Indicates the disclosure by CA, Inc., and Subsidiaries. Customer concentration can be an important consideration in the quality of receivables. When a large portion of receivables is from a few customers, the firm can be highly dependent on those customers.
Nike’s Form 10 K disclosed that ‘‘no customer accounted for 10% or more of our net sales during fiscal 2009.’’
CA, INC., AND SUBSIDIARIES*
Installment Receivables
|
CA, Inc., and Subsidiaries |
||
|
March 31, |
||
|
(Dollars in Millions) |
2009 |
2008 |
|
ASSETS |
||
|
Current Assets |
||
|
Cash, cash equivalents, and marketable securities |
$2,713 |
$2,796 |
|
Trade and installment accounts receivable, net |
839 |
970 |
|
Deferred income taxes —current |
524 |
623 |
|
Other current assets |
104 |
79 |
|
Total Current Assets |
4,180 |
4,468 |
|
Installment accounts receivable, due after one year, net |
128 |
234 |
|
Property and equipment |
||
|
Land and buildings |
199 |
256 |
|
Equipment, furniture, and improvements |
1,258 |
1,236 |
|
1,457 |
1,492 |
|
|
Accumulated depreciation and amortization |
1,015 |
996 |
|
Total Property and Equipment, net |
442 |
496 |
|
Purchased software products, net accumulated amortization of $4,715 and $4,662, respectively |
155 |
171 |
|
Goodwill |
5,364 |
5,351 |
|
Deferred income taxes —noncurrent |
268 |
293 |
|
Other noncurrent assets, net |
715 |
743 |
|
Total Assets |
$11,252 |
$11,756 |