Medtronic 2009 Annual Report Download - page 54
Download and view the complete annual report
Please find page 54 of the 2009 Medtronic annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44 -
45 -
46 -
47 -
48 -
49 -
50 -
51 -
52 -
53 -
54 -
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
 |
 |
50 Medtronic, Inc.
Consolidated Balance Sheets
(in millions, except per share data)
April 24,
2009
April 25,
2008
Assets
Current assets:
Cash and cash equivalents $ 1,271 $ 1,060
Short-term investments 405 553
Accounts receivable, less allowances of $61 and $99, respectively 3,123 3,287
Income tax receivable —73
Inventories 1,426 1,280
Deferred tax assets, net 605 600
Prepaid expenses and other current assets 630 469
Total current assets 7,460 7,322
Property, plant and equipment, net 2,279 2,221
Goodwill 8,195 7,519
Other intangible assets, net 2,477 2,193
Long-term investments 2,769 2,322
Long-term deferred tax assets, net 65 103
Other assets 416 518
Total assets $23,661 $22,198
Liabilities and Shareholders’ Equity
Current liabilities:
Short-term borrowings $ 522 $ 1,154
Accounts payable 382 383
Accrued compensation 901 789
Accrued income taxes 130 —
Other accrued expenses 1,212 1,209
Total current liabilities 3,147 3,535
Long-term debt 6,772 5,802
Long-term accrued compensation and retirement benefits 329 304
Long-term accrued income taxes 475 519
Other long-term liabilities 87 502
Total liabilities 10,810 10,662
Commitments and contingencies (Note 16) ——
Shareholders’ equity:
Preferred stock—par value $1.00; 2.5 million shares authorized, none outstanding ——
Common stock—par value $0.10; 1.6 billion shares authorized, 1,119,140,192 and
1,124,926,775 shares issued and outstanding, respectively 112 112
Retained earnings 12,941 11,710
Accumulated other comprehensive loss (202) (286)
Total shareholders’ equity 12,851 11,536
Total liabilities and shareholders’ equity $23,661 $22,198
The accompanying notes are an integral part of these consolidated financial statements.