Apple 2012 Annual Report Download - page 45

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CONSOLIDATED BALANCE SHEETS
(In millions, except number of shares which are reflected in thousands)
September 29, 2012 September 24, 2011
ASSETS:
Current assets:
Cash and cash equivalents ................................... $ 10,746 $ 9,815
Short-term marketable securities .............................. 18,383 16,137
Accounts receivable, less allowances of $98 and $53, respectively . . . 10,930 5,369
Inventories ............................................... 791 776
Deferred tax assets ......................................... 2,583 2,014
Vendor non-trade receivables ................................ 7,762 6,348
Other current assets ........................................ 6,458 4,529
Total current assets .................................... 57,653 44,988
Long-term marketable securities .................................. 92,122 55,618
Property, plant and equipment, net ................................ 15,452 7,777
Goodwill .................................................... 1,135 896
Acquired intangible assets, net ................................... 4,224 3,536
Other assets .................................................. 5,478 3,556
Total assets ........................................... $176,064 $116,371
LIABILITIES AND SHAREHOLDERS’ EQUITY:
Current liabilities:
Accounts payable .......................................... $ 21,175 $ 14,632
Accrued expenses ......................................... 11,414 9,247
Deferred revenue .......................................... 5,953 4,091
Total current liabilities .................................. 38,542 27,970
Deferred revenue - non-current ............................... 2,648 1,686
Other non-current liabilities .................................. 16,664 10,100
Total liabilities ........................................ 57,854 39,756
Commitments and contingencies
Shareholders’ equity:
Common stock, no par value; 1,800,000 shares authorized; 939,208
and 929,277 shares issued and outstanding, respectively ......... 16,422 13,331
Retained earnings .......................................... 101,289 62,841
Accumulated other comprehensive income . . . . . . . . . . . . . . . . . . . . . . 499 443
Total shareholders’ equity ............................... 118,210 76,615
Total liabilities and shareholders’ equity .................... $176,064 $116,371
See accompanying Notes to Consolidated Financial Statements.
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