Apple 1995 Annual Report Download - page 22

Consolidated Balance Sheets
(Dollars in millions)
See accompanying notes.
20
September 29, 1995, and September 30, 1994 1995 1994
Assets:
Current assets:
Cash and cash equivalents $ 756 $ 1,203
Short-term investments 196 55
Accounts receivable, net of allowance for
doubtful accounts of $87 ($91 in 1994) 1,931 1,581
Inventories:
Purchased parts 841 469
Work in process 291 207
Finished goods 643 412
1,775 1,088
Deferred tax assets 251 293
Other current assets 315 256
Total current assets 5,224 4,476
Property, plant, and equipment:
Land and buildings 504 484
Machinery and equipment 638 573
Office furniture and equipment 145 158
Leasehold improvements 205 237
1,492 1,452
Accumulated depreciation and amortization (781) (785)
Net property, plant, and equipment 711 667
Other assets 296 160
$ 6,231 $ 5,303
Liabilities and Shareholders' Equity:
Current liabilities:
Short-term borrowings $ 461 $ 292
Accounts payable 1,165 882
Accrued compensation and employee benefits 131 137
Accrued marketing and distribution 206 178
Other current liabilities 362 455
Total current liabilities 2,325 1,944
Long-term debt 303 305
Deferred tax liabilities 702 671
Commitments and contingencies
Shareholders' equity:
Common stock, no par value; 320,000,000 shares
authorized;122,921,601 shares issued and
outstanding in 1995 (119,542,527 shares in 1994) 398 298
Retained earnings 2,464 2,096
Other 39 (11)
Total shareholders' equity 2,901 2,383
$ 6,231 $ 5,303