Medtronic 2007 Annual Report Download - page 55

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April 27,
2007
April 28,
2006
Assets
Current assets:
Cash and cash equivalents $ 1,256 $ 2,994
Short-term investments 1,822 3,107
Accounts receivable, less allowances of $160 and $184, respectively 2,737 2,429
Inventories 1,215 1,177
Deferred tax assets, net 405 197
Prepaid expenses and other current assets 483 473
Total current assets 7,918 10,377
Property, plant and equipment, net 2,062 1,881
Goodwill 4,327 4,346
Other intangible assets, net 1,433 1,592
Long-term investments 3,203 957
Long-term deferred tax assets, net 204 Ñ
Other assets 365 512
Total assets $ 19,512 $ 19,665
Liabilities and ShareholdersÕ Equity
Current liabilities:
Short-term borrowings $ 509 $ 2,437
Accounts payable 282 319
Accrued compensation 767 723
Accrued income taxes 350 461
Other accrued expenses 655 466
Total current liabilities 2,563 4,406
Long-term debt 5,578 5,486
Deferred tax liabilities, net Ñ22
Long-term accrued compensation 264 189
Other long-term liabilities 130 179
Total liabilities 8,535 10,282
Commitments and contingencies (Notes 7, 14 and 15) ÑÑ
ShareholdersÕ equity:
Preferred stockÑpar value $1.00; 2.5 million shares authorized, none outstanding ÑÑ
Common stockÑpar value $0.10; 1.6 billion shares authorized, 1,143,407,452 and
1,155,237,090 shares issued and outstanding, respectively 114 116
Retained earnings 10,925 9,112
Accumulated other comprehensive (loss)/income (62) 155
Total shareholdersÕ equity 10,977 9,383
Total liabilities and shareholdersÕ equity $ 19,512 $ 19,665
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