... 615,278 315,445 PLANT AND EQUIPMENT, net 555,111 491,705 OTHER ASSETS: Advances on equipment purchases 7,361 8,965 Investment in unconsolidated subsidiaries 20,022 13,959 Prepaid expense - non-current 900 1,195 Prepaid expense related parties ...
The cash paid to our account executives in advance of commissions earned is reflected as a prepaid expense on our balance sheet. As our account executives earn commissions, a portion of their commission payment is withheld and offset against their ...
... 2008 ---- ---- ASSETS Current Assets Cash and cash equivalents $14,314 $11,229 Restricted cash 3,668 2,976 Accounts receivable, net 6,350 7,006 Inventories, net 10,415 10,202 Prepaid expense and other 2,020 1,199 ----- ----- Total current assets ...
This sets up a prepaid or deferred asset instead of reporting the expense itself, boosting current year earnings. The idea is to write off these prepaid expenses over several years, but once a company starts artificially increasing net earnings, it ...
... Current assets: Cash and cash equivalents $13,994 $11,310 Accounts and notes receivable, net 11,175 9,891 Inventories, net 11,958 12,856 Income tax receivable 1,454 2,938 Prepaid expenses ... 50) (71) (95) (163) Interest expense 10 3 29 5 ...
This prepaid compensation expense will continue through 2010, and the acquisition-related asset will be fully amortized by the third quarter of 2011. We believe it is useful to investors and other users of our financial statements to adjust for the ...
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