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The AAO Weblog covers accounting issues and current events as they relate the practice of investment analysis. All posts prior to September, 2007 are in the public domain, but after September 4, only subscribers to The Analyst's Accounting Observer will see all posts going forward. Only selected, occasional posts will be released to the public domain from September 4 forward.

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Dell's Hell Ends: Restatements Released
Location: BlogsAAO Weblog (Public)    
Posted by: Jack Ciesielski 10/31/2007 9:37 AM

Yesterday, Dell released its long-simmering fiscal year 2007 10-K , including restated information for prior years. The table below, culled from the 10-K, summarizes the adjustments made by category.

 
                                 
    February 3,
    January 28,
    January 30,
    January 31,
 
    2006     2005     2004     2003  
    (in millions)  
 
Beginning retained earnings as reported
   $ 9,174     $ 6,131     $ 3,486     $ 1,364  
Revenue Recognition:
                               
Software
     (21 )     (9 )     (7 )     (2 )
Other
     (216 )     (217 )     (102 )     (64 )
                                 
Revenue Recognition
     (237 )     (226 )     (109 )     (66 )
                                 
Warranty Liabilities
     202       223       129       31  
Restructuring Reserves
     (18 )     (18 )     (14 )     80  
Other
     (45 )     (35