Apple 2000 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 30, 2000 SEPTEMBER 25, 1999
------------------ ------------------
ASSETS:
Current assets:
Cash and cash equivalents................................. $1,191 $1,326
Short-term investments.................................... 2,836 1,900
Accounts receivable, less allowances of $64 and $68,
respectively............................................ 953 681
Inventories............................................... 33 20
Deferred tax assets....................................... 162 143
Other current assets...................................... 252 215
------ ------
Total current assets.................................... 5,427 4,285
Property, plant, and equipment, net....................... 313 318
Non-current debt and equity investments................... 786 339
Other assets.............................................. 277 219
------ ------
Total assets............................................ $6,803 $5,161
====== ======
LIABILITIES AND SHAREHOLDERS' EQUITY:
Current liabilities:
Accounts payable.......................................... $1,157 $ 812
Accrued expenses.......................................... 776 737
------ ------
Total current liabilities............................... 1,933 1,549
Long-term debt.............................................. 300 300
Deferred tax liabilities.................................... 463 208
------ ------
Total liabilities....................................... 2,696 2,057
------ ------
Commitments and contingencies
Shareholders' equity:
Series A nonvoting convertible preferred stock, no par
value; 150,000 shares authorized, 75,750 and 150,000
issued and outstanding, respectively.................... 76 150
Common stock, no par value; 900,000,000 shares authorized;
335,676,889 and 321,598,122 shares issued and
outstanding, respectively............................... 1,502 1,349
Retained earnings......................................... 2,285 1,499
Accumulated other comprehensive income.................... 244 106
------ ------
Total shareholders' equity.............................. 4,107 3,104
------ ------
Total liabilities and shareholders' equity.............. $6,803 $5,161
====== ======