The use of non-GAAP financial measures — a disclosure guide

Companies commonly supplement their reported earnings under U.S. generally accepted accounting principles (GAAP) with non-GAAP financial measures that they believe more accurately reflect their results or financial position or that are commonly used in their industry. The SEC permits companies to present non-GAAP financial measures in public disclosures as well as registration statements and periodic reports, subject to compliance with Regulation G and Item 10(e) of Regulation S-K.