SanDisk 2011 Annual Report Download - page 143
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This is a TAB type table. Insert
conts here. Annual Report
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
Effect of Non-Designated Derivative Contracts on the Consolidated Statements of Operations. The effect
of non-designated derivative contracts on the Company’s results of operations recognized in other income
(expense) for fiscal years 2011, 2010 and 2009 was as follows (in thousands):
Fiscal years ended
January 1,
2012
January 2,
2011
January 3,
2010
Gain (loss) on foreign exchange contracts including forward point income ..... $ (14,068) $ (41,095) $ 92,291
Gain (loss) from revaluation of foreign currency exposures hedged by foreign
exchange contracts ............................................... 17,479 41,514 (88,342)
Note 5: Balance Sheet Information
Accounts Receivable from Product Revenues, net. Accounts receivable from product revenues, net, were as
follows (in thousands):
January 1,
2012
January 2,
2011
Trade accounts receivable ........................................................ $ 692,702 $ 621,822
Allowance for doubtful accounts .................................................. (5,717) (8,416)
Price protection, promotions and other activities ...................................... (165,222) (245,622)
Total accounts receivable from product revenues, net .............................. $ 521,763 $ 367,784
Allowance for Doubtful Accounts. The activity in the allowance for doubtful accounts was as follows (in
thousands):
January 1,
2012
January 2,
2011
January 3,
2010
Balance, beginning of period ......................................... $ 8,416 $ 12,348 $ 13,881
Additions (reductions) charged to costs and expenses .................. (1,476) (2,575) (719)
Deductions/write-offs ........................................... (1,223) (1,357) (814)
Balance, end of period .............................................. $ 5,717 $ 8,416 $ 12,348
Inventory. Inventory was as follows (in thousands):
January 1,
2012
January 2,
2011
Raw material .................................................................. $ 398,308 $ 314,027
Work-in-process ............................................................... 89,332 48,889
Finished goods ................................................................ 190,742 146,669
Total inventory ............................................................ $ 678,382 $ 509,585
Other Current Assets. Other current assets were as follows (in thousands):
January 1,
2012
January 2,
2011
Royalty and other receivables ..................................................... $ 53,443 $ 45,075
Other non-trade receivable ....................................................... 26,875 —
Prepaid expenses ............................................................... 17,274 11,025
Tax-related receivables .......................................................... 67,157 128,346
Prepayment to Flash Forward ..................................................... 20,577 —
Other current assets ............................................................. 21,093 18,581
Total other current assets .................................................... $ 206,419 $ 203,027
F-19