us-gaap:DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock

Line Company Text Block
1 DIAMOND OFFSHORE DRILLING INC
6. Prepaid Expenses and Other Current Assets
     Prepaid expenses and other current assets consist of the following:
                 
    September 30,   December 31,
    2009   2008
    (In thousands)
Rig spare parts and supplies
  $ 50,285     $ 52,481  
Deferred mobilization costs
    31,632       28,924  
Prepaid insurance
    17,938       11,845  
Deferred tax assets
    9,350       9,350  
Foreign currency forward exchange contracts
    6,249       —  
Deposits
    4,369       3,846  
Prepaid taxes
    36,281       11,589  
Other
    14,142       5,011  
     
Total
  $ 170,246     $ 123,046  
       
2 HCP, INC.

(9)         Other Assets

 

The Company’s other assets consisted of the following (in thousands):

 

 

 

September 30,

 

December 31,

 

 

 

2009

 

2008

 

Marketable debt securities

 

$

201,163

 

$

228,660

 

Marketable equity securities

 

3,931

 

3,845

 

Straight-line rent assets, net

 

151,132

 

112,038

 

Deferred debt issuance costs, net

 

19,909

 

23,512

 

Goodwill

 

50,346

 

51,746

 

Other

 

91,123

 

73,382

 

Total other assets

 

$

517,604

 

$

493,183

 

 

The cost or amortized cost, estimated fair value and gross unrealized gains and losses on marketable securities follows (in thousands):

 

 

 

 

 

 

 

Gross Unrealized

 

 

 

Cost Basis (1)

 

Fair Value

 

Gains

 

Losses

 

September 30, 2009:

 

 

 

 

 

 

 

 

 

Debt securities

 

$

195,830

 

$

201,163

 

$

7,033

 

$

(1,700

)

Equity securities

 

3,695

 

3,931

 

417

 

(181

)

Total investments

 

$

199,525

 

$

205,094

 

$

7,450

 

$

(1,881

)

 

 

 

 

 

 

 

 

 

 

December 31, 2008:

 

 

 

 

 

 

 

 

 

Debt securities

 

$

295,138

 

$

228,660

 

$

—

 

$

(66,478

)

Equity securities

 

4,181

 

3,845

 

—

 

(336

)

Total investments

 

$

299,319

 

$

232,505

 

$

—

 

$

(66,814

)

 

(1)          Represents the original cost basis of the marketable securities adjusted for discount accretion and other-than-temporary impairments recorded through earnings, if any.

 

At September 30, 2009, $176 million of the Company’s marketable debt securities accrue interest at 9.625% and mature in November 2016 and $20 million accrue interest at 9.25% and mature in May 2017. The issuers of these notes may elect to pay interest in cash or by issuing additional notes for all or a portion of the interest payments. In November 2008, the issuer of the Company’s 9.625% debt securities elected to make its next interest payment by issuing additional notes, and in May 2009, the Company received $14 million of additional debt securities in lieu of its cash interest payment. In May 2009, the issuer of the Company’s 9.625% debt securities elected to make its next interest payment in cash.

 

Marketable securities with unrealized losses at September 30, 2009 are not considered to be other-than-temporarily impaired as the Company has the intent and ability to hold these investments for a period of time sufficient to allow for an anticipated recovery in fair value. In addition, it is not likely that the Company will be required to sell its marketable debt securities prior to the recovery of their amortized cost basis.

 

During the three months ended September 30, 2008, the Company purchased $26 million of senior secured notes with an aggregate par value of $27 million that accrue interest at 9.625% and mature in November 2016. During the three months ended September 30, 2009, the Company sold marketable debt securities for $115 million, which resulted in gains of approximately $6 million. During the nine months ended September 30, 2009 and 2008, the Company sold debt securities for $120 million and $11 million, respectively, which resulted in gains of approximately $7 million and $1 million, respectively. During the nine months ended September 30, 2008, the Company recognized a $3.5 million loss related to an other-than-temporary impairment on marketable equity securities with a carrying value of $8 million. Gains and losses and other-than-temporary impairment losses related to available-for-sale marketable securities are included in interest and other income, net in each respective period.

 
3 MASSEY ENERGY CO
(3)           Other Current Assets

Other current assets are comprised of the following:

   
September 30, 2009
    
December 31, 2008
  
   
(In Thousands)
  
Longwall panel costs
   $ 13,003     $ 12,290  
Deposits
     134,214       59,648  
Other
     46,527       44,123  
     Total other current assets
   $ 193,744     $ 116,061  

Deposits consist primarily of funds placed in restricted accounts with financial institutions to collateralize letters of credit that support workers’ compensation requirements, insurance and other obligations. As of September 30, 2009 and December 31, 2008, Deposits includes $46.0 million of funds pledged as collateral to support $45.0 million of outstanding letters of credit. In addition, Deposits at September 30, 2009 and December 31, 2008, includes $13.4 and $13.0 million of United States Treasury securities supporting various regulatory obligations, respectively.  During the third quarter of 2009, we posted $72.0 million of cash as collateral for an appeal bond in the Harman litigation (see Note 13 to the Notes to Condensed Consolidated Financial Statements for more information).

During the third quarter of 2009, we committed to the divestiture of certain mining equipment assets which are not part of our short-term mining plan. At September 30, 2009, the carrying amount of assets held for sale totaled $20.1 million and is included in Other current assets.
4 MASTERCARD INC

Note 6. Prepaid Expenses

Prepaid expenses consisted of the following:

 

     September 30,
2009		     December 31,
2008		  

Customer and merchant incentives

    $ 426,284      $ 397,563   

Advertising

      30,030        45,608   

Income taxes

      78,147        —     

Data processing

      34,653        24,455   

Other

      21,113        48,081   
                

Total prepaid expenses

      590,227        515,707   

Prepaid expenses, current

      (268,213 )      (213,612 ) 
                

Prepaid expenses, long-term

    $ 322,014      $ 302,095   
                

Prepaid customer and merchant incentives represent payments made to customers and merchants under business agreements.
5 NEWMONT MINING CORP /DE/
NOTE 20 OTHER ASSETS
                 
    At September 30,     At December 31,  
    2009     2008  
Other current assets:
               
Refinery metal inventory and receivable
  $ 355     $ 168  
Derivative instruments (Note 16)
    82       6  
Other prepaid assets
    64       43  
Notes receivable
    11       8  
Prepaid income and mining taxes
    11       187  
Other
    58       43  
 
           
 
  $ 581     $ 455  
 
           
 
               
Other long-term assets:
               
Derivative instruments (Note 16)
  $ 67     $ 8  
Debt issuance costs
    53       29  
Restricted cash
    30       33  
Prepaid royalties
    19       19  
Other receivables
    15       17  
Corporate-owned life insurance
    13       26  
Prepaid maintenance costs
    11       13  
Other
    53       62  
 
           
 
  $ 261     $ 207  
 
           
6 REPUBLIC SERVICES, INC.
5. OTHER ASSETS
Prepaid Expenses and Other Current Assets
A summary of prepaid expenses and other current assets as of September 30, 2009 and December 31, 2008 is as follows:
                 
    September 30,     December 31,  
    2009     2008  
Inventories
  $ 35.4     $ 37.1  
Prepaid expenses
    73.5       58.6  
Other non-trade receivables
    31.8       47.7  
Income taxes receivable
    39.6       3.0  
Asset held for sale
    2.5       17.5  
Other current assets
    6.5       10.8  
 
           
Total
  $ 189.3     $ 174.7  
 
           
Other current assets include the fair value of commodity hedges of $3.0 million and $8.8 million at September 30, 2009 and December 31, 2008, respectively.
Other Assets
A summary of other assets as of September 30, 2009 and December 31, 2008 is as follows:
                 
    September 30,     December 31,  
    2009     2008  
Deferred financing costs
  $ 28.4     $ 27.4  
Deferred compensation plan
    14.8       13.0  
Notes and other receivables
    52.8       57.2  
Assets held for sale
    31.9       285.1  
Other
    105.7       107.3  
 
           
Total
  $ 233.6     $ 490.0  
 
           
Notes and other receivables include the fair value of interest rate swaps of $11.3 million and $15.1 million at September 30, 2009 and December 31, 2008, respectively.
7 Shire plc

12.        Prepaid expenses and other current assets

 September 30,December 31,
 2009 2008 
 $’M $’M
 __________________________
Prepaid expenses49.8 47.6 
Income tax receivable35.4 33.2 
Value added taxes receivable28.1 19.3 
Other current assets35.9 41.3 
 __________________________
 149.2 141.4 
 __________________________