company has committed to maintaining these practices in future filings.
博通公司于2024年3月7日就其财务报告提出的担忧向美国证券交易委员会(SEC)做出了回应。美国证券交易委员会于2024年1月30日发出的信函强调了博通在其文件中提出的非公认会计准则财务指标的问题。具体而言,美国证券交易委员会指出,博通对净收入和净收入利润率等最直接可比的GAAP指标,以及调整后息税折旧摊销前利润率和调整后息税折旧摊销前利润率等非公认会计准则指标的重视程度不等于或更高。此外,美国证券交易委员会指出,博通的非公认会计准则对账从非公认会计准则净收益开始,而不是公认会计准则净收益。此后,博通提交了表格8-K的最新报告,包括截至2024年2月4日的财季财报,博通在该报告中,博通通过提交具有同等或更高重要性的GAAP指标并开始与GAAP净收益进行非公认会计准则对账来解决美国证券交易委员会的担忧。该公司已承诺在未来的文件中维持这些做法。
博通公司于2024年3月7日就其财务报告提出的担忧向美国证券交易委员会(SEC)做出了回应。美国证券交易委员会于2024年1月30日发出的信函强调了博通在其文件中提出的非公认会计准则财务指标的问题。具体而言,美国证券交易委员会指出,博通对净收入和净收入利润率等最直接可比的GAAP指标,以及调整后息税折旧摊销前利润率和调整后息税折旧摊销前利润率等非公认会计准则指标的重视程度不等于或更高。此外,美国证券交易委员会指出,博通的非公认会计准则对账从非公认会计准则净收益开始,而不是公认会计准则净收益。此后,博通提交了表格8-K的最新报告,包括截至2024年2月4日的财季财报,博通在该报告中,博通通过提交具有同等或更高重要性的GAAP指标并开始与GAAP净收益进行非公认会计准则对账来解决美国证券交易委员会的担忧。该公司已承诺在未来的文件中维持这些做法。
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