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Summary of Restatement Adjustments for the year ended December 31, 2001:
Additionally, the cumulative effect of the Second Restatement adjustments was a (decrease) increase to additional paid-in capital, deferred
stock option compensation, accumulated deficit and accumulated other comprehensive loss as of January 1, 2001, as previously reported, of
$(10), $56, $1,432 and $(189), respectively. The effect of the Second Restatement adjustments on the consolidated balance sheet as of
December 31, 2002 is shown following the discussion below.
Revenues and cost of revenues
Revenues and cost of revenues were impacted by various errors related to revenue recognition, corrections to foreign exchange accounting,
intercompany related items, special charges and other adjustments, including financial statement reclassifications. These items are further
described below. The net impact to revenues of the adjustments was an increase of $439 and $1,492 for the years ended December 31, 2002
and 2001, respectively. The net impact to cost of revenues related to these revenue adjustments, and the other corrections was an increase of
$305 and $598 for the years ended December 31, 2002 and 2001, respectively. The following table summarizes the revenue recognition
adjustments and other adjustments to revenues and cost of revenues, which increased gross profit by $134 and increased gross profit by $894
for the years ended December 31, 2002 and 2001, respectively:
F-21
Revenues Inter- Dis-
and cost o
f
Foreign company Special Reclassifi- continued Total
revenues exchange balances charges Other cations operations adjustments
Revenues $ 1,534 $ (42) $
–
$ – $ – $ – $ – $ 1,492
Cost of revenues 522 (73) 45 152 (88) 40 – 598
Gross profit 1,012 31 (45) (152) 88 (40) – 894
Sellin
g
,
g
eneral and administrative ex
p
ense – (31) 42 – (233) (12) 536 302
Research and development expense –
–
(27) – (54) (5) – (86)
Amortization of intangibles — goodwill –
–
–
(91) – – – (91)
Deferred stock option compensation –
–
–
123 – 16 – 139
Special charges
Goodwill impairment –
–
–
(695) – – – (695)
Other special charges –
–
–
(150) – – – (150)
(Gain) loss on sale of businesses and assets –
–
–
– (3) 29 – 26
Other income (expense) — net – (194) 8 – (22) 90 – (118)
Interest expense — long term debt –
–
–
– (4) – – (4)
Interest expense — other –
–
10 – 2 – – 12
Income tax benefit (expense) –
–
–
– (401) – – (401)
Minorit
y
interests
—
net of tax –
–
–
–(12) (22) – (34)
Net earnings (loss) from
discontinued operations — net of tax
–
–
–
– – – 529 529
Total restatement adjustments $ 1,012 $ (132) $ (42) $ 661 $ (59) $ – $ (7) $ 1,433