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Merrill Lynch restates cash flows for 2005, 2006: report

SAN FRANCISCO (MarketWatch) - Merrill Lynch & Co. restated its cash flows for fiscal 2005 and 2006, and noted the restatements were the result of errors that offset each other, the Wall Street Journal reported on its Web site late Monday. The investment bank said in a regulatory filing that it had overstated cash provided by financing activities, but the overstatement was offset by its overstatement of cash used in operating activities, the newspaper said. Merrill Lynch’s total revenues, net income, earnings per share, total cash flows, cash and cash equivalents, regulatory capital, excess liquidity pool, and equity capital were not affected, it said in the filing.
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This entry was posted on Monday, February 25th, 2008 at 6:11 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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