AutoNation to restate 2 years of cash flows

Newswire

NEW YORK, Feb 28 (Reuters) - AutoNation Inc. on Tuesday said it would restate its cash flow statements for two years in response to discussions with the staff of the U.S. Securities and Exchange Commission. The car dealership group said the reclassification of some cash flows to financing cash flows from operating cash flows would have no effect on its previously reported net income, earnings per share, or revenue. However, AutoNation said its previously issued consolidated financial ...

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