SEC asks automakers to correct cash flow statements

Newswire

By Arindam Nag NEW YORK, Feb 28 (Reuters) - U.S. securities regulators have asked U.S. auto makers to correct the way they report cash flow from leases in their account books, the regulators said on Monday. The change will not result in restatements of earnings and will not change the overall net cash flow of a company, but could reduce net cash flow from operations, a measure closely watched by lenders and investors. "We did not believe that their presentation was in accordance with ...

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