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Lennar Corporation Message Board

  • rontgi rontgi Oct 11, 2005 6:19 PM Flag

    Earnings NO ADJ, ????

    Lennar says reviewing item in cash flow statement
    Tue Oct 11, 2005 05:54 PM ET
    LOS ANGELES, Oct 11 (Reuters) - Builder Lennar Corp. (LEN.N: Quote, Profile, Research) on Tuesday said that it was reviewing the classification of an item on its statements of cash flows, but said it expected no effect on its balance sheet or reported earnings from the accounting review.
    The Miami-based home builder said it had asked securities regulators for an extension of the deadline for filing its quarterly report for the period ended Aug. 31.

    It said the accounting item under review concerned the treatment of earnings from unconsolidated entities and whether those should be classified as cash flows from operations rather than investments.>>>

    More negative cash FLOW,,,,,,

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