CFO of still-unprofitable DoorDash shares growth plans, investments

The takeout and delivery app with a 48% market share is investing in food preparation robots, subscription program and partnerships with commercial retailers, Prabir Adarkar said, after its first earnings report as a public company.

By Jane Thier • March 1, 2021

Gulfport failed to disclose perks, SEC says; CEO penalized

The gas exploration and development company avoided a fine by fixing the problem quickly, but the CEO was hit with a civil fine for causing the disclosure failures.    

By Robert Freedman • March 1, 2021

Explore the Trendline➔

Top 5 stories from CFO Dive

The promises and traps of generative AI, revamped modern finance teams and stark geopolitical risks are among the top forces CFOs are grappling with this year.

By CFO Dive staff

Coinbase to go public via direct listing

Bypassing a traditional IPO, the cryptocurrency exchanger will be following in Slack and Spotify's foot steps, and be the first major direct listing on Nasdaq. 

By Robert Freedman • Feb. 28, 2021

CFOs make few COVID-related EBITDA adjustments

The pandemic’s length has made it hard to justify an accounting approach intended for one-time events.

By Robert Freedman • Feb. 27, 2021

Making pandemic-related EBITDA adjustments

Annualized earnings, 2021 EBITDA and swap outs are three approaches CFOs are taking to show company performance potential in light of COVID-19. 

By Brian Garfield • Feb. 25, 2021

Former KPMG auditors signed off on incomplete college financials

The SEC penalized the auditors for their unprofessional conduct in allowing the College of New Rochelle to release a financial report before completing critical audit steps.   

By Robert Freedman • Feb. 24, 2021

Biden's corporate tax hike would reduce output, jobs, wages, study finds

Biden’s proposed increase in corporate tax would push up the U.S. federal-state combined tax rate to the highest level in the OECD, the Tax Foundation said.

By Jim Tyson • Feb. 24, 2021

General Mills CFO: 'Our job is to be competitive regardless of demand'

Kofi Bruce said the food corporation has been "governed by a philosophy that the demand environment will be what it will be.”

By Jane Thier • Feb. 21, 2021

Report: Hardest-hit businesses received less than 10% of PPP loans

Companies in food services and similar businesses slammed by COVID-19 received a comparatively small portion of PPP loans in 2020, according to a Tax Policy Center analysis.

By Jim Tyson • Feb. 21, 2021

Prior business relationships influence PPP coronavirus lending, study finds

Banks used the PPP last year to strengthen relations with “large connected firms,” a joint study by Washington University in St. Louis, Boston College and the University of Geneva found.

By Jim Tyson • Feb. 17, 2021

A financial advisor's top 5 SPAC tax issues

Identifying acquirer and predecessor entities are among decisions the tax team of the combined company must make.

By Robert Freedman • Feb. 17, 2021

Survey: Most financial executives not planning to use bitcoin as corporate asset

Volatility discourages most financial executives from ever adopting bitcoin even though it is gaining some acceptance in finance, according to a Gartner survey. 

By Jim Tyson • Feb. 17, 2021

PepsiCo CFO: 'The world is permanently shifted'

Hugh Johnston credited the company's successful fourth quarter to its commitment to understanding its new, evolving environment. 

By Jane Thier • Feb. 15, 2021

3 CFO mistakes to avoid as IT spend rises to record in 2021

Financial executives should avert mistakes in digital transformation as they budget record capital for IT purchases this year.

By Jim Tyson • Feb. 15, 2021

FASB OKs more timely goodwill impairment testing

Finance teams can wait until their company’s next reporting period to test for any reduction in value.

By Robert Freedman • Feb. 15, 2021

Twitter CFO: Jump in January users after Trump ban

The social media platform added more daily active users in January, the month Trump was banned, than the average of the last four Januarys, Ned Segal told CNBC. 

By Jane Thier • Feb. 10, 2021

Survey: CFOs plan to shore up reserves against pandemic, other risks

CFOs are reacting to the pandemic-induced downturn by reshaping risk strategies and cushioning against future shocks, a Euler Hermes survey finds.

By Jim Tyson • Feb. 9, 2021

Hershey's CFO: Stay-at-home mandates 'played to our strengths'

When 2020 showed "just how precious" family rituals and traditions are, classic Hershey's products reaped the benefits, CFO Steve Voskuil said.

By Jane Thier • Feb. 8, 2021

CFOs turn to shelf registrations to position companies for capital raises

Filings can have a short-term negative impact. But when the timing is right, they help companies move quickly with stock and other offerings.

By Robert Freedman • Feb. 7, 2021

Chipotle remains 'impressive' despite share price drop, CFO says

Despite the pandemic, in no region has Chipotle’s digital business dropped below 40%, which is CFO Jack Hartung’s "rough floor" for online sales, he told Barron’s.

By Jane Thier • Feb. 7, 2021

Study: States cut corporate taxes despite pandemic-induced shortfalls

A plunge in tax revenue caused by the downturn in 2020 did not discourage several states from trimming corporate income taxes.

By Jim Tyson • Feb. 4, 2021

Former WageWorks CEO, CFO fined for improperly recognizing revenue

The penalty includes clawbacks of the executives’ incentive-based compensation.

By Robert Freedman • Feb. 3, 2021

SEC appoints policy advisor to advance new initiatives on ESG

The appointment of an ESG advisor by the acting SEC chair follows commitments by President Biden to redouble efforts to combat climate change.

By Jim Tyson • Feb. 2, 2021

GAAP is obsolete; treat talent like the asset it is

The intellectual workforce that drives company growth should be capitalized and amortized like traditional production investments. 

By Marvin Weiss • Feb. 1, 2021

ESG, SPAC trends converge with AppHarvest capital raise

Following its entrance to the public market on Monday, former Impossible Foods CFO David Lee says the agricultural tech company has no intentions of being a "precious small player."

By Jane Thier • Feb. 1, 2021