Apple 2006 Annual Report Download - page 90
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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Note 2—Restatement of Consolidated Financial Statements (Continued)
The following table presents the effects of the stock-based compensation and related tax adjustments made to the Company’s previously
reported consolidated balance sheet as of September 24, 2005 (in millions, except share amounts):
89
September 24, 2005
As Reported
Adjustments
As Restated
ASSETS:
Current assets:
Cash and cash equivalents
$
3,491
$
—
$
3,491
Short
-
term investments
4,770
—
4,770
Accounts receivable, less allowance of $46
895
—
895
Inventories
165
—
165
Deferred tax assets
331
—
331
Other current assets
648
—
648
Total current assets
10,300
—
10,300
Property, plant, and equipment, net
817
—
817
Goodwill
69
—
69
Acquired intangible assets, net
27
—
27
Other assets
338
(35
)
303
Total assets
$
11,551
(35
)
$
11,516
LIABILITIES AND SHAREHOLDERS’ EQUITY:
Current liabilities:
Accounts payable
$
1,779
$
—
$
1,779
Accrued expenses
1,705
3
1,708
Total current liabilities
3,484
3
3,487
Non
-current liabilities
601
—
601
Total liabilities
4,085
3
4,088
Commitments and contingencies
Shareholders
’
equity:
Common stock, no par value; 1,800,000,000 shares authorized;
835,019,364 shares issued and outstanding
3,521
43
3,564
Deferred stock compensation
(60
)
(1
)
(61
)
Retained earnings
4,005
(80
)
3,925
Accumulated other comprehensive income
—
—
—
Total shareholders’ equity
7,466
(38
)
7,428
Total liabilities and shareholders’ equity
$
11,551
(35
)
$
11,516