Warren Buffett and the Interpretation of Financial Statements by Mary Buffett & David Clark

Author:Mary Buffett & David Clark
Language: eng
Format: epub
Publisher: Simon and Schuster
Published: 2008-07-15T00:00:00+00:00

CHAPTER 33

OTHER LONG -T ERM ASSETS

Think of “other long-term assets” as a giant pool of long-term assets—assets that have useful lives of greater than a year—that didn’t make it into the categories of Property and Equipment, Goodwill, Intangibles, and Long-Term Investments. An example of Other Long-Term Assets would be prepaid expenses and tax recoveries that are due to be received in the coming years.

There is little that Other Long-Term Assets can tell us about whether or not the company in question has a durable competitive advantage. So let’s move on.

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