Chewy FY2026 Q2 Earnings: 84.6% Autoship, $80.5M Net Income
Chewy's 84.6% Autoship share measures customer spending, not contracted revenue: Q2 sales rose 7.3% to $3.33B while free cash flow fell 15.5% to $89.5M.
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Financial Reporting
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FRF for SMEs: The AICPA's Simpler Alternative to GAAP
FRF for SMEs is the AICPA's accrual framework for owner-managed firms: amortized goodwill, no VIE analysis, no ASC 842. Check loan covenants first.
Lennar FY2026 Q3 Earnings: 52% Profit Drop, 116-Day Cycle
Lennar FY2026 Q3: $8.046B revenue (-8.7%) and parent net income down 52% to $283.9M, while the build cycle hit a record 116 days and new orders fell 9%.
FASB Proposes Treating Stablecoins as Cash Equivalents: What It Means If Your Business Holds USDC
FASB's August 2026 proposal would let a stablecoin sit in the cash line only with direct issuer redemption, 1:1 segregated reserves, and annual disclosure.
HOA Reserve Fund Accounting: Why Your Repair Money Needs Its Own Bank Account
Commingling HOA reserve and operating cash violates Florida and Washington law — and reserve interest is taxable on IRS Form 1120-H even when dues are not.
The Equity Method of Accounting, Explained: How to Book a 20–50% Ownership Stake
Under ASC 323, dividends from a 20–50% stake are not income — they reduce the investment. Here are the three journal entries and the basis-difference trap.
Disney FY2026 Q3 Earnings: $25.2B Revenue, Experiences at $9.97B, and Streaming That Finally Pays
Disney's FY2026 Q3: revenue $25.2B (+7%), total segment operating income $5.6B (+21%), and net income attributable to Disney of $2.64B. GAAP EPS fell 48% against a prior-year Hulu tax benefit while adjusted EPS rose 28% to $2.06. Experiences grew 10% to $9.97B with operating income +20%, Entertainment SVOD reached a 13% operating margin, and Sports operating income fell 17% on NBA/NHL postseason costs. Free cash flow of $3.1B backs a raised ≥$9B buyback — all tracked in a public Beancount ledger spanning FY2022–FY2026 Q3.
Estée Lauder FY2026 Earnings: $15.0B Sales, a Return to Profit, and Restructuring Between the Margins
Estée Lauder FY2026: net sales $15.05B (+5% reported, +3% organic), net earnings $182M after a $1.13B loss, and adjusted EPS $2.51 (+66%). Fragrance grew 10% organic and mainland China 9%, gross margin expanded 150 bps to 75.5%, and the FY2027 adjusted operating margin guide was raised to 12.7%–13.5% — while the 6-point gap between 5.2% reported and 11.2% adjusted margin remains the story. Tracked in a public Beancount ledger spanning FY2022–FY2026.
Novo Nordisk H1 2026 Earnings: DKK 175.3B Sales, DKK 69.5B Net Profit, Outlook 'Raised' to 0% to −6%
Novo Nordisk's H1 2026 results — DKK 175.3B net sales, DKK 69.5B net profit, Q2 adjusted operating profit up 11% at CER — against full-year guidance of 0% to −6% adjusted growth. A double-entry Beancount breakdown of the 340B rebate bridge, DKK 6.3B impairments, and the GLP-1 franchise's shift from scarcity to pricing pressure.
Tencent Q2 2026 Earnings: RMB 204.8B Revenue, RMB 56.0B Profit, Capex +176%
Tencent's 2Q2026 earnings — RMB 204.8B revenue (+11% YoY), RMB 56.0B attributable profit (+0.7%), and capital expenditure up 176% to RMB 52.8B, pushing free cash flow to negative RMB 13.8B. A double-entry Beancount breakdown of segment growth, margins, and the AI compute build showing up in PP&E.
Workday Q2 FY2027 Earnings: $2.57 Diluted EPS on an Intra-Entity IP Transfer
Workday's Q2 FY2027 earnings — $2.649B revenue (+12.8%), 11.8% GAAP operating margin, and $2.57 diluted EPS that triples the year-ago $0.84 because of a $374M deferred-tax asset from an intra-entity IP transfer worth $1.52 per share. A double-entry Beancount breakdown that posts the one-off tax benefit on its own ledger line.
Adobe FY2026 Q3 Earnings: $6.76B Revenue, $27.5B ARR, and a Deferred-Revenue Book
Adobe FY2026 Q3: record $6.76B revenue (+13%) with subscription at $6.58B, GAAP net income $1.83B (+3%), AI-first ARR up more than 150%, and ending ARR of $27.5B against $7.09B of current deferred revenue — plus a December 1 CEO handover to Anil Chakravarthy — tracked in a public Beancount ledger where the income statement sums to zero and deferred revenue is asserted on the balance sheet.