Computer Associates 2007 Annual Report Download - page 57
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$32 million to $1.72 billion. The estimated amounts expected to be collected and a reconciliation of such amounts to the
amounts we recorded as accounts receivable are as follows:
Reconciliation of Amounts to be Collected to Accounts Receivable
(IN MILLIONS)
MARCH 31,
2007
MARCH 31,
2006
Current:
Accounts receivable $779 $ 828
Other receivables 101 77
Amounts to be billed within the next 12 months — business model 1,525 1,785
Amounts to be billed within the next 12 months — prior business model 146 149
Less: allowance for doubtful accounts (32) (25)
Net amounts expected to be collected — current 2,519 2,814
Less:
Unamortized discounts (32) (44)
Unearned maintenance (1) (4)
Deferred subscription revenue — current, billed (571) (429)
Deferred subscription value — current, uncollected (362) (581)
Deferred subscription value — noncurrent, uncollected, related to current accounts receivable (1,163) (1,204)
Trade and installment accounts receivable — current, net 390 552
Non-Current:
Amounts to be billed beyond the next 12 months — business model 1,358 1,236
Amounts to be billed beyond the next 12 months — prior business model 357 511
Less: allowance for doubtful accounts (5) (20)
Net amounts expected to be collected — noncurrent 1,710 1,727
Less:
Unamortized discounts (18) (34)
Unearned maintenance (3) (8)
Deferred subscription value — noncurrent, uncollected (1,358) (1,236)
Installment accounts receivable — noncurrent, net 331 449
Total accounts receivable, net $721 $ 1,001
Deferred Subscription Value:
Deferred subscription revenue (collected) — current $ 1,793 $ 1,492
Deferred subscription revenue (collected) — noncurrent 451 423
Deferred subscription revenue current, billed 571 429
Deferred subscription value — current, uncollected 362 581
Deferred subscription value — noncurrent, uncollected, related to current accounts receivable 1,163 1,204
Deferred subscription value — noncurrent, uncollected 1,358 1,236
Financing obligations (collected) — current 63 25
Financing obligations (collected) — noncurrent 39 25
Aggregate deferred subscription value balance $ 5,800 $ 5,415
In any fiscal year, cash generated by continuing operating activities typically increases in each consecutive quarter throughout
the fiscal year, with the fourth quarter being the highest and the first quarter being the lowest, which may even be negative.The
timing of cash generated during the fiscal year is impacted by many factors, including the timing of new or renewed contracts
and the associated billings, as well as the timing of any customer financing or transfer of our interest in such contractual
installments. Other factors that influence the levels of cash generated throughout the quarter can include the level and timing
of expenditures. For fiscal year 2007, the cash generated by continuing operating activities was highest in the third quarter,
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