Why are Trefis historicals for a company different in some cases than what is reported?
1 – Calendarization Trefis calendarizes the historical financials of companies that have non-December fiscal year ends. Calendarization involves adjusting the fiscal year financials of a company using quarterly information such the result approximates the financial performance of the company over a calendar year. Companies that have near December fiscal year ends (e.g. November or January) are not calendarized and treated as calendar year figures. Calendarization is important because it allows us to do cross company comparisons for companies that have differing fiscal year ends 2 – Pro Forma Acquisition Trefis may use pro forma historicals to account for acquisitions a company has made recently. This means that a new acquisition that is effective as of this year will be shown as if the company owned that asset in previous years 3 – Minority Interests and Ownership Accounting Trefis accounts for ownership stakes differently than US GAAP accounting. In US GAAP accounting a company will c
