Pasadena, Calif. (March 11, 2003) -- Gemstar-TV Guide International announced Monday that a review of its accounting policies will force it to lower its revenue figures for several periods by more than $110 million.
The television programming guide publisher said on Jan. 23 that it might restate some revenues. The company added that its consolidated income before income taxes and extraordinary items will be slashed by $36.3 million and consolidated earnings before interest, taxes, depreciation and amortization will be reduced by $45.2 million.
The periods affected by the restatements will include the fiscal periods ended March 31, 2000, Dec. 31, 2000 and Dec. 31, 2001, as well as the March, June and September quarters in 2002.
-- Electronic Accountant Newswire staff
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access