EMC 2009 Annual Report Download - page 101
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Table of Contents
EMC CORPORATION AND SUBSIDIARIES
SCHEDULE II–VALUATION AND QUALIFYING ACCOUNTS
(in thousands)
Allowance for Bad Debts
Balance at
Beginning
of Period
Allowance for
Bad Debts
Charged to
Selling, General
and
Administrative
Expenses
Charged to
Other
Accounts
Bad Debts
Write-Offs
Balance at
End of
Period
Description
Year ended December 31, 2009 allowance for doubtful accounts $ 50,580 $ 14,351 $ — $ (13,817) $ 51,114
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
Note: The allowance for doubtful accounts includes both current and non-current portions.
Allowance for Sales Returns
Balance at
Beginning
of Period
Allowance for
Sales Returns
Accounted for as
a Reduction in
Revenue
Charged to
Other
Accounts Sales Returns
Balance at
End of
Period
Description
Year ended December 31, 2009 allowance for sales returns $ 89,433 $ 69,346 $ — $ (29,574) $ 129,205
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
Tax Valuation Allowance
Balance at
Beginning
of Period
Tax Valuation
Allowance
Charged to
Income Tax
Provision
Charged
(credited)
to Other
Accounts*
Tax Valuation
Allowance
Credited to
Income Tax
Provision
Balance at
End of
Period
Description
Year ended December 31, 2009 income tax valuation allowance $ 15,993 $ — $ 5,822 $ — $ 21,815
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
* Amount represents valuation allowances recognized in connection with business combinations and equity.
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