Apple 2001 Annual Report Download - page 30

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CONSOLIDATED BALANCE SHEETS
(In millions, except share amounts)
See accompanying notes to consolidated financial statements.
38
CONSOLIDATED STATEMENTS OF OPERATIONS
(In millions, except share and per share amounts)
September 29, 2001
September 30, 2000
ASSETS:
Current assets:
Cash and cash equivalents
$
2,310
$
1,191
Short
-
term investments
2,026
2,836
Accounts receivable, less allowances of $51 and $64, respectively
466
953
Inventories
11
33
Deferred tax assets
169
162
Other current assets
161
252
Total current assets
5,143
5,427
Property, plant, and equipment, net
564
419
Non
-
current debt and equity investments
128
786
Other assets
186
171
Total assets
$
6,021
$
6,803
LIABILITIES AND SHAREHOLDERS' EQUITY:
Current liabilities:
Accounts payable
$
801
$
1,157
Accrued expenses
717
776
Total current liabilities
1,518
1,933
Long
-
term debt
317
300
Deferred tax liabilities
266
463
Total liabilities
2,101
2,696
Commitments and contingencies
Shareholders' equity:
Series A nonvoting convertible preferred stock, no par value; 150,000 shares authorized,
none and 75,750 issued and outstanding, respectively
—
76
Common stock, no par value; 900,000,000 shares authorized; 350,921,661 and
335,676,889 shares issued and outstanding, respectively
1,693
1,502
Acquisition
-
related deferred stock compensation
(11
)
0
Retained earnings
2,260
2,285
Accumulated other comprehensive income (loss)
(22
)
244
Total shareholders' equity
3,920
4,107
Total liabilities and shareholders' equity
$
6,021
$
6,803