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Non-GAAP Financial Measures

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A Roadmap to Non-GAAP Financial Measures (September 2019)

  • Download the PDF version (available without subscription; not updated after issuance).
  • View the active version (subscription required; updated as warranted). For subscribers, links to substantive changes made to the Roadmap since its issuance, if any, will be provided below.
This edition includes new and updated discussions of common themes identified by the SEC staff in comment letters and public statements as well as other recent developments related to non-GAAP measures. Since the issuance of this Roadmap in September 2019, Section 2.4 has been updated to reflect the SEC’s January 30, 2020, Interpretive Release No. 33-10751, Commission Guidance on Management’s Discussion and Analysis of Financial Condition and Results of Operations, which provides guidance on the disclosure and use of key performance indicators and metrics.
This Roadmap replaces the Deloitte Q&As that were contained in Non-GAAP financial measures section of Deloitte’s SEC Reporting Interpretations Manual. To find the text in the Roadmap that corresponds to a former Q&A, select the “Non GAAP” tab at the bottom of the Q&A to Roadmap Quick Reference Guide and search for the Q&A’s number or title.
Be sure to check out other titles in Deloitte’s Roadmap series, our comprehensive, easy-to-understand collection of accounting guides on selected topics of broad interest to the financial reporting community.