PACR » Topics » Reclassifications

This excerpt taken from the PACR 10-Q filed Oct 29, 2008.

Reclassifications

The Company has made a reclassification to the 2007 Condensed Consolidated Statement of Cash Flows to conform to the 2008 presentation. The “book overdraft” within the accounts payable and other accrued liabilities line item has been reclassified from cash flows from financing activities to cash flows from operating activities in the amount of $6.8 million for the nine months ended September 21, 2007. The reclassification had no effect on the Company’s condensed consolidated income from operations, net income, financial position or the change in cash and cash equivalents.

This excerpt taken from the PACR 10-Q filed Aug 6, 2008.

Reclassifications

The Company has made a reclassification to the 2007 Condensed Consolidated Statement of Cash Flows to conform to the 2008 presentation. The “book overdraft” within the accounts payable and other accrued liabilities line item has been reclassified from cash flows from financing activities to cash flows from operating activities in the amount of $4.8 million for the six months ended June 29, 2007. The reclassification had no effect on the Company’s condensed consolidated income from operations, net income, financial position or the change in cash and cash equivalents.

This excerpt taken from the PACR 10-Q filed May 7, 2008.

Reclassifications

The Company has made a reclassification to the 2007 Condensed Consolidated Statement of Cash Flows to conform to the 2008 presentation. The “book overdraft” line item has been reclassified from cash flows from financing activities to cash flows from operating activities in the amount of $(3.1) million for the three months ended April 6, 2007. The reclassification had no effect on the Company’s condensed consolidated income from operations, net income, financial position or the change in cash and cash equivalents.

This excerpt taken from the PACR 10-K filed Feb 19, 2008.

Reclassifications

 

The Company has made a reclassification to the 2006 and 2005 Consolidated Statements of Cash Flows to conform to the 2007 presentation. The “book overdraft” line item has been reclassified from cash flows from financing activities to cash flows from operating activities in the amount of $3.1 million and $(18.6) million for the 2006 and 2005 years, respectively. All periods presented have been reclassified with no effect on the Company’s consolidated income from operations, net income, financial position or the change in cash and cash equivalents.

 

This excerpt taken from the PACR 10-K filed Feb 21, 2007.

Reclassifications

 

The Company has changed the components and the names of its two reportable operating segments. All periods presented have been reclassified, with no effect on the Company’s consolidated income from operations, net income or financial position. The rail brokerage unit has been transferred to the intermodal segment (previously called the wholesale segment) and will now be managed and reported along with the Stacktrain and cartage operations. This reclassification incorporates all of the Company’s intermodal operations into one segment. The retail segment has been renamed the logistics segment and consists of the Company’s highway brokerage, truck services, warehousing and distribution, international freight forwarding and supply chain services non-intermodal operations.

 

This excerpt taken from the PACR 10-K filed Mar 14, 2005.

Reclassifications

 

The Company has changed the presentation of the Consolidated Statements of Operations. All periods presented have been reclassified, with no effect on the Company’s consolidated income from operations, net income or financial position, by presenting the cost of purchased transportation and services as an operating expense and eliminating the net revenue line item.

 

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