Apple 1994 Annual Report Download - page 25

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Consolidated Balance Sheets
(Dollars in thousands)
See accompanying notes.
23
September 30, 1994, and September 24, 1993 1994 1993
Assets:
Current assets:
Cash and cash equivalents $ 1,203,488 $ 676,413
Short-term investments 54,368 215,890
Accounts receivable, net of allowance for
doubtful accounts of $90,992 ($83,776 in 1993) 1,581,347 1,381,946
Inventories 1,088,434 1,506,638
Deferred tax assets 293,048 268,085
Other current assets 255,767 289,383
Total current assets 4,476,452 4,338,355
Property, plant, and equipment:
Land and buildings 484,592 404,688
Machinery and equipment 572,728 578,272
Office furniture and equipment 158,160 167,905
Leasehold improvements 236,708 261,792
1,452,188 1,412,657
Accumulated depreciation and amortization (785,088) (753,111)
Net property, plant, and equipment 667,100 659,546
Other assets 159,194 173,511
$ 5,302,746 $ 5,171,412
Liabilities and Shareholders' Equity:
Current liabilities:
Short-term borrowings $ 292,200 $ 823,182
Accounts payable 881,717 742,622
Accrued compensation and employee benefits 136,895 144,779
Accrued marketing and distribution 178,294 174,547
Accrued restructuring costs 58,238 307,932
Other current liabilities 396,961 315,023
Total current liabilities 1,944,305 2,508,085
Long-term debt 304,472 7,117
Deferred tax liabilities 670,668 629,832
Commitments and contingencies
Shareholders' equity:
Common stock, no par value; 320,000,000 shares
authorized; 119,542,527 shares issued and
outstanding in 1994 (116,147,035 shares in
1993) 297,929 203,613
Retained earnings 2,096,206 1,842,600
Accumulated translation adjustment (10,834) (19,835)
Total shareholders' equity 2,383,301 2,026,378
$ 5,302,746 $ 5,171,412