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Learning to Invest / Reading Financial Statements
|Subject: Receivables, Net||Date: 1/14/2013 12:33 PM|
|Author: dwitt||Number: 3885 of 3964|
I'm looking through a company I have stock with (Cerner) and in the 10Q in the Cash Flow from Operations section, I see the Accounts Receivable difference (or what they call Receivables, Net) but I'm not sure what other values they're using to compute this difference.
For example, in the latest 10Q, the changes in Receivables, Net was -31,102 for their 9 months ending 2012, but when you look at the values on the Balance Sheet, the 2012 value is 563,209 and the 2011 value is 542,415, giving a difference of 20,794.
There is a section concerning how they calculate Receivables, Net, but it's not clear how that helps in the above calculation:
(In thousands) September 29, 2012 December 31, 2011
Gross accounts receivable $490,972 $496,706
Less: Allowance for doubtful accounts 34,491 24,270
Accounts receivable, net of allowance 456,481 472,436
Contracts receivable 60,888 81,776
Current portion of lease receivables 25,046 8,997
Total receivables, net $542,415 $563,209
Any help here would be appreciated, sorry about the formatting
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