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June 2020 Insider

As summer arrives we now have reams of corporate filings from Q1, filled with information about how Covid-19 has affected business performance. This month we take a deep dive into impairments, rent payments and restaurants; plus a look at how quickly companies go from earnings release to 10-Q filing.

Get Behind the Data,
The Calcbench Team

Covid-19 Disclosures

Here come the impairments. Asset impairments were always going to be one result of Covid-19, and first quarter filings proved that out. Calcbench examined 51 firms that declared $61.4 billion in asset impairments in Q1 (more firms have declared since then, rest assured). One firm even booked $48 million in goodwill in January and then impaired $20.2 million of the same asset six weeks later.  
Read more
Numerous retailers and other firms have stopped paying rent during the Covid-19 crisis. We were curious what their landlords are saying about rental income, so we examined the disclosures of a few large Real Estate Investment Trusts to get the data.  
See what they had to say

Photo by Andrew Seaman on Unsplash

Few industries have suffered as much during the Covid-19 crisis as restaurants, so Calcbench devoted a series of posts to analyzing what those filers have been saying. At the end of May we launched our own Restaurant Week, examining… 

Geeking Out on the Data

One disclosure detail we like to follow is the time between a company's earnings announcement and when that firm files its subsequent 10-Q. We recently reviewed filing times among 400 firms in the S&P 500, and found that a solid majority file the 10-Q within 24 hours of the earnings release, or even on the same day.  
See which firms file fastest
This month we chat with Leslie Robinson, an accounting professor at Dartmouth College Tuck School of Business, about how she uses Calcbench as a tool for her own research and as an instructional aid in the classroom.  Read the interview.
Our new Corporate Finance how-to video is live. Watch now

We would love to hear from you. Send your feedback to us@calcbench.com

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