Wix
deferred revenue the changes in short term and long term deferred revenues on our statement of cash flows for the six months ended june will not match the differences in these deferred revenue accounts on our balance sheet the reason is due to our transition to for revenue recognition using the modified retrospective approach in our financial statements under this approach we allocated in deferred revenue to retained earnings on our balance sheet on because this reclassification has no impact on our cash it does not appear in the statement of cash flows financial income and expense financial income and expense is primarily comprised of two items income related to interest earned from the investment of our cash and income and expense related to our hedging activities and exchange rate differences through we generated in interest income and there was a net income or expense related to hedging activities and rate differences | Wix
Company
Wix
Deck Type
Sector
Industry
Deck date
July 2018
Slide
21 of 27
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