AKRON (Nov. 20)—A readjustment in Goodyear's financial data for a more than four-year span has resulted in a net income reduction of $84.7 million for a period covering pre-2000, 2000, 2001, 2002 and the first six months of 2003. The company said it completed an analysis of financial statements filed for the period and the impact on net income includes an increase of $10.4 million for the first six months of 2003; a decrease of $16.9 million in 2002; a decrease of $26.2 million for 2001; an increase of $900,000 in 2000; and a $52.9 million reduction to shareholders' equity prior to Jan. 1, 2000. Goodyear revealed in late October it overstated its profits from 1998 through June 2003, blaming errors on accounting and billing systems. The errors were primarily in the firm's North American Tire and Engineered Products businesses.
Goodyear trims net income for more than four-year period
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