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Biotech / Medical : Biotech Valuation -- Ignore unavailable to you. Want to Upgrade?

To: DewDiligence_on_SI who wrote (16600)	4/22/2005 8:55:57 PM
From: tom pope	Read Replies (1) \| Respond to of 52153

By definition, current assets, if not already cash, are assets that will be converted to cash within the fiscal yr. Thus, on 12/31 - assuming calendar = fiscal - all inventory is shifted to long term assets? And returns to current on 1/1?

To: DewDiligence_on_SI who wrote (16600)	4/22/2005 10:25:45 PM
From: Ian@SI	Read Replies (2) \| Respond to of 52153

Dew, Thanks for the answer. But I still don't see how $38B of foreign profits could be repatriated with all of it being currently contained within Current Assets. i.e. Substantially all of the following Current Assets would have to be offshore. That strikes me as highly unlikely if not ridiculous! If the $38B is in the Balance Sheet, I still have no idea where most of it could be hiding. I suspect, it's not there. Cash/Equivalents $1,808 ST Investments 18,085 Accounts Rcvbl. 9,572 Doubtful Account (205) ST Loans 653 Inventories — Finished Goods 2,850 Work in Progress 2,496 Raw Materials 1,314 Prepaid/Taxes 2,939 Disc. Operation 182 Total Current Assets 39,694