Intel 1996 Annual Report Download - page 43

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Consolidated balance sheets
December 28, 1996 and December 30, 1995
(In millions-
except per share amounts) 1996 1995
- - -------------------------------------------------------------------------
Assets
Current assets:
Cash and cash equivalents $ 4,165 $ 1,463
Short-term investments 3,742 995
Trading assets 87 --
Accounts receivable, net of allowance for doubtful
accounts of $68 ($57 in 1995) 3,723 3,116
Inventories 1,293 2,004
Deferred tax assets 570 408
Other current assets 104 111
------ -------
Total current assets 13,684 8,097
------ -------
Property, plant and equipment:
Land and buildings 4,372 3,145
Machinery and equipment 8,729 7,099
Construction in progress 1,161 1,548
------ -------
14,262 11,792
Less accumulated depreciation 5,775 4,321
------ -------
Property, plant and equipment, net 8,487 7,471
------ -------
Long-term investments 1,353 1,653
Other assets 211 283
------ -------
Total assets $23,735 $17,504
======= =======
Liabilities and stockholders' equity
Current liabilities:
Short-term debt $ 389 $ 346
Accounts payable 969 864
Deferred income on shipments to distributors 474 304
Accrued compensation and benefits 1,128 758
Accrued advertising 410 218
Other accrued liabilities 507 328
Income taxes payable 986 801
------ -------
Total current liabilities 4,863 3,619
------ -------
Long-term debt 728 400
Deferred tax liabilities 997 620
Put warrants 275 725
Commitments and contingencies
Stockholders' equity:
Preferred Stock, $.001 par value, 50 shares authorized;
none issued -- --
Common Stock, $.001 par value, 1,400 shares authorized;
821 issued and outstanding in 1996 and 1995,
and capital in excess of par value 2,897 2,583
Retained earnings 13,975 9,557
------- -------
Total stockholders' equity 16,872 12,140
------- -------
Total liabilities and stockholders' equity $23,735 $17,504
======= =======
See accompanying notes.