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These excerpts taken from the IM 10-K filed Mar 4, 2009. Cash
and Cash Equivalents
The Company considers all highly liquid investments with
original maturities of three months or less to be cash
equivalents.
Book overdrafts of $315,033 and $326,027 as of January 3,
2009 and December 29, 2007, respectively, represent checks
issued that had not been presented for payment to the banks and
are classified as accounts payable in the Company’s
consolidated balance sheet. The Company typically funds these
overdrafts through normal collections of funds or transfers from
bank balances at other financial institutions. Under the terms
of the Company’s facilities with its banks, the respective
financial institutions are not legally obligated to honor the
book overdraft balances as of January 3, 2009 and
December 29, 2007, or any balance on any given date.
For the fifty-three weeks ended January 3, 2009, the
Company revised the presentation of changes in book overdrafts
from a financing activity to an operating activity in its
consolidated statement of cash flows with a conforming change to
the prior period presentation. The effect of this change
increased the cash provided by operating activities for 2007 and
2006 from $285,948 and $50,672, respectively, as previously
disclosed in the prior year Annual Report on
Form 10-K,
to $327,814 and $92,844, respectively, with a corresponding
decrease in the cash flows provided by financing activities for
2007 and 2006 from $87,770 and $52,678, respectively, to $45,904
and $10,506, respectively.
Table of Contents
INGRAM
MICRO INC.
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
Cash
and Cash Equivalents
The Company considers all highly liquid investments with
original maturities of three months or less to be cash
equivalents.
Book overdrafts of $315,033 and $326,027 as of January 3,
2009 and December 29, 2007, respectively, represent checks
issued that had not been presented for payment to the banks and
are classified as accounts payable in the Company’s
consolidated balance sheet. The Company typically funds these
overdrafts through normal collections of funds or transfers from
bank balances at other financial institutions. Under the terms
of the Company’s facilities with its banks, the respective
financial institutions are not legally obligated to honor the
book overdraft balances as of January 3, 2009 and
December 29, 2007, or any balance on any given date.
For the fifty-three weeks ended January 3, 2009, the
Company revised the presentation of changes in book overdrafts
from a financing activity to an operating activity in its
consolidated statement of cash flows with a conforming change to
the prior period presentation. The effect of this change
increased the cash provided by operating activities for 2007 and
2006 from $285,948 and $50,672, respectively, as previously
disclosed in the prior year Annual Report on
Form 10-K,
to $327,814 and $92,844, respectively, with a corresponding
decrease in the cash flows provided by financing activities for
2007 and 2006 from $87,770 and $52,678, respectively, to $45,904
and $10,506, respectively.
Table of Contents
INGRAM
MICRO INC.
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
Cash
and Cash Equivalents
The Company considers all highly liquid investments with
original maturities of three months or less to be cash
equivalents.
Book overdrafts of $315,033 and $326,027 as of January 3,
2009 and December 29, 2007, respectively, represent checks
issued that had not been presented for payment to the banks and
are classified as accounts payable in the Company’s
consolidated balance sheet. The Company typically funds these
overdrafts through normal collections of funds or transfers from
bank balances at other financial institutions. Under the terms
of the Company’s facilities with its banks, the respective
financial institutions are not legally obligated to honor the
book overdraft balances as of January 3, 2009 and
December 29, 2007, or any balance on any given date.
For the fifty-three weeks ended January 3, 2009, the
Company revised the presentation of changes in book overdrafts
from a financing activity to an operating activity in its
consolidated statement of cash flows with a conforming change to
the prior period presentation. The effect of this change
increased the cash provided by operating activities for 2007 and
2006 from $285,948 and $50,672, respectively, as previously
disclosed in the prior year Annual Report on
Form 10-K,
to $327,814 and $92,844, respectively, with a corresponding
decrease in the cash flows provided by financing activities for
2007 and 2006 from $87,770 and $52,678, respectively, to $45,904
and $10,506, respectively.
Table of Contents
INGRAM
MICRO INC.
NOTES TO
CONSOLIDATED FINANCIAL
STATEMENTS — (Continued)
Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Book overdrafts of $315,033 and $326,027 as of January 3, 2009 and December 29, 2007, respectively, represent checks issued that had not been presented for payment to the banks and are classified as accounts payable in the Company’s consolidated balance sheet. The Company typically funds these overdrafts through normal collections of funds or transfers from bank balances at other financial institutions. Under the terms of the Company’s facilities with its banks, the respective financial institutions are not legally obligated to honor the book overdraft balances as of January 3, 2009 and December 29, 2007, or any balance on any given date. For the fifty-three weeks ended January 3, 2009, the Company revised the presentation of changes in book overdrafts from a financing activity to an operating activity in its consolidated statement of cash flows with a conforming change to the prior period presentation. The effect of this change increased the cash provided by operating activities for 2007 and 2006 from $285,948 and $50,672, respectively, as previously disclosed in the prior year Annual Report on Form 10-K, to $327,814 and $92,844, respectively, with a corresponding decrease in the cash flows provided by financing activities for 2007 and 2006 from $87,770 and $52,678, respectively, to $45,904 and $10,506, respectively.
Table of ContentsINGRAM MICRO INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Book overdrafts of $315,033 and $326,027 as of January 3, 2009 and December 29, 2007, respectively, represent checks issued that had not been presented for payment to the banks and are classified as accounts payable in the Company’s consolidated balance sheet. The Company typically funds these overdrafts through normal collections of funds or transfers from bank balances at other financial institutions. Under the terms of the Company’s facilities with its banks, the respective financial institutions are not legally obligated to honor the book overdraft balances as of January 3, 2009 and December 29, 2007, or any balance on any given date. For the fifty-three weeks ended January 3, 2009, the Company revised the presentation of changes in book overdrafts from a financing activity to an operating activity in its consolidated statement of cash flows with a conforming change to the prior period presentation. The effect of this change increased the cash provided by operating activities for 2007 and 2006 from $285,948 and $50,672, respectively, as previously disclosed in the prior year Annual Report on Form 10-K, to $327,814 and $92,844, respectively, with a corresponding decrease in the cash flows provided by financing activities for 2007 and 2006 from $87,770 and $52,678, respectively, to $45,904 and $10,506, respectively.
Table of ContentsINGRAM MICRO INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Book overdrafts of $315,033 and $326,027 as of January 3, 2009 and December 29, 2007, respectively, represent checks issued that had not been presented for payment to the banks and are classified as accounts payable in the Company’s consolidated balance sheet. The Company typically funds these overdrafts through normal collections of funds or transfers from bank balances at other financial institutions. Under the terms of the Company’s facilities with its banks, the respective financial institutions are not legally obligated to honor the book overdraft balances as of January 3, 2009 and December 29, 2007, or any balance on any given date. For the fifty-three weeks ended January 3, 2009, the Company revised the presentation of changes in book overdrafts from a financing activity to an operating activity in its consolidated statement of cash flows with a conforming change to the prior period presentation. The effect of this change increased the cash provided by operating activities for 2007 and 2006 from $285,948 and $50,672, respectively, as previously disclosed in the prior year Annual Report on Form 10-K, to $327,814 and $92,844, respectively, with a corresponding decrease in the cash flows provided by financing activities for 2007 and 2006 from $87,770 and $52,678, respectively, to $45,904 and $10,506, respectively.
Table of ContentsINGRAM MICRO INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) These excerpts taken from the IM 10-K filed Feb 27, 2008. Cash
and Cash Equivalents
The Company considers all highly liquid investments with
original maturities of three months or less to be cash
equivalents. Book overdrafts of $326,027 and $284,161 as of
December 29, 2007 and December 30, 2006, respectively,
are included in accounts payable.
Cash and Cash Equivalents The Company considers all highly liquid investments with original maturities of three months or less to be cash equivalents. Book overdrafts of $326,027 and $284,161 as of December 29, 2007 and December 30, 2006, respectively, are included in accounts payable. This excerpt taken from the IM 10-K filed Feb 26, 2007. Cash
and Cash Equivalents
The Company considers all highly liquid investments with
original maturities of three months or less to be cash
equivalents. Book overdrafts of $284,161 and $241,989 as of
December 30, 2006 and December 31, 2005, respectively,
are included in accounts payable.
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