Intel 2005 Annual Report Download - page 54

Table of Contents
INTEL CORPORATION
CONSOLIDATED BALANCE SHEETS
See accompanying notes.
50
December 31, 2005 and December 25, 2004
(In Millions
—
Except Par Value)
2005
2004
Assets
Current assets:
Cash and cash equivalents
$
7,324
$
8,407
Short
-
term investments
3,990
5,654
Trading assets
1,458
3,111
Accounts receivable, net of allowance for doubtful accounts of $64 ($43 in 2004)
3,914
2,999
Inventories
3,126
2,621
Deferred tax assets
1,149
979
Other current assets
233
287
Total current assets
21,194
24,058
Property, plant and equipment, net
17,111
15,768
Marketable strategic equity securities
537
656
Other long
-
term investments
4,135
2,563
Goodwill
3,873
3,719
Deferred taxes and other assets
1,464
1,379
Total assets
$
48,314
$
48,143
Liabilities and stockholders
’
equity
Current liabilities:
Short
-
term debt
$
313
$
201
Accounts payable
2,249
1,943
Accrued compensation and benefits
2,110
1,858
Accrued advertising
1,160
894
Deferred income on shipments to distributors
632
592
Other accrued liabilities
810
1,355
Income taxes payable
1,960
1,163
Total current liabilities
9,234
8,006
Long
-
term debt
2,106
703
Deferred tax liabilities
703
855
Other long
-
term liabilities
89
—
Commitments and contingencies (Notes 17 and 18)
Stockholders
’
equity:
Preferred stock, $0.001 par value, 50 shares authorized; none issued
—
—
Common stock, $0.001 par value, 10,000 shares authorized; 5,919 issued and outstanding (6,253 in 2004) and
capital in excess of par value
6,245
6,143
Acquisition
-
related unearned stock compensation
—
(
4
)
Accumulated other comprehensive income
127
152
Retained earnings
29,810
32,288
Total stockholders
’
equity
36,182
38,579
Total liabilities and stockholders
’
equity
$
48,314
$
48,143