EMC 2007 Annual Report Download - page 115
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EMC CORPORATION AND SUBSIDIARIES
SCHEDULE II–VALUATION AND QUALIFYING ACCOUNTS
(in thousands)
Allowance for Bad Debts
Allowance for
Bad Debts
Charged to
Selling, General
and
Administrative
Expenses
Description
Balance at
Beginning of
Period
Charged to
Other
Accounts
Bad Debts
Write-Offs
Balance at
End of
Period
Year ended December 31, 2007 allowance for
doubtful accounts $ 41,509 $ 8,885 $ — $ (14,505) $ 35,889
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
Note: The allowance for doubtful accounts includes both current and non-current portions.
Allowance for Sales Returns
Allowance for
Sales Returns
Accounted for as
a Reduction
(Increase)
in Revenue
Description
Balance at
Beginning
of Period
Charged to
Other
Accounts Sales Returns
Balance at
End of
Period
Year ended December 31, 2007 allowance for
sales returns $ 39,378 $ 66,359 $ — $ (56,520) $ 49,217
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
Tax Valuation Allowance
Tax Valuation
Allowance
Charged to
Income Tax
Provision
Tax Valuation
Allowance
Credited to
Income Tax
Provision
Description
Balance at
Beginning
of Period
Charged to
Other
Accounts*
Balance at
End of
Period
Year ended December 31, 2007 income tax
valuation allowance $ 55,531 $ — $ 4,427 $ (31,939) $ 28,019
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
* Amount represents valuation allowances recognized in connection with business combinations.
S-1