We believe that these non-GAAP
financial measures reflect an additional way of viewing aspects of our operations that, when viewed with our GAAP
results, provide a more complete understanding of factors and trends affecting our business.
financial measures have limitations as an analytical tool and should not be considered in isolation or as a substitute for Omnicell's GAAP
financial measures do not include operating or other statistics that are not financial in nature or measures that are based on GAAP
net income for the fiscal first quarter of 2011 was $10.
Investors are encouraged to review the reconciliation of these non-GAAP
measures to their most directly comparable GAAP
financial measures, which are provided in Table IV included in this press release.
While each manager's judgment may result in different but supportable views on valuation, using common guidelines consistent with GAAP
should narrow the range of these numbers.
Contracts that do not transfer significant insurance risk will not be allowed to be measured under their local GAAP
standards," said Nagari.
Now, any resulting public disclosures that include non-GAAP
measures must be accompanied by or provide the location of the related GAAP
measures and reconciliations.
In January, the SEC issued guide-lines for public companies to disclose off-balance-sheet transactions and to reconcile pro-forma reports with GAAP
, steps that will make it harder for companies to understate their assets and liabilities.
We do wish to note, however, that many taxpayers will continue to face a significant compliance burden unless the GAAP
E&P method is also available for purposes of calculating Subpart F income, particularly foreign base company sales and services income.
Wal-Mart's] financial statements were certified by E&Y as conforming to GAAP
In the first year, the GAAP
expense will exceed the cash paid by $450.