Accounting & Tax

Financial Performance

Zynga Rides Gaming Binge to Record Quarter

“We are living in unprecedented times and more people than ever before are turning to games for entertainment and a sense of community."

Matthew Heller
August 6, 2020
Financial Performance

MetLife Earnings Tumble 43% to $758M in Q2

The insurer's profit drop reflected a 13% decline in net investment income and $710 million in net derivative losses.
Tax

The Hidden Tax Obligations in Financial Restructuring

Since a restructuring always creates a taxable event, stakeholders must carefully consider where the tax liability goes and how it may impact them.
Financial Performance

BP Halves Dividend, Posts $16.8B Loss in Q2

The energy giant was forced to write down the value of exploration assets by $6.5 billion due in part to the decline in oil and gas prices.
Financial Performance

Stay-at-Home Demand Drives Apple Growth

The company reported increased third-quarter sales across all its products, with even the iPhone up more than 1% from a year ago.
Financial Performance

PayPal Crushes Estimates, Posts 25% Sales Gain

“Our record performance in the second quarter — our strongest quarter ever — reaffirms the relevance of PayPal in the unfolding digital future."
Financial Performance

GM Posts $806M Loss, 47% Drop in Sales

The automaker sees stronger sales ahead with its plants now back in production after coronavirus-related shutdowns.
Cash Flow

Metric of the Month: Uncollectable Balances as a Percentage of Revenue

It’s more important than ever to know how much bad debt your company holds.
Financial Performance

GE Beats Revenue Estimates, Reports Q2 Loss

Revenues were mainly driven by sales in the power and renewable energy divisions.
Financial Performance

Visa Profit Drops 23% as Card Spending Slows

Payments volume improved as the third quarter progressed, reflecting the easing of shelter-in-place orders in the U.S.
Financial Performance

Harley-Davidson U.S. Sales Plunge 27% in Q2

"A total rewire is necessary to make Harley-Davidson a high-performance company,” CEO Jochen Zeitz says after Harley also reported a surprise loss.
Strategy

COVID-19 Aftermath: Moving Beyond Quick Fixes to Sustainable Value Creation

What else can companies do to help drive their businesses' short-term cash flows and fund their long-term ambitions?
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