Apple 2005 Annual Report Download - page 62

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CONSOLIDATED BALANCE SHEETS
(In millions, except share amounts)
See accompanying notes to consolidated financial statements.
60
September 24, 2005
September 25, 2004
ASSETS:
Current assets:
Cash and cash equivalents
$
3,491
$
2,969
Short
-
term investments
4,770
2,495
Accounts receivable, less allowances of $46 and $47, respectively
895
774
Inventories
165
101
Deferred tax assets
331
231
Other current assets
648
485
Total current assets
10,300
7,055
Property, plant, and equipment, net
817
707
Goodwill
69
80
Acquired intangible assets, net
27
17
Other assets
338
191
Total assets
$
11,551
$
8,050
LIABILITIES AND SHAREHOLDERS’ EQUITY:
Current liabilities:
Accounts payable
$
1,779
$
1,451
Accrued expenses
1,705
1,200
Total current liabilities
3,484
2,651
Non
-current liabilities
601
323
Total liabilities
4,085
2,974
Commitments and contingencies
Shareholders
’
equity:
Common stock, no par value; 1,800,000,000 shares authorized;
835,019,364 and 782,887,234 shares issued and outstanding,
respectively
3,521
2,514
Deferred stock compensation
(60
)
(93
)
Retained earnings
4,005
2,670
Accumulated other comprehensive income (loss)
—
(
15
)
Total shareholders’ equity
7,466
5,076
Total liabilities and shareholders’ equity
$
11,551
$
8,050