Lucent Technologies (LU) Message Board

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Technology Stocks : Lucent Technologies (LU)

LU 2.795

-0.9%

9:56 AM EST

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To: Chuzzlewit who wrote (11223)	11/19/1999 2:14:00 PM
From: Mr.Fun	Read Replies (1) of 21876

Chuzz, 1. Right you are on depreciation. Going back to the Q's, I see that my model line labled depreciation should actually read depreciation AND amortization. In the official cash flow statement from the Q for June, d AND a totals $550. It is correct to add both back to earnings for cash flow purposes. 2. Notes receivable are in Other Current Assets and is considered part of operating cash flow - as per LU controllers office. 3. My model shows operating cash at $1.03B, close to LU's $1.1B stated number. I'm not exactly sure where the difference is coming from. 4. If you do not subtract one time charges in your calculation of operating earnings, then you should not add anything back in your cash flow calculation. As you correctly note, M&A costs are not operating but investment cashflow. 5. I would watch the accusations of accounting gimmickry - I have yet to see any evidence that LU has done anything misleading, much less improper, in their accounting practices. Audited FY99 statements will be out soon enough, in glorious detail.

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