Apple 2004 Annual Report Download - page 63

Download and view the complete annual report

Please find page 63 of the 2004 Apple annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 132

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132

CONSOLIDATED BALANCE SHEETS
(In millions, except share amounts)
See accompanying notes to consolidated financial statements.
60
September 25, 2004
September 27, 2003
ASSETS:
Current assets:
Cash and cash equivalents
$
2,969
$
3,396
Short
-
term investments
2,495
1,170
Accounts receivable, less allowances of $47 and $49, respectively
774
766
Inventories
101
56
Deferred tax assets
231
190
Other current assets
485
309
Total current assets
7,055
5,887
Property, plant, and equipment, net
707
669
Goodwill
80
85
Acquired intangible assets
17
24
Other assets
191
150
Total assets
$
8,050
$
6,815
LIABILITIES AND SHAREHOLDERS' EQUITY:
Current liabilities:
Accounts payable
$
1,451
$
1,154
Accrued expenses
1,229
899
Current debt
—
304
Total current liabilities
2,680
2,357
Deferred tax liabilities and other non
-
current liabilities
294
235
Total liabilities
2,974
2,592
Commitments and contingencies
Shareholders' equity:
Common stock, no par value; 900,000,000 shares authorized; 391,443,617 and
366,726,584 shares issued and outstanding, respectively
2,514
1,926
Deferred stock compensation
(93
)
(62
)
Retained earnings
2,670
2,394
Accumulated other comprehensive income (loss)
(15
)
(35
)
Total shareholders' equity
5,076
4,223
Total liabilities and shareholders' equity
$
8,050
$
6,815