Allowance for Doubtful Accounts. The Company maintains an allowance for doubtful accounts for estimated losses resulting from customers failing to make required payments. This valuation allowance is reviewed on a periodic basis. The review is based on factors including the application of historical collection rates to current receivables and economic conditions. Additional allowances for doubtful accounts are considered and recorded if there is deterioration in past due balances, if economic conditions are less favorable than the Company anticipated or for customer-specific circumstances, such as bankruptcy. The allowance for doubtful accounts included in trade accounts receivable, net is $0.8 and $0.7 million for the years ended December 31, 2014 and 2013, respectively. Bad debt expense included in general and administrative expense is $0.1 million and insignificant for the years ended December 31, 2014 and 2013, respectively. Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, investments, and accounts receivable. As of December 31, 2014 and 2013, the Company placed its cash equivalents and investments primarily through one financial institution, City National Bank (“CNB”), and mitigated the concentration of credit risk by placing percentage limits on the maximum portion of the investment portfolio which may be invested in any one investment instrument. These amounts exceed federally insured limits at December 31, 2013 and 2012. The Company has not experienced any credit losses on these cash equivalents and investment accounts and does not believe it is exposed to any significant credit risk on these funds. The fair value of these accounts is subject to fluctuation based on market prices.
Allowance for Doubtful Accounts. We maintain an allowance for doubtful accounts for estimated losses resulting from customers failing to make required payments. This valuation allowance is reviewed and adjusted on a periodic basis. The review is based on factors including the application of historical collection rates to current receivables and economic conditions. Additional allowances for doubtful accounts are considered and recorded if there is deterioration in past due balances, if economic conditions are less favorable than we anticipated or for customer-specific circumstances, such as bankruptcy. Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents, investments, and accounts receivable. As of December 31, 2014 and 2013, and as of June 30, 2015, the Company placed its cash equivalents and investments primarily through one financial institution, City National Bank (“CNB”), and mitigated the concentration of credit risk by placing percentage limits on the maximum portion of the investment portfolio which may be invested in any one investment instrument. The Company also invests in fully collateralized funds with maturities of less than two years. These amounts exceed federally insured limits at June 30, 2015, December 31, 2014 and December 31, 2013. The Company has not experienced any credit losses on these cash equivalents and investment accounts and does not believe it is exposed to any significant credit risk on these funds. The fair value of these accounts is subject to fluctuation based on market prices.
Allowance for Doubtful Accounts. The Company maintains an allowance for doubtful accounts for estimated losses resulting from customers failing to make required payments. This valuation allowance is reviewed on a periodic basis. The review is based on factors including the application of historical collection rates to current receivables and economic conditions. Additional allowances for doubtful accounts are considered and recorded if there is deterioration in past due balances, if economic conditions are less favorable than the Company anticipated or for customer-specific circumstances, such as bankruptcy. The allowance for doubtful accounts included in trade accounts receivable, net is $0.7 million at both June 30, 2015 and December 31, 2014. Bad debt expense included in general and administrative expense was insignificant for the three months ended June 30, 2015 and 2014, respectively.
Allowance for Doubtful Accounts. The Borrower will not permit the allowance for doubtful accounts for the Borrower and its Subsidiaries (as determined in accordance with generally accepted accounting practices), to be less than 2% of the Net Investment in Leases and Notes for the Borrower and its Subsidiaries, at any time. ACFC will not permit ACFC's allowance for doubtful accounts (as determined in accordance with generally accepted accounting practices), to be less than 1% of ACFC's Net Investment in Leases and Notes, at any time.
Allowance for Doubtful Accounts. Trade and other accounts receivable are stated at their invoice value less allowance for doubtful accounts (if any). The allowance for doubtful accounts is estimated losses are based on a percentage of outstanding receivables classified by aging of accounts receivable. Assessed primarily on analysis of payment histories and future expectations of customer payments. Bad debts are written off when incurred.
Allowance for Doubtful Accounts. An allowance for doubtful accounts is provided based upon evaluation of the recoverability of the receivables at the balance sheet date.
Allowance for Doubtful Accounts. In determining an allowance for doubtful accounts, the management needs to make judgment and estimates based upon, among other things, past collection history, aging profile of outstanding debts and the financial position of each client.
Allowance for Doubtful Accounts. Accounts receivable, principally from customers, are net of an allowance for doubtful accounts of $34 million and $105 million at December 31, 1999 and 2000, respectively. The provision for doubtful accounts in the Company's Statements of Consolidated Operations for 1998, 1999 and 2000 was $21 million, $16 million and $95 million, respectively. For information regarding the provision against receivable balances related to energy sales in the California market, see Note 14(h).
Allowance for Doubtful Accounts. Activity in the allowance for doubtful accounts is summarized as follows: PERIOD FROM DECEMBER 24, YEAR ENDED 1998, THROUGH DECEMBER 31, DECEMBER 31, 1999 1998 Balance, beginning of period.......................... $ 1,728 $1,702 Acquisitions of cable systems......................... 5,860 -- Charged to expense.................................... 20,872 26 Uncollected balances written off, net of recoveries... (16,989) -- 5. PROPERTY, PLANT AND EQUIPMENT: Property, plant and equipment consists of the following at December 31: 1999 1998 ---- ---- Cable distribution systems.............................. $3,523,217 $661,749 Land, buildings and leasehold improvements.............. 108,214 26,670 Vehicles and equipment.................................. 176,221 30,590 ---------- -------- 3,807,652 719,009 Less--Accumulated depreciation.......................... (317,079) (2,767) ---------- -------- $3,490,573 $716,242 ========== ======== For the year ended December 31, 1999, and for the period from December 24, 1998, through December 31, 1998, depreciation expense was $225.0 million and $2.8 million, respectively. 91
Allowance for Doubtful Accounts. An allowance for doubtful accounts is estimated and recorded based on the Company’s historical bad debt experience. Management believes that all accounts receivable will be collected within one year; therefore, an allowance for doubtful accounts is not necessary.
