Apple 2007 Annual Report Download - page 59

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CONSOLIDATED BALANCE SHEETS
(In millions, except share amounts)
See accompanying Notes to Consolidated Financial Statements.
55
September 29, 2007
September 30, 2006
ASSETS:
Current assets:
Cash and cash equivalents
$
9,352
$
6,392
Short
-
term investments
6,034
3,718
Accounts receivable, less allowances of $47 and $52, respectively
1,637
1,252
Inventories
346
270
Deferred tax assets
782
607
Other current assets
3,805
2,270
Total current assets
21,956
14,509
Property, plant, and equipment, net
1,832
1,281
Goodwill
38
38
Acquired intangible assets, net
299
139
Other assets
1,222
1,238
Total assets
$
25,347
$
17,205
LIABILITIES AND SHAREHOLDERS' EQUITY:
Current liabilities:
Accounts payable
$
4,970
$
3,390
Accrued expenses
4,329
3,053
Total current liabilities
9,299
6,443
Non
-
current liabilities
1,516
778
Total liabilities
10,815
7,221
Commitments and contingencies
Shareholders' equity:
Common stock, no par value; 1,800,000,000 shares authorized;
872,328,972 and 855,262,568 shares issued and outstanding,
respectively
5,368
4,355
Retained earnings
9,101
5,607
Accumulated other comprehensive income
63
22
Total shareholders' equity
14,532
9,984
Total liabilities and shareholders' equity
$
25,347
$
17,205