deferred income

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deferred income

Income received by a business but not yet reported as earned. For example, a business may receive payment for a service or a product that has not yet been delivered. A deferred credit is treated as a liability until reported as income earned. Also called deferred credit.
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Designer Brands Q2 reported gross profit, as a percent of sales, decreased by 210 bps primarily driven by a benefit recognized in the second quarter of fiscal 2018 as a result of adjusting our loyalty programs deferred revenue due to the relaunch of the DSW VIP rewards program, the inclusion of Camuto Group which operates at a lower gross profit rate, and higher shipping costs in the current year associated with our continued success in engaging with customers across all mediums.
Investors should also focus on Pure Storage's deferred revenue growth of 47% and its total RPO balance, which is included in the 10-Q disclosure, Rakers said.
* Deferred revenue increased 19 percent to $2.15 billion.
Deferred revenue at the end of the June 2019 quarter increased to $449 million as compared to $441 million at the end of the March 2019quarter.
In year 1, an entry would be made to recognize the revenue earned for the period by making a debit to deferred revenue of $20,000 and a credit to revenue.
He added that as TE gains EGP 5.5 Billion, making around 82% of its deferred revenue with Vodafone for years, this will benefit business, the government, and citizens receiving premium services, as investments in the telecommunications sector increase.
On top of this issue, another P17,501,500 in deferred revenue was disclosed in Manaloto's financial statement but allegedly not reported for tax purposes.
"Total deferred revenue from real estate that are yet to be recognised increased by 80.1% to reach EGP 2.5bn compared to EGP 1.4bn in 9M17.
At $40 per year (billed up front and recorded as deferred revenue), Fitbit only recognizes $10 per quarter.
* Overview page showing total deferred revenue rolling up from short term and long-term deferred revenue to total deferred revenue.
Contract drilling revenues of USD66.6m, which included USD5.9m of deferred revenue amortization, were collected for the second-quarter 2018, down versus the contract drilling revenue of USD82.1m, which included USD6.2m of deferred revenue amortization, for the first-quarter 2018.
Upland expects the acquisition to generate annual revenue of approximately USD 9m, subject to reductions for a deferred revenue discount as a result of GAAP purchase accounting.