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  "documentTitle": "Amdocs Limited (DOX)",
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  "authorName": "Ben Axler",
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      "text": "Why are “Other” current liabilities growing so fast? What is included in this item?",
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      "text": "We do not believe that this is a healthy, sustainable source of cash flow for a company experiencing stagnant revenue growth and financial strain.",
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      "text": "We also note that accounts payable, accrued expenses, and accrued personnel costs have been a material source of operating cash flow for Amdocs through the last several years, consistently providing close to 10% of Amdocs' operating cash flow. Accrued expenses in particular have ballooned of late. We do not believe that this is a healthy, sustainable source of cash flow for a company experiencing stagnant revenue growth and financial strain. Also of note is that management has accounted for these items in a non-transparent and inconsistent manner, making it more difficult for investors to evaluate them critically.",
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      "text": "“Ongoing Accrued Expenses”: Aren’t accrued expenses supposed to be short-term items for the next 12 months and not “ongoing” i.e. indefinite?",
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      "text": "Other Working Capital Accounts A Source Of Cash Flow",
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