Revision of Previously Issued Consolidated Financial Statements (Tables)

12 Months Ended

Mar. 04, 2023

Revision of Previously Issued Consolidated Financial Statements

Summary of revisions to the previously reported financial statements

	Previously				As
(In 000’s, except per share amounts )	Reported		Adjustment		Revised
Balance Sheet:
Accrued salaries, wages, and other current liabilities	$	724,529	$	(14,638)	$	709,891
Total current liabilities		2,727,875		(14,638)		2,713,237
Other noncurrent liabilities		130,482		(32,905)		97,577
Total liabilities		8,169,138		(47,543)		8,121,595
Accumulated deficit		(6,601,517)		(47,543)		(6,553,974)
Total stockholders’ (deficit) equity		(641,776)		(47,543)		(594,233)
Statements of Operations and Comprehensive Loss:
Facility exit and impairment charges	$	211,385	$	(30,748)	$	180,637
Loss from continuing operations before income taxes		(756,403)		30,748		(725,655)
Net loss from continuing operations		(749,936)		30,748		(719,188)
Net loss		(749,936)		30,748		(719,188)
Comprehensive loss		(749,351)		30,748		(718,603)
Basic and diluted loss per share from continuing operations		(13.71)		0.56		(13.15)
Net basic and diluted loss per share		(13.71)		0.56		(13.15)
Statement of Cash Flows:
Net loss	$	(749,936)	$	30,748	$	(719,188)
Net loss from continuing operations		(749,936)		30,748		(719,188)
Facility exit and impairment charges		211,385		(30,748)		180,637

	Previously				As
(In 000’s, except per share amounts)	Reported		Adjustment		Revised
Balance Sheet:
Accrued salaries, wages, and other current liabilities	$	780,632	$	(4,073)	$	776,559
Total current liabilities		2,933,088		(4,073)		2,929,015
Other noncurrent liabilities		151,976		(12,722)		139,254
Total liabilities		8,429,970		(16,795)		8,413,175
Accumulated deficit		(5,851,581)		16,795		(5,834,786)
Total stockholders’ (deficit) equity		99,033		16,795		115,828
Statements of Operations and Comprehensive Loss:
Facility exit and impairment charges	$	180,190	$	(16,106)	$	164,084
Loss from continuing operations before income taxes		(542,258)		16,106		(526,152)
Net loss from continuing operations		(538,478)		16,106		(522,372)
Net loss		(538,478)		16,106		(522,372)
Comprehensive loss		(529,861)		16,106		(513,755)
Basic and diluted loss per share from continuing operations		(9.96)		0.30		(9.66)
Net basic and diluted loss per share		(9.96)		0.30		(9.66)
Statement of Cash Flows:
Net loss	$	(538,478)	$	16,106	$	(522,372)
Net loss from continuing operations		(538,478)		16,106		(522,372)
Facility exit and impairment charges		180,190		(16,106)		164,084

	Previously				As
(In 000’s, except per share amounts)	Reported		Adjustment		Revised
Balance Sheet:
Accrued salaries, wages, and other current liabilities	$	642,364	$	854	$	643,218
Total current liabilities		2,602,946		854		2,603,800
Other noncurrent liabilities		208,213		(1,543)		206,670
Total liabilities		8,720,250		(689)		8,719,561
Accumulated deficit		(5,313,103)		689		(5,312,414)
Total stockholders’ (deficit) equity		615,154		689		615,843
Statements of Operations and Comprehensive Loss:
Facility exit and impairment charges	$	58,403	$	(689)	$	57,714
Loss from continuing operations before income taxes		(120,227)		689		(119,538)
Net loss from continuing operations		(100,070)		689		(99,381)
Net loss		(90,909)		689		(90,220)
Comprehensive loss		(66,065)		689		(65,376)
Basic and diluted loss per share from continuing operations		(1.87)		0.01		(1.86)
Net basic and diluted loss per share		(1.69)		0.01		(1.68)
Statement of Cash Flows:
Net loss	$	(90,909)	$	689	$	(90,220)
Net loss from continuing operations		(100,070)		689		(99,381)
Facility exit and impairment charges		58,403		(689)		57,714