Revision of Previously Issued Consolidated Financial Statements (Tables)

6 Months Ended

Sep. 02, 2023

Revision of Previously Issued Consolidated Financial Statements

Schedule 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	$	894,079	$	(17,360)	$	876,719
Total current liabilities		6,517,954		(17,360)		6,500,594
Other noncurrent liabilities		188,597		(40,728)		147,869
Total liabilities		9,092,222		(58,088)		9,034,134
Accumulated deficit		(7,928,265)		58,088		(7,870,177)
Total stockholders’ (deficit) equity		(1,966,270)		58,088		(1,908,182)
Statements of Operations and Comprehensive Loss:
Facility exit and impairment charges	$	310,761	$	(10,236)	$	300,525
Loss before income taxes		(1,017,692)		10,236		(1,007,456)
Net loss		(1,020,030)		10,236		(1,009,794)
Comprehensive loss		(1,020,030)		10,236		(1,009,794)
Basic and diluted loss per share		(18.44)		0.18		(18.26)

	Previously				As
(In 000’s, except per share amounts)	Reported		Adjustment		Revised
Balance Sheet:
Accrued salaries, wages, and other current liabilities	$	729,561	$	(13,676)	$	715,885
Total current liabilities		2,818,767		(13,676)		2,805,091
Other noncurrent liabilities		151,616		(26,443)		125,173
Total liabilities		8,703,523		(40,119)		8,663,404
Accumulated deficit		(6,293,062)		40,119		(6,252,943)
Total stockholders’ (deficit) equity		(336,398)		40,119		(296,279)
Statements of Operations and Comprehensive Loss:
Facility exit and impairment charges	$	45,845	$	1,426	$	47,271
Loss before income taxes		(319,323)		(1,426)		(320,749)
Net loss		(331,290)		(1,426)		(332,716)
Comprehensive loss		(331,290)		(1,426)		(332,716)
Basic and diluted loss per share		(6.07)		(0.03)		(6.10)

	Previously				As
(In 000’s, except per share amounts)	Reported		Adjustment		Revised
Balance Sheet:
Accrued salaries, wages, and other current liabilities	$	894,079	$	(17,360)	$	876,719
Total current liabilities		6,517,954		(17,360)		6,500,594
Other noncurrent liabilities		188,597		(40,728)		147,869
Total liabilities		9,092,222		(58,088)		9,034,134
Accumulated deficit		(7,928,265)		58,088		(7,870,177)
Total stockholders’ (deficit) equity		(1,966,270)		58,088		(1,908,182)
Statements of Operations and Comprehensive Loss:
Facility exit and impairment charges	$	330,762	$	(10,545)	$	320,217
Loss before income taxes		(1,322,917)		10,545		(1,312,372)
Net loss		(1,326,748)		10,545		(1,316,203)
Comprehensive loss		(1,326,748)		10,545		(1,316,203)
Basic and diluted loss per share		(24.02)		0.19		(23.83)
Statement of Cash Flows:
Net loss	$	(1,326,748)	$	10,545	$	(1,316,203)
Facility exit and impairment charges		330,762		(10,545)		320,217

	Previously				As
(In 000’s, except per share amounts)	Reported		Adjustment		Revised
Balance Sheet:
Accrued salaries, wages, and other current liabilities	$	729,561	$	(13,676)	$	715,885
Total current liabilities		2,818,767		(13,676)		2,805,091
Other noncurrent liabilities		151,616		(26,443)		125,173
Total liabilities		8,703,523		(40,119)		8,663,404
Accumulated deficit		(6,293,062)		40,119		(6,252,943)
Total stockholders’ (deficit) equity		(336,398)		40,119		(296,279)
Statements of Operations and Comprehensive Loss:
Facility exit and impairment charges	$	112,416	$	(23,324)	$	89,092
Loss before income taxes		(426,017)		23,324		(402,693)
Net loss		(441,481)		23,324		(418,157)
Comprehensive loss		(441,481)		23,324		(418,157)
Basic and diluted loss per share		(8.11)		0.43		(7.68)
Statement of Cash Flows:
Net loss	$	(441,481)	$	23,324	$	(418,157)
Facility exit and impairment charges		112,416		(23,324)		89,092