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> went to nothing (negative?) after Google X bought it at the end of 2013. Yeah, does anyone know if BD paid the DoD ~3.5M in 2014? I haven't seen that kind of
by sndean 11y ago
> went to nothing (negative?) after Google X bought it at the end of 2013.
Yeah, does anyone know if BD paid the DoD ~3.5M in 2014? I haven't seen that kind of thing before.
- ogsharkman 11y agoI was just wondering the same thing
- Isamu 11y agoProbably a contract that was "on the books" in FY 2013 but later canceled before payment in FY 2014. I assume there is a considerable time lag in payment when dealing with the US govt.
- vonmoltke 11y agoThis most likely. You get to count the money for a contract when it gets booked and awarded, even if you don't start work on it immediately or actually receive any money. If you book a contract (and count the money) in one fiscal year and it gets reduced or canceled in a subsequent one the reduction counts as a "loss" even if no money has actually changed hands yet.
- mturmon 11y agoIt might have been an equipment buyback. I.e., some large piece(s) of hardware that BD wanted to keep going forward, but that was procured with funding from a DoD contract. (Incidentally, looking at the detail for year 2014, the total giveback was $5M. It was balanced by $1.5M of receipts in another category.)