Undoubtedly lost in the torrent of news about the big profits for movie rental outfit Blockbuster (NYSE: BBI - News) was a less positive press release filed immediately before the earnings news. It announced that the company would be restating results for 2003 and 2004, along with the first nine months of 2005. While the release says that the restatements don't alter revenues, earnings, assets, equity, or total cash flows, they do significantly ratchet down operating cash flows.
