Apple 2008 Annual Report Download - page 57

Download and view the complete annual report

Please find page 57 of the 2008 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 103

  • 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

Table of Contents
CONSOLIDATED BALANCE SHEETS
(In millions, except share amounts)
See accompanying Notes to Consolidated Financial Statements.
54
September 27, 2008
September 29, 2007
ASSETS:
Current assets:
Cash and cash equivalents
$
11,875
$
9,352
Short
-
term investments
12,615
6,034
Accounts receivable, less allowances of $47 in each period
2,422
1,637
Inventories
509
346
Deferred tax assets
1,447
782
Other current assets
5,822
3,805
Total current assets
34,690
21,956
Property, plant, and equipment, net
2,455
1,832
Goodwill
207
38
Acquired intangible assets, net
285
299
Other assets
1,935
1,222
Total assets
$
39,572
$
25,347
LIABILITIES AND SHAREHOLDERS
’
EQUITY:
Current liabilities:
Accounts payable
$
5,520
$
4,970
Accrued expenses
8,572
4,310
Total current liabilities
14,092
9,280
Non
-
current liabilities
4,450
1,535
Total liabilities
18,542
10,815
Commitments and contingencies
Shareholders
’
equity:
Common stock, no par value; 1,800,000,000 shares authorized; 888,325,973 and
872,328,972 shares issued and outstanding, respectively
7,177
5,368
Retained earnings
13,845
9,101
Accumulated other comprehensive income
8
63
Total shareholders
’
equity
21,030
14,532
Total liabilities and shareholders
’
equity
$
39,572
$
25,347