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Re: cents2ks post# 19870

Thursday, 01/01/2015 2:07:54 PM

Thursday, January 01, 2015 2:07:54 PM

Post# of 41703
GT typically received an advance of about 40% for large orders.
This could not be realized as revenue until the product shipped and depending upon the wording of the contract there could be circumstances that required the entire order to ship before the first $ was recognized. It made for tortuous accounting to those unfamiliar.

They did have a big order for Silicon Reactors in Malaisia and Silicon PV crystal growth Chambers in Qutar that might account for a big number. The reactor project was north of $300M.
These were on the books at the time of the BK I think.

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