Following is a list of restatements reported to the SEC that concern environmental matters and/or asset retirement obligations.*  Click on the file date to view the SEC filing.


Company Filing Description Date Auditor Stock Price
General Motors 10-K Restated financial statements for 2004 and 2005 to increase accrued liabilities for environmental operation and maintenance costs for certain environmental sites. Pre-tax earnings were decreased, through an increase to cost of sales, by $1.4 million ($0.9 million after tax) and $4.9 million ($3.2 million after tax) in 2005 and 2004, respectively, and retained earnings at January 1, 2004 was decreased by $32.2 million. 03/15/07 Deloitte GM
South Texas Oil Company 10-KSB/A Restated financial statements for 2004 - 2005 to record asset retirement obligations of $480,492 and related accretion of $27,354. 06/14/07 Larry O'Donnell, CPA, P.C. STXX
Telephone & Data Systems Inc. 10-K/A Reclassification of improperly classified ARO liabilities and assets. 02/23/07 PWC TDS
Hancock Fabrics 10-K Restated financial statements for 2003 - 2005 to record asset retirement obligations of $383,000 for removal of signage at leased properties. 01/05/07 PWC HKF
PDC 2004-A Limited Partnership 10-K Restated financial statements for 2004 to record asset retirement obligations of $136,919 assumed in connection with development activities and acquisitions. 12/21/06 KPMG
Wentworth Energy 10-KSB/A Restated financial statements for 2005 to record an asset retirement obligation of $189,000 for the cost of plugging and abandoning wells acquired in 2005. 12/20/06 MacKay LLP WNWG
USA Mobility 10-K Restated financial statements for 2003 - 2005 to record $2.9 million in current liabilities and $5.4 million in long-term liabilities for AROs. 05/25/06 PWC USMO
New Century Energy Corp. 10-KSB Record $305,073 asset retirement obligation effective as of January 1, 2003 04/17/06 Malone & Bailey NCEY
Goldspring Inc. 10-KSB Reclassification of $453,786 in mine reclamation costs from FAS 143 to SOP 96-1. 04/14/06 Jewett, Schwartz, & Assoc. GSPG
Baseline Oil & Gas 10-KSB Increase of $611,685 in asset retirement obligations for period ended December 31, 2004. 03/31/06 Malone & Bailey BOGA
US Neurosurgical 10-K/A Restatement to reflect the cumulative effect of adopting FAS143 in the statement of operations for the year ended December 31, 2003, rather than reflecting it directly within retained earnings. 03/09/06 Goodman USNU
Millennium Chemicals Inc. 10-K Increase of $52 million in its recorded liabilities for environmental remediation 03/16/05 PWC LYO
Waste Management, Inc. 10-K Adjustments for environmental and closure/post-closure costs and reserves ($173 million), purchase accounting related to remediation reserves ($128 million), and asset impairment losses ($214 million) 03/30/98   WMI

* This list may not include all reported restatements related to environmental matters.  If you aware of relevant reports not listed above, please let us know.



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