Intel 2003 Annual Report Download - page 56

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Table of Contents
Index to Financial Statements
INTEL CORPORATION
CONSOLIDATED BALANCE SHEETS
See accompanying notes.
53
December 27, 2003 and December 28, 2002
(In Millions—Except Par Value)
2003
2002
Assets
Current assets:
Cash and cash equivalents
$
7,971
$
7,404
Short
-
term investments
5,568
3,382
Trading assets
2,625
1,801
Accounts receivable, net of allowance for doubtful accounts of $55 ($57 in 2002)
2,960
2,574
Inventories
2,519
2,276
Deferred tax assets
969
1,136
Other current assets
270
352
Total current assets
22,882
18,925
Property, plant and equipment, net
16,661
17,847
Marketable strategic equity securities
514
56
Other long
-
term investments
1,866
1,178
Goodwill
3,705
4,330
Other assets
1,515
1,888
Total assets
$
47,143
$
44,224
Liabilities and stockholders
’
equity
Current liabilities:
Short
-
term debt
$
224
$
436
Accounts payable
1,660
1,543
Accrued compensation and benefits
1,559
1,287
Accrued advertising
716
622
Deferred income on shipments to distributors
633
475
Other accrued liabilities
1,302
1,075
Income taxes payable
785
1,157
Total current liabilities
6,879
6,595
Long-term debt
936
929
Deferred tax liabilities
1,482
1,232
Commitments and contingencies
Stockholders
’
equity:
Preferred stock, $0.001 par value, 50 shares authorized; none issued
—
—
Common stock, $0.001 par value, 10,000 shares authorized; 6,487 issued and outstanding (6,575 in 2002) and
capital in excess of par value
6,754
7,641
Acquisition
-
related unearned stock compensation
(20
)
(63
)
Accumulated other comprehensive income
96
43
Retained earnings
31,016
27,847
Total stockholders
’
equity
37,846
35,468
Total liabilities and stockholders
’
equity
$
47,143
$
44,224