Immaterial Restatement of Prior Period Financial Statements (Tables)

3 Months Ended

Jan. 28, 2024

Immaterial Restatement of Prior Period Financial Statements

Prior Period Impacts to the Company's Financial Statements

The prior period impacts to our statement of consolidated income and the related impacts to the statement of consolidated comprehensive income were as follows:

	Three Months Ended January 29, 2023
	Previously				As
	Reported		Adjustment		Adjusted
Revenues
Finance income earned on retail notes	$	315.9	$	14.1	$	330.0
Lease revenues		240.7		1.8		242.5
Total revenues		820.6		15.9		836.5
Expenses
Administrative and operating expenses		108.5		28.2		136.7
Total operating expenses		334.1		28.2		362.3
Total expenses		635.1		28.2		663.3
Income of Consolidated Group before Income Taxes		185.5		(12.3)		173.2
Provision for income taxes		39.6		(2.8)		36.8
Income of Consolidated Group		145.9		(9.5)		136.4
Net Income		146.9		(9.5)		137.4
Net Income Attributable to the Company	$	147.1	$	(9.5)	$	137.6

The prior period impacts to our consolidated balance sheet and the related components of stockholder’s equity were as follows:

	January 29, 2023
	Previously				As
	Reported		Adjustment		Adjusted
Assets
Receivables:
Retail notes	$	23,937.2	$	(61.7)	$	23,875.5
Total receivables		42,655.5		(61.7)		42,593.8
Total receivables – net		42,533.8		(61.7)		42,472.1
Deferred income taxes		24.4		2.5		26.9
Total Assets	$	49,406.4	$	(59.2)	$	49,347.2
Liabilities and Stockholder’s Equity
Accounts payable and accrued expenses	$	893.4	$	103.0	$	996.4
Deferred income taxes		225.5		(33.3)		192.2
Total liabilities		44,402.3		69.7		44,472.0
Stockholder’s equity:
Retained earnings		3,572.4		(128.9)		3,443.5
Total Company stockholder’s equity		5,002.8		(128.9)		4,873.9
Total stockholder’s equity		5,004.1		(128.9)		4,875.2
Total Liabilities and Stockholder’s Equity	$	49,406.4	$	(59.2)	$	49,347.2

The prior period impacts to our statement of consolidated cash flows were as follows:

	Three Months Ended January 29, 2023
	Previously				As
	Reported		Adjustment		Adjusted
Cash Flows from Operating Activities:
Net income	$	146.9	$	(9.5)	$	137.4
Adjustments to reconcile net income to net cash
provided by operating activities:
Credit for deferred income taxes		(11.3)		(2.7)		(14.0)
Change in accounts payable and accrued expenses		29.1		11.8		40.9
Other		(9.6)		.4		(9.2)
Net cash provided by operating activities	$	338.7	$		$	338.7