HP » Topics » NOTE 11 SUPPLEMENTAL BALANCE SHEET INFORMATION

These excerpts taken from the HP 10-K filed Nov 26, 2008.

NOTE 11 SUPPLEMENTAL BALANCE SHEET INFORMATION

The following reflects the activity in the Company's reserve for bad debt for 2008, 2007 and 2006:

September 30,

  2008

  2007

  2006

 
      (in thousands)  
Reserve for bad debt:                    
  Balance at October 1,   $ 2,957   $ 2,007   $ 1,791  
  Provision for bad debt     704     1,030     250  
  Write-off of bad debt     (2,330 )   (80 )   (34 )
   
 
 
 
  Balance at September 30,   $ 1,331   $ 2,957   $ 2,007  
   
 
 
 

70


Accounts receivable, prepaid expenses, and accrued liabilities at September 30 consist of the following:

September 30,

  2008

  2007

      (in thousands)
Accounts receivable, net of reserve:            
  Trade receivables   $ 446,846   $ 337,829
  Income tax     15,987    
  Insurance receivable         1,990
   
 
    $ 462,833   $ 339,819
   
 
             

Prepaid expenses and other:            
  Prepaid value added tax   $ 6,146   $ 4,914
  Restricted cash     10,274     6,203
  Prepaid insurance     9,957     4,685
  Deferred mobilization     13,853     6,202
  Other     11,034     6,870
   
 
    $ 51,264   $ 28,874
   
 
             

Accrued liabilities:            
  Taxes payable, other than income tax   $ 42,884   $ 31,610
  Accrued income taxes         10,033
  Self-insurance liabilities     3,696     2,406
  Payroll and employee benefits     44,525     36,010
  Accrued operating costs     16,500     5,185
  Other     20,768     16,812
   
 
    $ 128,373   $ 102,056
   
 

NOTE 11 SUPPLEMENTAL BALANCE SHEET INFORMATION



The following reflects the activity in the Company's reserve for bad debt for 2008, 2007 and 2006:















































































































September 30,


 2008

 2007

 2006

 
   (in thousands) 
Reserve for bad debt:          
 Balance at October 1, $2,957 $2,007 $1,791 
 Provision for bad debt  704  1,030  250 
 Write-off of bad debt  (2,330) (80) (34)
  
 
 
 
 Balance at September 30, $1,331 $2,957 $2,007 
  
 
 
 



70









Accounts receivable, prepaid expenses, and accrued liabilities at September 30 consist of the following:






















































































































































































































































































September 30,


 2008

 2007

   (in thousands)
Accounts receivable, net of reserve:      
 Trade receivables $446,846 $337,829
 Income tax  15,987  
 Insurance receivable    1,990
  
 
  $462,833 $339,819
  
 
       

Prepaid expenses and other:      
 Prepaid value added tax $6,146 $4,914
 Restricted cash  10,274  6,203
 Prepaid insurance  9,957  4,685
 Deferred mobilization  13,853  6,202
 Other  11,034  6,870
  
 
  $51,264 $28,874
  
 
       

Accrued liabilities:      
 Taxes payable, other than income tax $42,884 $31,610
 Accrued income taxes    10,033
 Self-insurance liabilities  3,696  2,406
 Payroll and employee benefits  44,525  36,010
 Accrued operating costs  16,500  5,185
 Other  20,768  16,812
  
 
  $128,373 $102,056
  
 




This excerpt taken from the HP 10-K filed Nov 28, 2007.

NOTE 10 SUPPLEMENTAL BALANCE SHEET INFORMATION

The following reflects the activity in the Company's reserve for bad debt for 2007, 2006 and 2005:

September 30,

  2007

  2006

  2005

 
      (in thousands)  
Reserve for bad debt:                    
  Balance at October 1,   $ 2,007   $ 1,791   $ 1,265  
  Provision for bad debt     1,030     250     530  
  Write-off of bad debt     (80 )   (34 )   (4 )
   
 
 
 
  Balance at September 30,   $ 2,957   $ 2,007   $ 1,791  
   
 
 
 

66


Accounts receivable, prepaid expenses, and accrued liabilities at September 30 consist of the following:

September 30,

  2007

  2006

      (in thousands)
Accounts receivable, net of reserve:            
  Trade receivables   $ 337,829   $ 283,386
  Insurance receivable     1,990    
  Investment sales receivables         6,093
   
 
    $ 339,819   $ 289,479
   
 
             

Prepaid expenses and other:            
  Prepaid value added tax   $ 4,914   $ 2,597
  Restricted cash     6,203     2,273
  Prepaid insurance     4,685     2,432
  Deferred mobilization     6,202     2,907
  Other     6,870     5,910
   
 
    $ 28,874   $ 16,119
   
 
             

Accrued liabilities:            
  Taxes payable – operations   $ 31,610   $ 21,316
  Accrued income taxes     10,033     24,991
  Worker's compensation liabilities     2,406     2,371
  Payroll and employee benefits     36,010     30,124
  Accrued operating costs     5,185     7,200
  Other     16,812     11,075
   
 
    $ 102,056   $ 97,077
   
 
This excerpt taken from the HP 10-K filed Dec 13, 2006.

NOTE 11 SUPPLEMENTAL BALANCE SHEET INFORMATION

The following reflects the activity in the Company's reserve for bad debt for 2006, 2005 and 2004:

September 30,

  2006

  2005

  2004

 
      (in thousands)  
Reserve for bad debt:                    
  Balance at October 1,   $ 1,791   $ 1,265   $ 1,319  
  Provision for bad debt     250     530     15  
  Write-off of bad debt     (34 )   (4 )   (69 )
   
 
 
 
  Balance at September 30,   $ 2,007   $ 1,791   $ 1,265  
   
 
 
 

65


Accounts receivable, prepaid expenses, and accrued liabilities at September 30 consist of the following:

September 30,

  2006

  2005

      (in thousands)
Accounts receivable, net of reserve:            
  Trade receivables   $ 283,386   $ 162,646
  Investment sales receivables     6,093    
   
 
    $ 289,479   $ 162,646
   
 
             

Prepaid expenses and other:            
  Prepaid value added tax   $ 2,597   $ 5,960
  Restricted cash     2,273     2,195
  Income tax asset         2,080
  Prepaid insurance     2,432     1,949
  Deferred mobilization     2,907     654
  Other     5,910     5,095
   
 
    $ 16,119   $ 17,933
   
 
             

Accrued liabilities:            
  Taxes payable – operations   $ 21,316   $ 10,263
  Accrued income taxes     24,991    
  Workers' compensation liabilities     2,371     3,830
  Payroll and employee benefits     30,124     20,277
  Accrued operating costs     7,200     3,600
  Other     11,075     6,657
   
 
    $ 97,077   $ 44,627
   
 
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