EMC 2006 Annual Report Download - page 111
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Table of Contents
EMC CORPORATION AND SUBSIDIARIES
SCHEDULE II–VALUATION AND QUALIFYING ACCOUNTS
(in thousands)
Allowance for Bad Debts
Description
Balance at
Beginning of
Period
Allowance for
Bad Debts
Charged to
Selling, General
and
Administrative
Expenses
Charged to
Other
Accounts
Bad Debts
Write-Offs
Balance at
End of
Period
Year ended December 31, 2006 allowance for doubtful accounts $ 39,926 $ 10,290 $ — $ (8,707) $ 41,509
Year ended December 31, 2005 allowance for doubtful accounts 41,701 9,750 — (11,525) 39,926
Year ended December 31, 2004 allowance for doubtful accounts 41,982 10,067 — (10,348) 41,701
Note: The allowance for doubtful accounts includes both current and non-current portions.
Allowance for Sales Returns
Description
Balance at
Beginning
of Period
Allowance for
Sales Returns
Accounted for as
a Reduction
(Increase)
in Revenue
Charged to
Other
Accounts
Sales Returns
Balance at
End of
Period
Year ended December 31, 2006 allowance for sales returns $ 24,826 $ 35,767 $ — $ (21,215) $ 39,378
Year ended December 31, 2005 allowance for sales returns 38,471 9,225 — (22,870) 24,826
Year ended December 31, 2004 allowance for sales returns 60,813 (5,688) — (16,654) 38,471
Tax Valuation Allowance
Description
Balance at
Beginning
of Period
Tax Valuation
Allowance
Charged to
Income Tax
Provision
Charged to
Other
Accounts*
Tax Valuation
Allowance
Credited to
Income Tax
Provision
Balance at
End of
Period
Year ended December 31, 2006 income tax valuation allowance $ 63,817 $ 6,289 $ (1,172) $ (13,403) $ 55,531
Year ended December 31, 2005 income tax valuation allowance 61,976 7,443 (607) (4,995) 63,817
Year ended December 31, 2004 income tax valuation allowance 60,085 12,127 (3,816) (6,420) 61,976
*Amount represents valuation allowances recognized in connection with business combinations.
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