Microsoft 2006 Annual Report Download - page 43

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PAGE 42
BALANCE SHEETS
(In millions)
June 30
2006
2005
Assets
Current assets:
Cash and equivalents $ 6,714
$
4,851
Short-
t
erm investments (including securities pledged as collateral of $3,065 and $-)
27,447
32,900
Total cash and short-
t
erm investments 34,16
1
37,751
Accounts receivable, net of allowance for doubtful accounts of $142 and $171
9,316
7,180
Inventories, net 1,478
491
Deferred income taxes 1,940
1,701
Other 2,115
1,614
Total current assets 49,010
48,737
Property and equipment, net 3,044
2,346
Equity and other investments 9,232
11,004
Goodwill 3,866
3,309
Intangible assets, ne
t
539
499
Deferred income taxes 2,61
1
3,621
Other lon
g
-
t
erm assets 1,295
1,299
Total assets $ 69,597
$
70,815
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable $ 2,909
$
2,086
Accrued compensation 1,938
1,662
Income taxes 1,557
2,020
Short-
t
erm unearned revenue 9,138
7,502
Securities lending payable 3,117
—
Other 3,783
3,607
Total current liabilities 22,442
16,877
Lon
g
-
t
erm unearned revenue 1,764
1,665
Other lon
g
-
t
erm liabilities 5,287
4,158
Commitments and contingencies
Stockholders’ equity:
Common stock and paid-in capital – shares authorized 24,000; outstanding 10,062 and
10,710 59,005
60,413
Retained earnings (deficit), including accumulated other comprehensive income of $1,229
and $1,426 (18,90
1
)
(12,298)
Total stockholders’ equit
y
40,104
48,115
Total liabilities and stockholders’ equit
y
$ 69,597
$
70,815
See accompanying notes.