EMC 2011 Annual Report Download - page 103
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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, 2011 allowance for doubtful accounts $ 60,535 $ 20,255 $ — $ (16,136) $ 64,654
Year ended December 31, 2010 allowance for doubtful accounts 51,114 18,965 — (9,544) 60,535
Year ended December 31, 2009 allowance for doubtful accounts 50,580 14,351 — (13,817) 51,114
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, 2011 allowance for sales returns $ 157,830 $ 18,861 $ — $ (43,808) $ 132,883
Year ended December 31, 2010 allowance for sales returns 129,205 47,229 — (18,604) 157,830
Year ended December 31, 2009 allowance for sales returns 89,433 69,346 — (29,574) 129,205
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, 2011 income tax valuation allowance $ 4,350 $ 943 $ — $ — $ 5,293
Year ended December 31, 2010 income tax valuation allowance 21,815 — (662) (16,803) 4,350
Year ended December 31, 2009 income tax valuation allowance 15,993 — 5,822 — 21,815
* Amount represents valuation allowances recognized in connection with business combinations and equity.
S-1