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In cases where the carrying value of tax assets or liabilities has changed, the company may need to do a write-down, and in certain cases involving in particular a fundamental error, a restatement of its financial results from previous years. Such write-downs may involve either significant income or expenditure being recorded in the company's ...
On Nov. 8, 2012, Phoenix announced that it would restate previously issued GAAP financial statements for the years ended December 31, 2011, 2010 and 2009, the interim periods for 2011, and the ...
The restatements, covering the quarters ending December 30, 2023, March 30, 2024, and June 30, 2024, show that Symbotic had overstated its systems revenue and gross profit, while understating its operating and net losses. These adjustments paint a starkly different picture of the company’s financial performance during that period.
On March 15, 2004, Chang's reported that it had modified its partnership accounting, which resulted in a restatement of its financial results for prior years. [21] On March 17, 2005, the company adjusted its accounting for leases in order to conform with U.S. generally accepted accounting principles.
These restatement adjustments reduce both income from operations and income before income taxes for fiscal year 2011 and first quarter 2012 by $2.6 million and $836,000, respectively.
Chimera Investment Corporation Files 2011 Annual Report on Form 10-K and Restated Prior Periods NEW YORK--(BUSINESS WIRE)-- Chimera Investment Corporation (NYS: CIM) today filed with the U.S ...
On February 13, 2003, the company restated its financial statements as of and for the years ended December 31, 2001 to 2000 as well as its interim financial statements for the first three quarters of 2002 to reflect an adjustment to the company's historical accounting for CNA's investment in life settlement contracts and the related revenue ...
The restatements, covering the quarters ending December 30, 2023, March 30, 2024, and June 30, 2024, show that Symbotic had overstated its systems revenue and gross profit, while understating its operating and net losses. These adjustments paint a starkly different picture of the company’s financial performance during that period.