Creating a Compelling IPO Roadshow Presentation

When you are competing for capital in a traditional IPO or a SPAC-related PIPE transaction, you only have one chance to make a first impression. The stakes are high and hanging in the balance is access to the capital you need to scale your company and accelerate your industry leadership. Are you ...

By Moira Conlon • July 15, 2021

Delta Posts $652M Profit on Surging Demand

Delta Air Lines broke a streak of five straight money-losing quarters, benefiting from federal aid and the recovery in demand as the economy reopens.For the second quarter, Delta posted a profit of $652 million. Excluding the $1.5 billion in federal aid and other one-time items, it lost $1.07 per...

By Matthew Heller • July 14, 2021

Explore the Trendline➔

Tax policy shifts: What CFOs need to know to stay ahead

Discover how evolving tax policies are creating new opportunities and challenges for CFOs.

By CFO.com staff

Apple Working on ‘Buy Now, Pay Later’ Plan

Apple is working on a plan to offer a “buy now, pay later” product in partnership with Goldman Sachs, Bloomberg reported on Tuesday.What Happened: The new service, known internally as Apple Pay Later, will allow consumers to pay for any Apple Pay purchase in installments and rivals similar servic...

By Lauren Muskett • July 14, 2021

Why Cryptocurrency Transactions Matter

With the price of bitcoin in the headlines daily and Tesla very publicly making major investments in cryptocurrencies, CFOs may be wondering if there is an opportunity here for their organization.While it’s certainly not for everyone, there are certain circumstances in which some limited involvem...

By Justin Wilcox • July 14, 2021

Drinks Lead Big Second Quarter for PepsiCo

PepsiCo shares jumped to a record high on Tuesday after the company easily beat quarterly earnings estimates and raised its full-year outlook.PepsiCo’s net sales for the second quarter rose 20.5% to $19.22 billion as the reopening of the economy fueled restaurant demand for its drinks. Net income...

By Matthew Heller • July 14, 2021

Microsoft Agrees to Buy Cybersecurity Firm RiskIQ for $500M

Microsoft will pay more than $500 million in cash to buy San Francisco cybersecurity software company RiskIQ, Bloomberg reported on Sunday, citing people familiar with the matter.What Happened: The privately-held RiskIQ makes software for detecting online security threats that can be used by corp...

By Lauren Muskett • July 13, 2021

Your Business Survived the Pandemic – Now What?

No one was prepared for the devastating impacts of the COVID-19 pandemic. Thankfully, the U.S. government acted to provide businesses and individual workers with a much-needed lifeline. Economic stimulus programs such as the Coronavirus Aid, Relief, and Economic Security (CARES) Act, the Heroes A...

By Cynthia Romano and Kevin Clancy • July 13, 2021

Elon Musk to Testify Over Tesla’s $2.6B SolarCity Buy

Tesla CEO Elon Musk will testify about the electric vehicle maker’s $2.6 billion acquisition of solar panel company SolarCity in a shareholder lawsuit on Monday, the Associated Press reported.What Happened: The lawsuit alleges that the acquisition failed to deliver the profits promised by Musk an...

By Lauren Muskett • July 12, 2021

Preparing for Shareholder Activism

The question that CFOs should consider asking themselves: “How would I describe the company’s performance to shareholders if I were an activist, and what actions would I propose to potentially increase shareholder value?”  For CFOs of publicly traded companies, it’s never been more important to p...

By Lauren Muskett • July 12, 2021

Will Public Company ESG Disclosures Come From Shareholders or Regulators?

Creighton Meland owns shares in a California-based company that markets airport security systems and metal detectors. Like all public company shareholders, Meland periodically has the opportunity to vote for or against nominees to the company’s board of directors, who will presumably steer the co...

By Lauren Muskett • July 9, 2021

CFOs On the Move: Week Ending July 9

Kevin Brackman Advent Technologies appointed Kevin Brackman as its new finance chief. Brackman most recently served as CFO of Myers Industries. Before his promotion to CFO in 2018, he was Myers’ chief accounting officer and corporate controller. Before that, he was director of financial planning ...

By Lauren Muskett • July 9, 2021

EU Fines BMW, Volkswagen $1B Over Delaying Clean Emissions Technology

The European Union has imposed approximately $1 billion in fines on BMW and Volkswagen AG for a collusion scheme designed to slow the introduction of AdBlue emissions-cleaning technology.What Happened: BMW will pay approximately $422.3 million and Volkswagen will pay about $595.3 million in their...

By Lauren Muskett • July 8, 2021

How Much Industry Experience Does Your New CFO Need?

While exceptions can be made, industry experience matters more for upper-level finance hires than for other hires in an organization.Ask any group of talent acquisition professionals how essential industry experience is when hiring senior to C-level finance talent, and you get responses ranging f...

By Yasmine O’Brien • July 8, 2021

Evaluating Employer Health Plan Costs Post-Pandemic

When it comes to health plan cost calculations for firms over the next year, consider these four major coronavirus-related factors. How demographics of the specific employee pool may affect cost. Which types of treatments for elective-deferral-related illnesses employees are likely to pursue now ...

By Lauren Muskett • July 7, 2021

Nextdoor Lands SPAC Deal With Khosla

A social media platform that connects people living in the same neighborhoods announced a SPAC merger to help fund expansion plans.The SPAC Deal: Nextdoor announced a deal with Khosla Ventures Acquisition Co. II that values the company at a pro forma equity value of $4.3 billion.A PIPE of $270 mi...

By Lauren Muskett • July 6, 2021

Metric of the Month: Personnel Cost of Finance

Costs are rising across the board as the U.S. economy continues to move forward from a short but deep recession, and labor costs are no exception to this trend. Many employees who kept their jobs in 2020 were happy to stay put, but 2021 is a new year and the labor market is much more competitive....

By Perry D. Wiggins • July 6, 2021

CFOs On the Move: Week Ending July 2

Ronald Kisling Fastly appointed Ronald Kisling chief financial officer. Kisling joins the cloud computing service provider from Google, where he was CFO of Fitbit. Kisling joined Fitbit in 2014 and served as chief accounting officer before taking over as finance chief. Kisling has held chief fina...

By Lauren Muskett • July 2, 2021

NYCE Breaks Crowdfunding Record, Announces IPO

NYCE formally announced Wednesday a record-breaking $1.31-million raise, as well as the signing of a deal to go public with blockchain-powered alternative trading system tZero Group, a subsidiary of Medici Ventures, the venture capital arm of Overstock.com.What Happened: In light of the pandemic,...

By Lauren Muskett • July 1, 2021

CFOs Being Cautious With Balance-Sheet Cash

The U.S. economic rebound has boosted many U.S. companies’ cash and short-term investment holdings. The Association for Financial Professionals’ survey of 327 corporate treasury and finance professionals found that 47% reported an increase in their organizations’ cash and short-term investments. ...

By Vincent Ryan • June 28, 2021

Cannabis Companies Winning Lower Priced Debt Deals

Cannabis companies are posting robust sales growth and, in doing so, winning better debt deals.Legal U.S. cannabis sales surpassed $17.5 billion in 2020, a 46% spike from 2019, according to Canaccord Genuity. Analysts at Cowen estimate annual legal sales will reach $41 billion by 2025.In Californ...

By Vincent Ryan • June 24, 2021

The Skill That Can Make or Break a CFO’s Career

Of the many vitally important roles and responsibilities of a chief financial officer, the ability to deliver compelling financial presentations would likely not make the top five. But as many CFOs would attest, these presentations can make or break careers. Deliver a compelling and persuasive pr...

By Rob Morhaim • June 21, 2021

Working Capital Scorecard: Inventories, Receivables Need Attention

Post-COVID-19, the future of working capital management has changed. Last year, supply chain complexity, inventory buffers, and loss of negotiating power all crimped many companies’ ability to reduce their working capital effectively. The height of the pandemic in 2020 also exposed weaknesses in ...

By Ramona Dzinkowski • June 21, 2021

CFOs On the Move: Week Ending June 18

Kate Jaspon Inspire Brands, the parent company of Arby’s, Buffalo Wild Wings, and Dunkin’, named Kate Jaspon as its new finance chief. Jaspon was previously chief financial officer of recently acquired Dunkin’ Brands. She joined Dunkin’ Brands in 2005 as assistant controller and was later promote...

By Lauren Muskett • June 18, 2021

GM Anticipates Up to $3B Hit from Chip Shortage, Inflation

General Motors said on Wednesday the ongoing semiconductor shortage and rising commodity inflation could bring in a $2 billion to $3 billion headwind in the second half of the year.What Happened: The number one U.S. automaker expects chip shortage to continue in the second half of 2021 with the t...

By Lauren Muskett • June 17, 2021

Working Capital Scorecard: A Tumultuous Year

Shortfalls in revenues, curtailed or redirected customer demand, liquidity pressures, receivables collection headaches  — on the working capital front, 2020 put finance departments to the test.  How did the largest U.S. companies perform overall?Many, especially those with market clout, improved ...

By Vincent Ryan • June 17, 2021