Moreover, this quarter we delivered on our commitment to improve cash collections, which drove a five-day decrease in net DSO, and lowered bad debt expense
as a percentage of revenue as compared to the first quarter of 2019.
In addition, lower than expected occupancy in ALU and memory care, increase wage competition, higher than budgeted monthly service fee credits and increased bad debt expense
negatively impacted recent results.
Now, Beasley Media Group has been negatively impacted by USTN, resulting in bad debt expense
. While this hampered Beasley's Q3 net income, operating income and that favorite non-GAAP measure of "Station Operating Income" often seen at radio broadcasting companies, higher expenses in three markets also put a dent in a net revenue gain for the Southwest Florida-based owner of AMs and FMs.
Operating costs for the third quarter included a $2.8 million increase in employee-related expenses and a $1.7 million increase in bad debt expense
Unless the member is in the business of making loans, the deduction is generally a nonbusiness bad debt expense
Consolidated net revenues were $3.3 million for the three months ended June 30, 2018, as compared to $74.6 thousand for the three months ended June 30, 2017, net of a $577.3 thousand adjustment for bad debt expense
, an increase of $3.2 million.
However, the financial results for the fourth quarter were disappointing, largely due to the decline in active representatives and an unexpected increase in bad debt expense
, " said CEO Sheri McCoy.
Summary: RostelecomEe's EBITDA was impacted by a one-off increase in non-cash bad debt expense
, but more importantly by a lower reimbursement for the BDD project vs.
The firm said it had $2.2m of "increased bad debt expense
primarily related to certain accounts receivable in the Middle East" in the final quarter of last year.
The net liability decline represents a benefit to the claimants of the AMEs, of which a portion is recognized by TCCUSF through the reduction of the AME receivable bad debt expense
I am also responsible for maximizing the value of our accounts receivable by minimizing bad debt expense
and PROTECTING A/R by maintaining an acceptable level of risk.
Excluding special items, adjusted operating income climbed 16% to $58 million, with management citing lower bad debt expense
and cost-reduction initiatives.