EMC 2008 Annual Report Download - page 123
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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
and
Administrative
Expenses
Allowance for Bad Debts
Description
Balance at
Beginning of
Period
Charged to
Other
Accounts Bad Debts
Write-Offs
Balance at
End of
Period
Year ended December 31, 2008 allowance for doubtful accounts $ 35,889 $ 34,667 $ — $ (19,976) $ 50,580
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
Note: The allowance for doubtful accounts includes both current and non-current portions.
Allowance for
Sales Returns
Accounted for as
a Reduction
in Revenue
Allowance for Sales Returns
Balance at
Beginning
of Period
Charged to
Other
Accounts Sales Returns
Balance at
End of
Period
Description
Year ended December 31, 2008 allowance for sales returns $ 49,217 $ 73,856 $ — $ (33,640) $ 89,433
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
Tax Valuation
Allowance
Charged to
Income Tax
Provision
Tax Valuation
Allowance
Credited to
Income Tax
Provision
Tax Valuation Allowance
Balance at
Beginning
of Period
Charged to
Other
Accounts*
Balance at
End of
Period
Description
Year ended December 31, 2008 income tax valuation allowance $ 28,019 $ — $ (12,026) $ — $ 15,993
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
* Amount represents valuation allowances recognized in connection with business combinations.
S-1