Apple 1999 Annual Report Download - page 36
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CONSOLIDATED BALANCE SHEETS
(IN MILLIONS, EXCEPT SHARE AMOUNTS)
See accompanying notes to consolidated financial statements.
33
SEPTEMBER 25,1999 SEPTEMBER 25,1998
----------------- -----------------
ASSETS:
Current assets:
Cash and cash equivalents................................. $1,326 $1,481
Short-term investments.................................... 1,900 819
Accounts receivable, less allowances of $68 and $81,
respectively............................................ 681 955
Inventories............................................... 20 78
Deferred tax assets....................................... 143 182
Other current assets...................................... 215 183
------ ------
Total current assets.................................... 4,285 3,698
Property, plant, and equipment, net....................... 318 348
Other assets.............................................. 558 243
------ ------
Total assets............................................ $5,161 $4,289
====== ======
LIABILITIES AND SHAREHOLDERS' EQUITY:
Current liabilities:
Accounts payable.......................................... $ 812 $ 719
Accrued expenses.......................................... 737 801
------ ------
Total current liabilities............................... 1,549 1,520
Long-term debt.............................................. 300 954
Deferred tax liabilities.................................... 208 173
------ ------
Total liabilities....................................... 2,057 2,647
====== ======
Commitments and contingencies
Shareholders' equity:
Series A nonvoting convertible preferred stock, no par
value; 150,000 shares authorized, issued and
outstanding............................................. 150 150
Common stock, no par value; 320,000,000 shares authorized;
160,799,061 and 135,192,769 shares issued and
outstanding, respectively............................... 1,349 633
Retained earnings......................................... 1,499 898
Accumulated other comprehensive income (loss)............. 106 (39)
------ ------
Total shareholders' equity.............................. 3,104 1,642
------ ------
Total liabilities and shareholders' equity.............. $5,161 $4,289
====== ======