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Walgreens Boots Alliance, Inc Walgreens Boots Alliance, Inc. Watchdog Report ™ WBA (NASDAQ Global) | CIK:1618921 | United States | SEC llings The new model for duciary analysis Oct 1, 2021 Jan 1, 2020 Jan 1, 2016 RECENT PERIOD HISTORICAL PERIOD Trading Suspended Oct 20, 2020 10-Q led on Jul 1, 2021 for period ending May 2021 Trading suspended. Called for redemption. Reporting Irregularities RECENT HISTORICAL Key Facts Financial Restatements Revisions Business address: Deereld, Illinois, United States Industry: Pharmacies and Drug Stores (NAICS 446110) Out of Period Adjustments SEC ler status: Large Accelerated Filer as of May 2021 Late Filings Index member: S&P 500, Russell 1000 Impairments Market Cap: $40.7b as of Sep 30, 2021 Annual revenue: $140b as of Aug 31, 2020 Changes in Accounting Estimates Disclosure Controls Corporate Governance Internal Controls CEO: Rosalind G. Brewer since 2021 Critical / Key Audit Matters CFO: Irishman J. Kehoe since 2018 1st level Anomalies in the Numbers RECENT HISTORICAL Board Chairman: Stefano Pessina since 2021 Benford's Law Audit Committee Chair: NOT AVAILABLE 2nd level Beneish M-Score Auditor: Deloitte & Touche LLP since 2002 Accounting Disclosure Complexity Outside Counsel (most recent): Weil Gotshal & Manges LLP Securities & Exchange Commission Concerns RECENT HISTORICAL Buchanan Ingersoll & Rooney PC 3rd level SEC Oversight SEC Letters to Management SEC Reviewer: Rufus Decker 4th level Revenue Recognition Non-GAAP Measures Litigation & External Pressures RECENT HISTORICAL Signicant Litigation Securities Class Actions Shareholder Activism Watchdog Research, Inc., offers both individual and group subscriptions, Cybersecurity data feeds and/or custom company reports to our subscribers. Management Review Subscribe: We have delivered 300,000 public company reports to over RECENT HISTORICAL 27,000 individuals, from over 9,000 investment rms and to 4,000+ public CEO Changes company corporate board members. CFO Changes How to analyze this company's Watchdog Insider Sales Report? Skip to the last page Pledged Securities Information in this report is effective Oct 1, 2021 and is taken from the Mergers & Acquisitions company's public nancial and regulatory lings. Latest ling 10-Q led Sales of Assets 07/01/2021. Over 75 accounting and data analysts scrutinize and review crucial information, footnotes, disclosures, etc., from these lings. Material Auditor Assessment facts are captured and processed using our proprietary methods which RECENT HISTORICAL identify key risk factors our readers need to know. Each Watchdog Report Auditor Changes represents 30 or more hours of analysis and processing. Auditor Experience Accounting and nancial disclosure data from Audit Analytics. Auditor Tenure Executive compensation data from Shore Group and Intrinio. Data from Sharadar. Audit Fees Data from Barchart via Quandl. Non-Audit Fees Data from Exchange Data International via Quandl. Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Overview Reporting Irregularities Anomalies in the Numbers SEC Concerns Litigation & External Pressures Management Review Auditor Assessment Peer Group Overview Price and Volume History This graph shows the price and trading history for Walgreens Boots Alliance. Warning signs and red ags are marked on the graph according to their disclosure dates. 1 Sep 17, 2021 - Mergers & Acquisitions 19 Feb 6, 2020 - Lawsuit: In Re Zantac (Ranitidine) Products Liability Litigation 2 Jul 1, 2021 - Disclosure Controls 20 Jan 8, 2020 - Disclosure Controls 3 Mar 31, 2021 - Disclosure Controls 21 Dec 20, 2019 - Lawsuit: Reliable Pharmacy et al v. Actavis Holdco US Inc et al 4 Feb 1, 2021 - Change in CEO 22 Oct 28, 2019 - Impairment 5 Jan 7, 2021 - Disclosure Controls 23 Oct 28, 2019 - Disclosure Controls 6 Oct 20, 2020 - Trading Suspended 24 Oct 28, 2019 - Critical / Key Audit Matters 7 Oct 15, 2020 - Impairment 25 Oct 28, 2019 - Critical / Key Audit Matters 8 Oct 15, 2020 - Impairment 26 Oct 2, 2019 - Lawsuit: In Re Juul Labs Inc Marketing Sales Practices and Products Liab… 9 Oct 15, 2020 - Disclosure Controls 27 Jun 27, 2019 - Disclosure Controls 10 Oct 15, 2020 - Critical / Key Audit Matters 28 Jun 27, 2019 - Lawsuit: Zaller v. Fred's Inc et al 11 Oct 15, 2020 - Critical / Key Audit Matters 29 Jun 27, 2019 - Securities Class Actions Lawsuit: Zaller v. Fred's Inc et al 12 Aug 18, 2020 - Lawsuit: In re Seroquel XR Extended Release Quetiapine Fumarate Antitr… 30 May 3, 2019 - Lawsuit: Dunaway et al v. Purdue Pharma LP et al 13 Jul 23, 2020 - Lawsuit: In re Bystolic Antitrust Litigation 31 Apr 5, 2019 - Lawsuit: The County Board of Arlington County Virginia v. Actavis Pharma … 14 Jul 9, 2020 - Disclosure Controls 32 Feb 14, 2019 - Insider Sale 15 Apr 2, 2020 - Disclosure Controls 33 Feb 14, 2019 - Lawsuit: Valsartan Losartan and Irbesartan Products Liability Litigation 16 Mar 3, 2020 - Lawsuit: In Re Metformin Marketing and Sales Practices Litigation 34 Dec 11, 2018 - Delisted from NYSE 17 Feb 28, 2020 - Cybersecurity 35 Nov 2, 2018 - Lawsuit: Chabot et al v. Walgreens Boots Alliance Inc et al 18 Feb 21, 2020 - Lawsuit: In Re National Prescription Opiate Litigation 36 Nov 2, 2018 - Securities Class Actions Lawsuit: Chabot et al v. Walgreens Boots Allianc… Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 37 Oct 11, 2018 - Disclosure Controls 48 Jan 17, 2018 - Insider Sale 38 Jun 28, 2018 - Disclosure Controls 49 Dec 19, 2017 - Lawsuit: Kanawha County Commission v. Rite Aid of Maryland Inc et al 39 Jun 8, 2018 - Lawsuit: Chatman v. A&L et al 50 Dec 12, 2017 - Lawsuit: Dayton v. Purdue Pharma LP et al 40 May 16, 2018 - Lawsuit: In re Novartis and Par Antitrust Litigation 51 Jun 8, 2017 - Lawsuit: McKesson Corporation et al v. Hembree et al 41 May 7, 2018 - SEC letters to management 52 May 19, 2017 - SEC letters to management 42 Mar 28, 2018 - Disclosure Controls 53 Feb 3, 2017 - Cybersecurity 43 Feb 26, 2018 - Lawsuit: Cherokee Nation The v. McKesson Corporation et al 54 Feb 3, 2017 - Lawsuit: United States of America et al v. Biogen Inc et al 44 Feb 24, 2018 - Lawsuit: Laborers' Local 231 Pension Fund et al v. Pharmerica Corporati… 55 Jan 5, 2017 - Change in Accounting Estimates 45 Feb 24, 2018 - Securities Class Actions Lawsuit: Laborers' Local 231 Pension Fund et a… 56 Nov 21, 2016 - Lawsuit: Thompson et al v. 1-800 Contacts Inc et al 46 Jan 30, 2018 - Lawsuit: United States of America et al v. Humana Inc 57 Aug 5, 2016 - Lawsuit: In Re Generic Pharmaceuticals Pricing Antitrust Litigation 47 Jan 22, 2018 - Lawsuit: County of Summit Ohio et al v. Purdue Pharma LP et al Notications Important notications related to the company are listed here. Notications may come from the SEC, exchanges such as the NYSE or NASDAQ, or Watchdog Research. Examples of notications include announcements of bankruptcy proceedings, company name changes, and noncompliance with SEC regulations or exchange rules. Walgreens Boots Alliance has 2 notications since 2016. Event date Type Headline Message Source 10/20/2020 Suspension or Delisting Trading Suspended Trading suspended. Called for redemption. NASDAQ 12/11/2018 Suspension or Delisting Delisted from NYSE Voluntary delisting from NYSE NYSE Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Peer Group Peer groups are used by companies to benchmark executive compensation and performance. Each company identies its own peer group. Peer groups vary from company to company. Peer Group Companies Who Named Walgreens Boots Alliance as a Peer Company Ticker Market Cap Company Ticker Market Cap Johnson & Johnson JNJ $425b Walmart Inc. WMT $389b Walmart Inc. WMT $389b UnitedHealth Group Inc. UNH $368b UnitedHealth Group Inc. UNH $368b Home Depot Inc. HD $349b Procter & Gamble Co. PG $339b Verizon Communications Inc. VZ $224b Pzer Inc. PFE $241b Costco Wholesale Corp. COST $199b Coca Cola Co. KO $226b Merck & Co., Inc. MRK $190b Abbott Laboratories ABT $209b McDonalds Corp. MCD $180b PepsiCo Inc. PEP $208b United Parcel Service Inc. UPS $157b Costco Wholesale Corp. COST $199b Lowe's Companies Inc. LOW $140b Walgreens Boots Alliance, Inc. WBA $40.7b Walgreens Boots Alliance, Inc. WBA $40.7b Watchdog Research, Inc. • www.watchdogresearch.com • [email protected] • (855) 820-6272 Peer Flag Comparison The return to a company’s stock is not the only measure of executive performance. Ethics matter, and growth can quickly reverse and gains evaporate if a company’s accounting and nancial reporting processes are not fundamentally sound and trustworthy. How does Walgreens Boots Alliance's accounting quality compare to its peer group? WBA PEER GROUPFLAGS WBA PEER GROUPFLAGS Reporting Irregularities Litigation & External Pressures Financial Restatements 9 Signicant Litigation 1 8 Revisions 9 Securities Class Actions 4 5 Out of Period Adjustments 9 Shareholder Activism 9 Impairments 2 7 Cybersecurity 4 5 Changes in Accounting Estimates 4 5 Management Review Disclosure Controls 2 6 1 CEO Changes 2 5 2 Internal Controls 8 1 CFO Changes 4 3 2 Critical / Key Audit Matters 7 2 Insider Sales 1 4 4 Pledged Securities 5 3 1 Anomalies in the Numbers Benford's Law 5 4 Mergers & Acquisitions 1 7 1 Beneish M-Score 7 1 Sales of Assets 9 Accounting Disclosure Complexity 6 3 Auditor Assessment Auditor Changes 9 Securities & Exchange Commission Concerns SEC Oversight 9 Auditor Experience 9 SEC Letters to Management 9 Auditor Tenure 3 6 Revenue Recognition 7 2 Audit Fees 4 5 Non-GAAP Measures 9 Non-Audit
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