| Schedule of new accounting pronouncements and changes in accounting principles |
Financial Impact of Adoption. Our adoption of this new standard resulted in the following adjustments to our Condensed Consolidated Balance Sheet: | | | | | | | | | | | | | | | | | | | | | | | Balance at December 31, 2019 | | Adoption of ASC 326 Increase (Decrease) | | Balance at January 1, 2020 | | Trade accounts receivable and contract assets, net | | $ | 196,629 | | | $ | (13,672) | | | $ | 182,957 | | | Other current assets, net | | $ | 179,531 | | | $ | 6,723 | | | $ | 186,254 | | | Other investments, net | | $ | 325,405 | | | $ | (7,381) | | | $ | 318,024 | | | Other non-current assets, net | | $ | 334,841 | | | $ | 4,050 | | | $ | 338,891 | | | Total assets | | $ | 7,154,298 | | | $ | (10,280) | | | $ | 7,144,018 | | | Deferred tax liabilities, net | | $ | 351,692 | | | $ | (972) | | | $ | 350,720 | | | Accumulated earnings (losses) | | $ | 632,809 | | | $ | (9,068) | | | $ | 623,741 | | | Non-controlling interests | | $ | 75,748 | | | $ | (240) | | | $ | 75,508 | | | Total stockholders’ equity | | $ | 3,745,553 | | | $ | (9,308) | | | $ | 3,736,245 | | | Total liabilities and stockholders’ equity | | $ | 7,154,298 | | | $ | (10,280) | | | $ | 7,144,018 | |
The application of ASC 326 requirements did not materially affect our Condensed Consolidated Statements of Operations for the
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