EMC 2007 Annual Report Download - page 81
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EMC CORPORATION
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued)
Gross realized losses on strategic investments were $15.0 million, $9.3 million and $1.4 million in 2007, 2006 and 2005, respectively.
H. Inventories
Inventories consist of (table in thousands):
December 31, 2007 December 31, 2006
Purchased parts $ 70,981 $ 75,206
Work-in-process 484,929 451,045
Finished goods 321,333 308,549
$ 877,243 $ 834,800
I. Notes Receivable
Notes receivable are primarily from sales-type leases of our products. The payment schedule for such notes at December 31, 2007 is as follows (table in
thousands):
2008 $ 74,879
2009 74,981
2010 68,129
Thereafter 328
Total 218,317
Less amounts representing interest (16,604)
Present value 201,713
Current portion (included in accounts and notes receivable) 69,667
Long-term portion (included in other assets, net) $ 132,046
Actual cash collections may differ from amounts shown on the table due to early customer buyouts, trade-ins or refinancings. We typically sell without
recourse our notes receivable and underlying equipment associated with our sales-type leases to third parties.
We maintain an allowance for doubtful accounts for the estimated probable losses on uncollected notes receivable. This allowance is part of our
allowance for bad debts (See Note A).
J. Property, Plant and Equipment
Property, plant and equipment consists of (table in thousands):
December 31, 2007 December 31, 2006
Furniture and fixtures $ 217,503 $ 190,925
Equipment 3,198,878 2,799,367
Buildings and improvements 1,182,648 1,039,409
Land 115,539 116,222
Building construction in progress 92,183 141,196
4,806,751 4,287,119
Accumulated depreciation (2,647,355) (2,251,560)
$ 2,159,396 $ 2,035,559
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