Monday, May 20, 2019
Research Paper: Capex Spending

Thursday, May 16, 2019
Psst: Got Any Weed?

Wednesday, May 15, 2019
Open Letter: SEC Proposed Rule for BDCs

Friday, May 10, 2019
General Motors and Workhorse

Monday, May 6, 2019
How to Find Earnings Release Data

Tuesday, April 23, 2019
Following Restructuring Costs Over Time

Monday, April 22, 2019
Capex Spending: More Than You Might Think

Saturday, April 13, 2019
When AWS Takes Over the World

Thursday, April 11, 2019
Data Trends in Focus: Restructuring Costs

Sunday, April 7, 2019
How One Customer Crushed It With Calcbench

Thursday, April 4, 2019
TJX Shows Complexity of Leasing Costs Reporting

Tuesday, April 2, 2019
CEO Pay Ratios: Some 2018 Thoughts

Wednesday, March 27, 2019
Corporate Spending: Where It Goes, 2017 vs. 2018

Monday, March 25, 2019
Health Insurers: A Bit Winded?

Friday, March 22, 2019
Our New Master Class Video

Thursday, March 21, 2019
Tech Data’s Goodwill Adjustment

Tuesday, March 19, 2019
There’s Taxes, and There’s Taxes

Saturday, March 16, 2019
Adventures in Tax Cuts and Net Income

Monday, March 11, 2019
Big Moves in Goodwill, Intangible Value

Friday, March 8, 2019
CVS, Goodwill, and Enterprise Value

Archive  |  Search:
What Does ‘Other’ Mean? An Example
Wednesday, February 27, 2019

We’re always fascinated by unusual lines of business here at Calcbench, but one line of business intrigues us more than most — “Other.”

How do companies decide what qualifies as Other? How large can Other be, before the company gives it a more specific name? Does the person running Other have “vice president of Other” on his or her business card?

These questions were on our mind lately thanks to our recent post about American Water Works ($AWK), which has an Other division that seems to do nothing but lose money. We’re not even sure AWK’s Other division is a division, as much as it’s a hodge-podge of homeless operating costs that need to go into a segment somewhere.

As a simple experiment, we researched all firms that have filed 2018 financial statements so far an included an item tagged “Other Sundry Current Liabilities” and found 48. Then we compared that amount to the firm’s total current liabilities, expressed as a percentage. The table below shows our Top 10.

One logical question would be what these other current liabilities are or where they come from. Here’s the thing: lots of companies don’t say.

That is, you can find the disclosure itself. Just use our Multi-Company page and search by the XBRL tag for that line item, “OtherSundryLiabilitiesCurrent.” You’ll get a list of all companies that filed some line-item using that tag.

In theory, you could then use our Trace feature to follow that number back to some more detailed disclosure the company made about that line-item — except, for most companies, they have nothing to say about Other. Why would they? If it were material to the business, you’d call it something else.

Still, if you are Tyson Foods ($TSN) with $805 million in Other current liabilities, or Sprouts Farmers Market ($SFM) with nearly 20 percent of your current liabilities going to Other, that’s not exactly chump change.

So we continue to wonder about Other and what it means. At least our data analytics can help you get started on answering such questions, too.

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