Balance Sheets
BALANCE SHEETS
(In millions) | |||
June 30, | 2011 | 2010 | |
Assets | |||
Current assets: | |||
Cash and cash equivalents | $ 9,610 | $ 5,505 | |
Short-term investments (including securities loaned of $1,181 and $62) | 43,162 | 31,283 | |
Total cash, cash equivalents, and short-term investments | 52,772 | 36,788 | |
Accounts receivable, net of allowance for doubtful accounts of $333 and $375 | 14,987 | 13,014 | |
Inventories | 1,372 | 740 | |
Deferred income taxes | 2,467 | 2,184 | |
Other | 3,320 | 2,950 | |
Total current assets | 74,918 | 55,676 | |
Property and equipment, net of accumulated depreciation of $9,829 and $8,629 | 8,162 | 7,630 | |
Equity and other investments | 10,865 | 7,754 | |
Goodwill | 12,581 | 12,394 | |
Intangible assets, net | 744 | 1,158 | |
Other long-term assets | 1,434 | 1,501 | |
Total assets | $ 108,704 | $ 86,113 | |
Liabilities and stockholders’ equity | |||
Current liabilities: | |||
Accounts payable | $ 4,197 | $ 4,025 | |
Short-term debt | 0 | 1,000 | |
Accrued compensation | 3,575 | 3,283 | |
Income taxes | 580 | 1,074 | |
Short-term unearned revenue | 15,722 | 13,652 | |
Securities lending payable | 1,208 | 182 | |
Other | 3,492 | 2,931 | |
Total current liabilities | 28,774 | 26,147 | |
Long-term debt | 11,921 | 4,939 | |
Long-term unearned revenue | 1,398 | 1,178 | |
Deferred income taxes | 1,456 | 229 | |
Other long-term liabilities | 8,072 | 7,445 | |
Total liabilities | 51,621 | 39,938 | |
Commitments and contingencies | |||
Stockholders’ equity: | |||
Common stock and paid-in capital – shares authorized 24,000; outstanding 8,376 and 8,668 | 63,415 | 62,856 | |
Retained deficit, including accumulated other comprehensive income of $1,863 and $1,055 | (6,332 ) | (16,681 ) | |
Total stockholders’ equity | 57,083 | 46,175 | |
Total liabilities and stockholders’ equity | $ 108,704 | $ 86,113 |
See accompanying notes.