Reuters logo
BRIEF-U.S. Concrete to restate its 2015 financial statements
2016年4月27日 / 晚上10点02分 / 1 年前

BRIEF-U.S. Concrete to restate its 2015 financial statements

April 27 (Reuters) - U.S. Concrete

* U.S. Concrete Announces Reversal Of Non Cash income tax position; company will restate its 2015 financial statements

* Will restate its financial statements and amend certain disclosures for year ended december 31, 2015

* Restatement is related to company’s $24.8 million deferred tax asset

* During q4 of 2015, company concluded that valuation allowance on a portion of its net deferred tax assets could be reversed

* Reflected reversal of valuation allowance in its consolidated statement of operations for year ended december 31, 2015

* Deferred tax asset had no valuation allowance recorded against it as of december 31, 2015

* Adjustments to not affect adjusted ebitda, cash flow from operations for year ended dec 31, 2015 nor our future operational prospects

* To eliminate deferred tax asset from its consolidated balance sheet as of december 31, 2015

* To eliminate a $6.1 million tax deduction included in income tax benefit in its consolidated statement of operations for year ended dec 31

* Intends to file a form 10-k/a for year ended december 31, 2015 as soon as possible to implement these changes Source text for Eikon: Further company coverage:

我们的标准汤森路透“信任原则”
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below