Accounting flags
Every accounting check that came out marked, across all 532 companies, newest filing first. Each row quotes or states what the filing says and links to it. A marked check is something to read in the filing. It is not a verdict on the company, and nothing here is ranked.
446 flags.
Feb 12, 2026
11 flags · 10-Ks filed this day!
KMB
Kimberly-Clark
Receivables growing faster than revenue
Receivables +9.5% vs revenue -2.1% (+11.6 pts)
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IT
Gartner
Critical audit matters changed
New this year: Unrecognized tax benefits (“As discussed in Note 1 to the consolidated financial statements, the Company recognizes the tax benefit from an uncertain tax position when it believes such position is more likely than not of being sustained if challenged. As of December 31, 2025, the Company has recorded gross unrecognized tax ben”). No longer listed: Assessment of tax benefits on intercompany transfer of intellectual property
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ILMN
Illumina, Inc.
Receivables growing faster than revenue
Receivables +16.2% vs revenue -0.7% (+16.9 pts)
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ILMN
Illumina, Inc.
Critical audit matters changed
New this year: Valuation of Excess and Obsolete Inventory (“The Company's inventories totaled $564 million as of December 28, 2025. As explained in Note 1 and Note 7 to the consolidated financial statements, the Company assesses the valuation of inventory each reporting period. Obsolete inventory or inventory in excess of management's estimated usage require”). No longer listed: GRAIL Contingent Consideration; Impairment assessment of GRAIL in-process research and development (IPR&D)
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HWM
Howmet Aerospace
Critical audit matters changed
New this year: Valuation of Certain U.S Defined Benefit Pension Plan Obligations (“As described in Note G of the consolidated financial statements, the Company's pension plan benefit obligation as of December 31, 2025 was $1,371 million, of which $1,346 million related to U.S. pension plans. The Company’s pension plan benefit obligations are determined using actuarial methodologie”). No longer listed: Goodwill Impairment Assessment - Engineered Structures Reporting Unit
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HUBB
Hubbell Incorporated
Critical audit matters changed
New this year: Revenue Recognition - Point in Time Product Revenue (“As described in Notes 1 and 2 to the consolidated financial statements, the Company’s net sales were $5,844.6 million for the year ended December 31, 2025, the majority of which is point in time product revenue. Revenue is recognized when performance obligations identified under the terms of contrac”); Acquisition of DMC Power - Valuation of Customer Relationships (“As described in Note 3 to the consolidated financial statements, on October 1, 2025, the Company acquired all of the issued and outstanding equity of DMC Power for approximately $829 million, net of cash acquired. The Company recognized intangible assets of $364.0 million, of which $290.0 million re”). No longer listed: Goodwill Impairment Assessment - Interim Quantitative Goodwill Impairment Assessment for a Certain Reporting Unit
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GLW
Corning Inc.
Receivables growing faster than revenue
Receivables +35.4% vs revenue +19.1% (+16.2 pts)
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DXCM
Dexcom
Critical audit matters changed
New this year: Pharmacy Rebates in the United States (“As disclosed in Note 1 to the financial statements, when revenue is recognized, the Company includes an estimate of variable consideration in the calculation of the transaction price. Variable consideration includes, but is not limited to, rebates, chargebacks, product returns provision, and prompt ”). No longer listed: Estimation of variable consideration for revenue recognition. Same as last year: F-2
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CHD
Church & Dwight
Critical audit matters changed
New this year: Trade Names and Other Intangibles, Net - Waterpik (“The Company’s global WATERPIK business is experiencing customer distribution losses and a decline in consumer demand, mainly due to lower consumer spending and more customers choosing value brands amid inflation. This has reduced sales, profits, and expected cash flows, eroding much of the excess fa”); Acquisitions - Touchland (“The Company completed the acquisition of Touchland Holding Corp ("Touchland"), the developer of TOUCHLAND® hand sanitizer products (the "Touchland Acquisition"). The Company paid $656.0 million, net of cash acquired, at closing and entered an agreement to pay an additional amount based on 2025 net s”)
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BAX
Baxter International
Critical audit matters changed
New this year: Indefinite-Lived Intangible Asset Impairment Assessment - Welch Allyn Trade Name (“As described in Notes 1 and 4 to the consolidated financial statements, the Company’s consolidated trade names indefinite-lived intangible asset balance as of December 31, 2025 was $390 million. Indefinite-lived intangible assets are subject to an impairment review by management annually in the four”). Same as last year: Goodwill Impairment Assessment - Front Line Care Reporting Unit
Feb 11, 2026
10 flags · 10-Ks filed this day!
TXT
Textron
Critical audit matters changed
New this year: Table o f Contents (“Auditing the Company’s estimated costs at completion for select long-term contracts was complex due to the judgment involved in evaluating management’s assumptions and key estimates over the duration of these long-term contracts. The estimated costs at completion for the select long-term contracts a”). Same as last year: Revenue Recognition - Estimates at Completion for Select Long Term Contracts; Defined Benefit Pension Obligations
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TMUS
T-Mobile US
Inventory growing faster than revenue
Inventory +49.7% vs revenue +8.5% (+41.2 pts)
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SYK
Stryker Corporation
Critical audit matters changed
New this year: Description As described in Note 11 to the consolidated financial statements, the Company is involved in various income tax matters; Auditing management’s evaluation of the uncertain tax positions associated with the FCTO tax assessments was; How We We obtained an understanding, evaluated the design and tested the operating effectiveness of controls over the; Addressed Company’s accounting process for uncertain tax positions. For example, we tested controls over management’s; Our audit procedures included, among others, evaluating the assumptions the Company used to assess its uncertain tax; Acquisitions; Description As described in Note 6 to the consolidated financial statements, in 2025 the Company completed the acquisition of Inari; How We We obtained an understanding, evaluated the design and tested the operating effectiveness of the controls over the; Addressed identification and measurement of developed technologies. For example, we tested controls over the valuation of; Our Audit To test the fair value measurement of developed technologies, we performed audit procedures that included, among. Same as last year: Uncertain Tax Positions
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SPGI
S&P Global
Receivables growing faster than revenue
Receivables +20.0% vs revenue +7.9% (+12.1 pts)
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NVR
NVR, Inc.
Cash from operations lower than net income
Cash from operations $1.1B vs net income $1.3B (FY ending 2025-12-31)
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NI
NiSource
Critical audit matters changed
New this year: NISOURCE INC. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) (“The Company’s subsidiaries’ rates are determined and approved in regulatory proceedings based on an analysis of the subsidiaries’ costs to provide utility service and a return on, and recovery of, the subsidiaries’ investment in the utility business. Regulatory decisions can have an impact on the re”); NISOURCE INC. ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA (continued) (“Order Under Federal Power Act Section 202(c), and other filings with the IURC to identify evidence that may contradict management’s assertion regarding probability of abandonment.”). Same as last year: REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM; REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
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JNJ
Johnson & Johnson
Cash from operations lower than net income
Cash from operations $24.5B vs net income $26.8B (FY ending 2025-12-28)
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F
Ford Motor Company
Critical audit matters changed
New this year: Impairments of Model e Long-Lived Assets and Equity in Net Assets of an Affiliated Company (“As described in Notes 2, 13, 14, and 23 to the consolidated financial statements, the Company’s net property was $37.3 billion as of December 31, 2025, a portion of which relates to the Model e long-lived assets, and equity in net assets of affiliated companies was $2.8 billion as of December 31, 20”). Same as last year: Warranty and Field Service Actions Accrual (United States); Ford Credit Consumer Finance Receivables Allowance for Credit Losses
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APH
Amphenol
Critical audit matters changed
New this year: Determining if there is any relevant additional information available that was not identified and considered in management’s assessment (“o Assessing the technical merits of a sample of positions identified and the reasonableness of the methodology used to determine the unrecognized tax benefit.”). No longer listed: Reviewing other available relevant information. Same as last year: Income Taxes - Unrecognized Tax Benefits; Evaluating former and ongoing tax audits and notices by tax authorities; Evaluating transactions for which third-party tax advice or tax opinions were received
Feb 10, 2026
5 flags · 10-Ks filed this day!
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MAS
Masco
Critical audit matters changed
New this year: Revenue Recognition - Plumbing Products (“As described in Notes A and D to the consolidated financial statements, the Company’s plumbing products revenue was $4,992 million for the year ended December 31, 2025. The Company recognizes revenue as control of its products is transferred to its customers, which is generally at the time of shipme”). No longer listed: Goodwill Impairment Assessments
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CMI
Cummins
Critical audit matters changed
New this year: Annual Goodwill Impairment Test - Drivetrain and Braking Systems Reporting Unit (“As described in Notes 1 and 9 to the consolidated financial statements, the Company’s consolidated goodwill balance was $ 2,224 million as of December 31, 2025, of which 34 percent relates to the drivetrain and braking systems reporting unit. Management performs the annual goodwill impairment test a”). No longer listed: Goodwill Impairment Test as of the End of the Fiscal Third Quarter - Drivetrain and Braking Systems Reporting Unit
Feb 9, 2026
3 flags · 10-Ks filed this day!
WM
Waste Management
Critical audit matters changed
New this year: Goodwill Impairment Assessment - Healthcare Solutions Segment (“At December 31, 2025, the Company’s goodwill related to the Healthcare Solutions segment totaled $3.8 billion. As discussed in Note 2 and Note 5 of the consolidated financial statements, goodwill is tested for impairment at least annually on October 1 at the reporting unit level, or more frequently ”). No longer listed: Acquisition of Stericycle, Inc. – Valuation of Customer Relationships. Same as last year: Landfill Depletion Expense; Landfill – Final Capping, Closure and Post-Closure Costs
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NSC
Norfolk Southern
Critical audit matters changed
New this year: K47. No longer listed: K44. Same as last year: Sufficiency of audit evidence related to the capitalization of property expenditures
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BE
Bloom Energy
Critical audit matters changed
New this year: Investments in Unconsolidated Affiliates (“In August 2025, the Company concluded a transaction with Brookfield Asset Management (“Brookfield”) for a prospective financing framework structure (the “Financing Structure”) under which the Company and Brookfield formed joint venture entities (each, a “Fund JV”).”). Same as last year: Product Revenue Recognition
Feb 6, 2026
10 flags · 10-Ks filed this day!
RTX
RTX Corporation
Receivables growing faster than revenue
Receivables +33.9% vs revenue +9.7% (+24.2 pts)
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RDDT
Reddit
Critical audit matters changed
New this year: Sufficiency of audit evidence over ad delivery used in advertising revenue (“As discussed in Notes 2 and 3 to the consolidated financial statements, the Company generated $2.1 billion of advertising revenue for the year ended December 31, 2025. The Company generates the majority of its revenues through the sale of advertising on the Company’s website and mobile applications.”). No longer listed: Evaluation of the delivery quantity of ad impressions
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PM
Philip Morris International
Receivables growing faster than revenue
Receivables +20.7% vs revenue +7.3% (+13.4 pts)
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PM
Philip Morris International
Inventory growing faster than revenue
Inventory +21.4% vs revenue +7.3% (+14.1 pts)
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LVS
Las Vegas Sands
Receivables growing faster than revenue
Receivables +77.9% vs revenue +15.2% (+62.7 pts)
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LVS
Las Vegas Sands
Critical audit matters changed
New this year: Table of Conte n ts (“Auditing the provision of expected credit losses on casino receivables involved a high degree of auditor’s subjectivity and an increased extent of effort related to the collectability of the casino patron accounts receivable, especially as it relates to management’s judgments in evaluating the quali”)
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HAL
Halliburton
Critical audit matters changed
New this year: As discussed in Notes 1 and 12 to the consolidated financial statements, the Company recognizes deferred tax. Same as last year: Evaluation of the Realizability of Deferred Tax Assets
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AXP
American Express
Critical audit matters changed
New this year: Table of Contents (“Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the consolidated financial statements. These procedures included testing the effectiveness of controls relating to the reserves for credit losses on Card Member loans.”). Same as last year: Reserves for Credit Losses on Card Member Loans; Membership Rewards Liability
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AMZN
Amazon
Critical audit matters changed
New this year: Addressed the; Matter in Our; Audit. Same as last year: Uncertain Tax Positions
Feb 5, 2026
6 flags · 10-Ks filed this day!
VRSN
Verisign
Receivables growing faster than revenue
Receivables +37.5% vs revenue +6.4% (+31.1 pts)
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LUV
Southwest Airlines
Receivables growing faster than revenue
Receivables +108.5% vs revenue +2.1% (+106.4 pts)
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HII
Huntington Ingalls Industries
Receivables growing faster than revenue
Receivables +59.9% vs revenue +8.2% (+51.7 pts)
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FAST
Fastenal
Critical audit matters changed
New this year: Revenue Recognition (“As described in Note 1 to the consolidated financial statements, net sales include products and shipping and handling charges, net of estimates for product returns and any related sales incentives. The Company recognizes revenue when or as the Company satisfies its performance obligations by transfe”). No longer listed: Sufficiency of audit evidence over inventory quantities at in-market locations
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CARR
Carrier Global
Inventory growing faster than revenue
Inventory +8.0% vs revenue -3.3% (+11.3 pts)
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CARR
Carrier Global
Critical audit matters changed
New this year: Annual Goodwill Impairment Assessment - Climate Solutions Europe Reporting Unit (“As described in Notes 3 and 6 to the consolidated financial statements, the Company’s goodwill balance was $15.5 billion as of December 31, 2025, and the goodwill associated with the Climate Solutions Europe reporting unit was $7.8 billion. Goodwill is tested and reviewed annually for impairment on ”). No longer listed: Acquisition of the VCS Business - Valuation of Intangible Assets Acquired
Feb 4, 2026
5 flags · 10-Ks filed this day!
WDAY
Workday, Inc.
Material impairment (8-K item 2.06)
8-K item 2.06 (material impairments) filed 2026-02-04 (2 in 2 years)
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PHM
PulteGroup
Cash from operations lower than net income
Cash from operations $1.9B vs net income $2.2B (FY ending 2025-12-31)
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GEHC
GE HealthCare
Cash from operations lower than net income
Cash from operations $2.0B vs net income $2.1B (FY ending 2025-12-31)
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GEHC
GE HealthCare
Inventory growing faster than revenue
Inventory +15.2% vs revenue +4.8% (+10.4 pts)
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AMD
Advanced Micro Devices
Critical audit matters changed
New this year: Table of Conten t s (“At December 27, 2025, the Company’s net inventory balance was $7,920 million. As discussed in Note 2 to the consolidated financial statements, the Company adjusts the inventory carrying value to the lower of actual cost or the estimated net realizable value after completing ongoing reviews of on-han”). Same as last year: Inventory Valuation
Feb 3, 2026
2 flags · 10-Ks filed this day!
MMM
3M
Cash from operations lower than net income
Cash from operations $2.3B vs net income $3.2B (FY ending 2025-12-31)
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DOC
Healthpeak Properties
Critical audit matters changed
New this year: Impairments - Investments in Unconsolidated Joint Ventures (“The Company reviews its equity method investments for indicators of impairment. If an equity method investment shows indicators of impairment, the fair value of the equity method investment is compared to its carrying value. When the Company determines a decline in fair value below carrying value is”). No longer listed: Business Combination - Physicians Realty Trust Merger Valuation. Same as last year: Impairments - Real Estate
Jan 30, 2026
3 flags · 10-Ks filed this day!
CHTR
Charter Communications
Receivables growing faster than revenue
Receivables +18.8% vs revenue -0.6% (+19.4 pts)
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BA
Boeing
Cash from operations lower than net income
Cash from operations $1.1B vs net income $2.2B (FY ending 2025-12-31)
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BA
Boeing
Critical audit matters changed
New this year: Table of Co ntents (“• We observed the project work site to evaluate tangible or physical progress of the project against assumptions used by management in developing its cost and schedule estimates.”); Table of Co ntents (“• We evaluated communications with regulatory bodies to assess consistency between management’s certification timeline assumptions and cost and revenue estimates.”); Table of Co ntents (“• We assessed the status of the comprehensive product safety and quality plan and related production health metrics to evaluate if there was contradictory evidence that the Program would not meet its production rate schedule.”). Same as last year: Cost Estimates for Fixed-Price Development Contracts; Program Accounting Estimates for the 777X program; Program Accounting Estimates for the 737 program
Jan 29, 2026
7 flags · 10-Ks filed this day!
NOW
ServiceNow
Critical audit matters changed
New this year: Acquisition of Moveworks, Inc. - Valuation of Developed Technology (“As described in Notes 2 and 5 to the consolidated financial statements, on December 15, 2025, the Company acquired all outstanding shares of Moveworks, Inc. (Moveworks) for total purchase consideration of $2.4 billion. Of the acquired intangible assets recorded, $505 million related to Moveworks’ de”). Same as last year: Revenue Recognition - Subscription Revenue
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META
Meta Platforms
Critical audit matters changed
New this year: Consolidation accounting for a variable interest entity (“As described in Note 5 to the consolidated financial statements, the Company entered into an arrangement (the “Venture”) to co-develop a data center campus. The Company determined whether it holds a variable interest in the Venture, whether the entity in which the Company has a variable interest is ”). No longer listed: Table of Contents; Table of Contents. Same as last year: Loss Contingencies; Uncertain Tax Positions
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LMT
Lockheed Martin
Receivables growing faster than revenue
Receivables +65.9% vs revenue +5.6% (+60.3 pts)
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LMT
Lockheed Martin
Critical audit matters changed
New this year: Cost Estimates for Select Fixed Price Contracts (“As more fully described in Note 1 to the consolidated financial statements, the Corporation generates the majority of its sales from long-term customer contracts whereby substantially all of the Corporation’s revenue is recognized over time using the percentage-of-completion cost-to-cost measure of ”). No longer listed: Revenue recognition based on the percentage of completion method; Defined Benefit Pension Plan Obligation
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GEV
GE Vernova
Receivables growing faster than revenue
Receivables +19.9% vs revenue +9.0% (+10.9 pts)
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GE
GE Aerospace
Cash from operations lower than net income
Cash from operations $8.5B vs net income $8.7B (FY ending 2025-12-31)
Jan 28, 2026
3 flags · 10-Ks filed this day!
URI
United Rentals
Inventory growing faster than revenue
Inventory +20.0% vs revenue +4.9% (+15.1 pts)
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LEN
Lennar
Cash from operations lower than net income
Cash from operations $216.8M vs net income $2.1B (FY ending 2025-11-30)
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LEN
Lennar
Critical audit matters changed
New this year: Spin-off of Millrose Properties Inc. (Note 2 and 9) (“As described in Note 2 and 9 to the financial statements, on February 7, 2025, the Company completed the spin-off of its Millrose Properties Inc. (“Millrose”) business through a pro rata distribution of 80% of the outstanding shares of Millrose to Company stockholders. The Company subsequently dispo”)
Jan 26, 2026
1 flag · 10-Ks filed this day!
ARE
Alexandria Real Estate Equities
Critical audit matters changed
New this year: Our Audit future undiscounted cash flows for investments in real estate where impairment indicators existed as well as controls; In auditing the Company’s undiscounted future cash flows for investments in real estate to be held and used with; Company’s historical accounting records or to available market data. We also tested the mathematical accuracy of. No longer listed: For real estate investments with identified indicators of impairment, we performed audit procedures over the; Company’s estimation of the assets’ undiscounted future cash flows. For example, we compared significant. Same as last year: Impairment of investments in real estate; Description At December 31, 2025, the carrying value of the Company’s investments in real estate was $28.7 billion including; Auditing the Company’s evaluation of whether its investments in real estate to be held and used are recoverable was; How we We obtained an understanding, evaluated the design, and tested the operating effectiveness of the Company’s; Addressed controls over the Company’s investments in real estate impairment assessment process. For example, we tested
Jan 23, 2026
4 flags · 10-Ks filed this day!
SLB
Schlumberger
Receivables growing faster than revenue
Receivables +8.5% vs revenue -1.6% (+10.1 pts)
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SLB
Schlumberger
Inventory growing faster than revenue
Inventory +15.0% vs revenue -1.6% (+16.6 pts)
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NFLX
Netflix
Cash from operations lower than net income
Cash from operations $10.1B vs net income $11.0B (FY ending 2025-12-31)
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Jan 16, 2026
1 flag · 10-Ks filed this day!
AES
AES Corporation
Material impairment (8-K item 2.06)
8-K item 2.06 (material impairments) filed 2026-01-16: “The AES Corporation’s (“AES”) Maritza power plant in Bulgaria is operating under a Power Purchase Agreement (“PPA”) that expires in May 2026. Although negotiations are underway for a new PPA and other alternatives to realize additional value are being considered, no agreements have been reached. Further, in the fourth quarter of 2025, the Company made the decision not to invest in a conversion of…”
Jan 15, 2026
1 flag · 10-Ks filed this day!
ADBE
Adobe Inc.
Critical audit matters changed
New this year: Sufficiency of audit evidence over revenue related to software subscriptions sold at the Company’s online store (“As discussed in Note 2 to the consolidated financial statements, the Company recorded subscription revenue of $17.39 billion in its Digital Media segment, a portion of which related to software subscriptions sold at adobe.com, the Company’s online store. Processing these orders is reliant upon infor”). No longer listed: Performance obligations in cloud-enabled software subscriptions
Dec 22, 2025
3 flags · 10-Ks filed this day!
SNPS
Synopsys
Receivables growing faster than revenue
Receivables +61.1% vs revenue +15.1% (+46.0 pts)
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SNPS
Synopsys
Critical audit matters changed
New this year: Evaluation of the acquisition-date fair value of certain intangible assets acquired in a business combination (“As described in Note 4 to the consolidated financial statements, the Company completed the acquisition of Ansys for aggregate purchase consideration of approximately $34.9 billion on July 17, 2025. The Company accounted for the acquisition using the acquisition method of accounting that requires all”). Same as last year: Evaluation of the Company's analysis of terms and conditions in software and intellectual property license contracts with customers
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A
Agilent Technologies
Critical audit matters changed
New this year: Revenue Recognition for Certain Products and Services and other Revenue (“As described in Note 1 to the consolidated financial statements, the Company derives revenue primarily from the sale of analytical and diagnostics products and services. Revenue is recognized when control of the promised products or services is transferred to the customers and the performance obliga”). No longer listed: Acquisition of BIOVECTRA - Valuation of Certain Customer Relationships
Dec 19, 2025
1 flag · 10-Ks filed this day!
PODD
Insulet Corporation
Auditor change
8-K item 4.01 (change in certifying accountant) filed 2025-12-19
Dec 18, 2025
5 flags · 10-Ks filed this day!
HPE
Hewlett Packard Enterprise
Receivables growing faster than revenue
Receivables +49.0% vs revenue +13.8% (+35.2 pts)
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HPE
Hewlett Packard Enterprise
Critical audit matters changed
New this year: Acquisition of Juniper Networks – Valuation of customer contracts, customer lists and distribution agreements (“As disclosed in Notes 1 and 10 to the consolidated financial statements, on July 2, 2025, the Company completed the acquisition of Juniper Networks, Inc. for total consideration of $13.6 billion. The Company allocated the net purchase price to assets acquired and liabilities assumed based on their r”). Same as last year: Valuation of Goodwill; Estimation of variable consideration
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DE
Deere & Company
Inventory growing faster than revenue
Inventory +4.4% vs revenue -11.7% (+16.1 pts)
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AVGO
Broadcom
Receivables growing faster than revenue
Receivables +61.8% vs revenue +23.9% (+37.9 pts)
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AVGO
Broadcom
Critical audit matters changed
New this year: Revenue Recognition - Certain Software and Support Revenue in the Infrastructure Software Segment (“As disclosed in Note 13 to the consolidated financial statements, the Company’s net revenue for the infrastructure software segment for the year ended November 2, 2025 was $27,029 million, a significant portion of which related to certain software and support revenue. As disclosed in Note 2, revenue”)
Dec 17, 2025
1 flag · 10-Ks filed this day!
KEYS
Keysight Technologies
Critical audit matters changed
New this year: Acquisition of the OSG Business - Valuation of Developed Technology (“As described in Note 2 to the consolidated financial statements, on October 17, 2025, the Company acquired the OSG business for $581 million. Of the acquired other intangible assets, $180 million was recorded related to developed technology. Developed technology was valued using the relief from roya”). Same as last year: Acquisition of Spirent - Valuation of Developed Technology and Certain Customer Relationships
Dec 15, 2025
2 flags · 10-Ks filed this day!
ZBRA
Zebra Technologies
Material impairment (8-K item 2.06)
8-K item 2.06 (material impairments) filed 2025-12-15: “and are incorporated by reference herein. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ZEBRA TECHNOLOGIES CORPORATION Date: December 15, 2025 By: /s/ Cristen Kogl Cristen Kogl Chief Legal Officer, General Counsel & Corporate Secretary”
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F
Ford Motor Company
Material impairment (8-K item 2.06)
8-K item 2.06 (material impairments) filed 2025-12-15: “As previously disclosed, although we are investing in our electric vehicle (“EV”) strategy, we anticipate that the market for EVs will continue to be challenging. As a result, we are taking several actions to adjust our business strategy, which impact our EV manufacturing capacity and product roadmap. BlueOval SK, LLC On December 9, 2025, Ford Motor Company (“Ford”), SK On Co., Ltd. (“SK On”), SK…”
Dec 11, 2025
2 flags · 10-Ks filed this day!
FWDI
Forward Industries
Going concern language
“Other Liquidity Factors In the prior reporting period, we identified certain conditions that raised substantial doubt about our ability to continue as a going concern.”
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FWDI
Forward Industries
Critical audit matters changed
New this year: Evaluation of audit evidence pertaining to the existence and control of the digital assets (“We identified the evaluation of audit evidence pertaining to the existence of the digital assets and whether the Company controls the digital assets as a critical audit matter. The principal considerations for our determination of the critical audit matter is as the result of especially subjective a”). No longer listed: F-2; We gained an understanding of and evaluated the design and implementation of the Company’s process to develop forecasted cash; Evaluating the reasonableness of the Company’s forecasted revenue, expenses, and cash flows by comparing those forecasts to; Evaluating management’s ability to accurately forecast future operating results by comparing the Company’s historical
Dec 5, 2025
4 flags · 10-Ks filed this day!
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KR
Kroger
Material impairment (8-K item 2.06)
8-K item 2.06 (material impairments) filed 2025-12-05 (2 in 2 years)
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HRL
Hormel Foods
Critical audit matters changed
New this year: Indefinite-lived Intangible Asset Impairment Analysis of Planters Trade Name (“At October 26, 2025, the Company’s indefinite-lived intangible asset balance was $1.56 billion, which includes the Planters trade name. As described in Note C, the company recorded an impairment charge of $59.1 million related to the Planters trade name asset during fiscal year 2025. As disclosed in”). Same as last year: Valuation of Pension Plan Assets
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COO
Cooper Companies
Receivables growing faster than revenue
Receivables +15.6% vs revenue +5.1% (+10.6 pts)
Dec 4, 2025
1 flag · 10-Ks filed this day!
PKG
Packaging Corporation of America
Material impairment (8-K item 2.06)
8-K item 2.06 (material impairments) filed 2025-12-04
Nov 25, 2025
3 flags · 10-Ks filed this day!
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CLSK
CleanSpark
Critical audit matters changed
New this year: Revenue from Bitcoin Mining (“As described in Note 2 to the consolidated financial statements, the Company is a participant in a third-party operated mining pool (the “mining pool”) and enters into contracts with the mining pool operator (the “Customer”) to provide hash calculations (or hashrate) to the mining pool. The Company ”); Accounting for Convertible Notes and Capped Calls (“As described in Notes 2 and 13 to the consolidated financial statements, in December 2024 the Company issued $650 million aggregate principal amount of convertible senior notes due 2030 (the “2030 Notes”). In connection with the issuance of the 2030 Notes, the Company entered into privately negotiat”); F-2 (“We identified the Company’s accounting for the 2030 Notes and 2030 Capped Calls as a critical audit matter. Determining whether the embedded redemption and conversion features related to the 2030 Notes met the criteria for bifurcation to be recognized as separate derivative instruments and whether t”); F-3 (“As described in Notes 2, 5, and 16 to the consolidated financial statements, the Company accounts for stock warrants as either equity instruments or liabilities. In connection with the acquisition of GRIID Infrastructure, Inc. (“GRIID”), the Company issued Public Warrants, Private Warrants, and GEM ”); Classification of Public and Private Warrants Issued for GRIID Acquisition (“As described in Notes 2, 5, and 16 to the consolidated financial statements, the Company accounts for stock warrants as either equity instruments or liabilities. In connection with the acquisition of GRIID Infrastructure, Inc. (“GRIID”), the Company issued Public Warrants, Private Warrants, and GEM ”). No longer listed: Bitcoin Mining Revenue. Same as last year: F-1
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CLSK
CleanSpark
Material weakness in internal control
“The existence of this material weakness affected the design of internal controls related to various assertions in certain financial statement line items such that internal controls were not effective for cash and cash equivalents, bitcoin, receivable from bitcoin collateral, note receivable from GRIID, property and equipment, deposits on miners, accounts payable, accrued liabilities, loans payable, deferred income taxes, stockholders' equity, bitcoin mining revenue, cost and expenses, share-base”
Nov 21, 2025
1 flag · 10-Ks filed this day!
PTC
PTC Inc.
Critical audit matters changed
New this year: F-2 (“Addressing the matter involved performing procedures and evaluating audit evidence in connection with forming our overall opinion on the consolidated financial statements. These procedures included testing the effectiveness of controls relating to the revenue recognition process, including controls ”). Same as last year: Revenue Recognition - Identification of Distinct Performance Obligations
Nov 20, 2025
1 flag · 10-Ks filed this day!
J
Jacobs Solutions
Critical audit matters changed
New this year: F-58 (“As described in Note 2 to the consolidated financial statements, the Company recognizes contract revenue over time, as performance obligations are satisfied, using the percentage-of-completion method (an input method) based primarily on contract costs incurred to date compared to total estimated con”); F-59 (“How We Addressed the Matter in Our Audit We obtained an understanding, evaluated the design, and tested the operating effectiveness of controls over the Company’s determination of the redemption value, including controls over management’s review of the significant assumptions described above.”). No longer listed: F-63; F-64. Same as last year: Revenue Recognition for Certain Fixed-Price Contracts; Redeemable Noncontrolling Interests
Nov 19, 2025
1 flag · 10-Ks filed this day!
DHI
D. R. Horton
Cash from operations lower than net income
Cash from operations $3.4B vs net income $3.6B (FY ending 2025-09-30)
Nov 17, 2025
1 flag · 10-Ks filed this day!
ON
ON Semiconductor
Material impairment (8-K item 2.06)
8-K item 2.06 (material impairments) filed 2025-11-17 (2 in 2 years): “During the first quarter of 2025, ON Semiconductor Corporation (the “Company” or “we” and, together with its subsidiaries, “onsemi”) announced restructuring and cost reduction initiatives based on an evaluation of its operating structure, business strategy, manufacturing technologies and internal capabilities to realign internal manufacturing capacity and capabilities with anticipated long-term…”
Nov 14, 2025
2 flags · 10-Ks filed this dayHow each check works
what it measures, the threshold, what it does not mean
| Check | What it measures | When it is marked | What it does not mean |
|---|---|---|---|
| Receivables growing faster than revenue | Whether customers owe more, relative to sales, than a year ago. | Receivables grew more than 10 percentage points faster than revenue, and grew. | Not proof that revenue is overstated. A large deal at year end, longer payment terms or an acquisition can do the same. |
| Cash from operations lower than net income | Whether reported profit is backed by cash from the business. | Cash from operations is below net income. Not computed for banks and other financial companies. | Common in fast-growing or seasonal companies. It is a question to ask, not a failure. |
| Inventory growing faster than revenue | Whether stock is piling up relative to sales. | Inventory grew more than 10 percentage points faster than revenue, and grew. | May be a planned build ahead of a product launch or a supply-chain change. |
| Auditor change | Whether the company changed its auditor. | An 8-K item 4.01 in the last 2 years, or a different auditor name in the two latest 10-Ks. | Often routine: rotation, a tender, or an audit firm merger. |
| Going concern language | Whether the 10-K states substantial doubt about continuing as a going concern. | A sentence to that effect is found in the 10-K text. Quoted as filed. | The wording is the company's, not our estimate. It can also appear in a sentence saying the doubt was removed. |
| Restatement (8-K item 4.02) | Whether the company said earlier financial statements should no longer be relied on. | An 8-K item 4.02 in the last 2 years. | Some restatements are small and do not change the picture. |
| Late filing notice | Whether the company asked for more time to file a 10-K or 10-Q. | An NT 10-K or NT 10-Q in the last 2 years. | Delays can be technical and one-off. |
| Critical audit matters changed | Which topics the auditor singled out as most difficult, and whether they changed. | A matter is new in the latest 10-K compared with the one before. | A new matter shows where the auditor spent its effort, not that something is wrong. |
| Material weakness in internal control | Whether the 10-K concludes that internal control over financial reporting was not effective because of a material weakness. | A sentence in the 10-K text concludes that controls were not effective because of a material weakness, quoted as filed. Sentences that say there is none, that one could occur, or that an earlier one was fixed are not marked. | It is the company's or the auditor's own wording, not our estimate. Many are about one account or process and are fixed within a year. It does not say the numbers are wrong. |
| Material impairment (8-K item 2.06) | Whether the company told the SEC it expects a material charge for impaired assets, such as goodwill. | An 8-K item 2.06 in the last 2 years. | A non-cash write-down. It says an earlier value was too high, not that the business is failing or that cash ran out. |
| Bankruptcy (8-K item 1.03) | Whether the company filed for bankruptcy or receivership. | An 8-K item 1.03 in the last 2 years. | The filing is the company's own and is a fact. It does not say what shareholders will get or whether the business continues. |
The 10-point threshold is our choice, not an academic result. Every check cites the filing and the line items it used.