EMC 2004 Annual Report Download - page 105

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Table of Contents
EMC CORPORATION AND SUBSIDIARIES
SCHEDULE II–VALUATION AND QUALIFYING ACCOUNTS
(in thousands)
Allowance for
Bad Debts
Charged to
Selling, General
Balance at and Charged to Balance at
Beginning Administrative Other Bad Debts End of
Description of Period Expenses Accounts Write-Offs Period
Year ended December 31, 2004
allowance for doubtful accounts $ 41,982 $ 10,067 $ – $ (10,348) $ 41,701
Year ended December 31, 2003
allowance for doubtful accounts
51,551
1,761
–
(11,330)
41,982
Year ended December 31, 2002
allowance for doubtful accounts 36,169 35,171 – (19,789) 51,551
Note: The allowance for doubtful accounts includes both current and non-current portions.
Allowance for
Sales Returns
Accounted for
Balance at as a Reduction Charged to Balance at
Beginning (Increase) Other End of
Description of Period in Revenue Accounts Sales Returns Period
Year ended December 31, 2004 allowance for sales returns $ 60,813 $ (5,688) $ – $ (16,654) $ 38,471
Year ended December 31, 2003 allowance for sales returns 127,941 (19,417) – (47,711) 60,813
Year ended December 31, 2002 allowance for sales returns 121,776 158,640 – (152,475) 127,941
Tax
Valuation Tax
Allowance Valuation
Charged to Allowance
Balance at Income Charged to Credited to Balance at
Beginning Tax Other Income Tax End of
Description of Period Provision Accounts* Provision Period
Year ended December 31, 2004
income tax valuation allowance $ 60,085 $ 12,127 $ (3,816) $ (6,420) $ 61,976
Year ended December 31, 2003
income tax valuation allowance
64,148
17,629
14,921
(36,613)
60,085
Year ended December 31, 2002
income tax valuation allowance 95,237 8,953 – (40,042) 64,148
* Amount represents valuation allowances recognized in connection with business combinations.
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