Microsoft 2003 Annual Report Download - page 33

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Part II, Item 8
MSFT 2003 FORM 10-K
20 /
BALANCE SHEETS
(In millions)
June 30 2002 2003
A
ssets
Current assets:
Cash and equivalents $ 3,016 $ 6,438
Short-term investments 35,636 42,610
Total cash and short-term investments 38,652 49,048
Accounts receivable, net 5,129 5,196
Inventories 673 640
Deferred income taxes 2,112 2,506
Other 2,010 1,583
Total current assets 48,576 58,973
Property and equipment, net 2,268 2,223
Equity and other investments 14,191 13,692
Goodwill 1,426 3,128
Intangible assets, net 243 384
Other long-term assets 942 1,171
Total assets $67,646 $79,571
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable $ 1,208 $ 1,573
Accrued compensation 1,145 1,416
Income taxes 2,022 2,044
Short-term unearned revenue 5,920 7,225
Other 2,449 1,716
Total current liabilities 12,744 13,974
Long-term unearned revenue 1,823 1,790
Deferred income taxes 398 1,731
Other long-term liabilities 501 1,056
Commitments and contingencies
Stockholders’ equity:
Common stock and paid-in capital – shares authorized 24,000; Shares issued and outstanding 10,718 and 10,771 31,647 35,344
Retained earnings, including accumulated other comprehensive income of $583 and $1,840 20,533 25,676
Total stockholders’ equity 52,180 61,020
Total liabilities and stockholders’ equity $67,646 $79,571
See accompanying notes.