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2003.  Stepp signed all of C&A's filings from the 10-K for 2001 through the quarterly report (Form 10-Q) for the second quarter of 2004.  The following table identifies the impact (in millions) of the improper recognition of the McCallum round-trip payments and the other improper supplier transactions on C&A's pre-tax operating income (or pre-tax operating loss) in each reported quarter:  

Year  

Quarter

Operating income/(loss) w/o improper transactions

Improper supplier transactions

Operating income

/ (loss) as reported

% change due to improper  transactions

2001

 Q4

   ($16.3)

$2.8

($13.5)

      17%

2002

 Q1

    49.4

       5.0

     54.4

      10%

 Q2

    79.2

       2.3

     81.5

        3%

 Q3

    (7.6)

       3.3

     (4.3)

       43%

 Q4

   33.9

       2.2

     36.1

         6%

2003

 Q1

   17.5

       1.7

     19.2

       10%

 Q2

   41.1

       3.0

     44.1

         7%

 Q3

     4.1

       4.2

       8.3

      102%

 Q4

   25.7  

       4.7

     30.4

       18%

2004

 Q1

   28.8

       1.1

     29.9

         4%  

 Q2

   20.7

       5.4

     26.1

       26%

 Q3

     1.6

       7.9

      9.5

     494%

Total

   $43.6

52.C&A has not filed any quarterly or annual reports with the Commission since filing its Form 10-Q for the third quarter of 2004 in November 2004.    

53.On January 27, 2005, C&A filed a registration statement with the SEC in connection with an anticipated exchange, for unrestricted notes, of the $415 million in restricted senior subordinated notes sold in August 2004.  The registration statement included C&A's quarterly and annual financial statements from 2001 through the third quarter of 2004.  These financial statements materially overstated C&A's earnings and consequently the January 2005 registration statement was false or misleading.   

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