Microsoft 2007 Annual Report Download - page 35

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PAGE 34
BALANCE SHEETS
(In millions)
June 30 2007 2006
Assets
Current assets:
Cash and equivalents $ 6,111 $ 6,714
Short-term investments (including securities pledged as collateral of
$2,356 and $3,065) 17,300 27,447
Total cash and short-term investments 23,411 34,161
Accounts receivable, net of allowance for doubtful accounts of $117 and $142 11,338 9,316
Inventories 1,127 1,478
Deferred income taxes 1,899 1,940
Other 2,393 2,115
Total current assets 40,168 49,010
Property and equipment, net 4,350 3,044
Equity and other investments 10,117 9,232
Goodwill 4,760 3,866
Intangible assets, net 878 539
Deferred income taxes 1,389 2,611
Other long-term assets 1,509 1,295
Total assets $63,171 $69,597
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable $ 3,247 $ 2,909
Accrued compensation 2,325 1,938
Income taxes 1,040 1,557
Short-term unearned revenue 10,779 9,138
Securities lending payable 2,741 3,117
Other 3,622 3,783
Total current liabilities 23,754 22,442
Long-term unearned revenue 1,867 1,764
Other long-term liabilities 6,453 5,287
Commitments and contingencies
Stockholders’ equity:
Common stock and paid-in capital – shares authorized 24,000; outstanding 9,380 and
10,062 60,557 59,005
Retained deficit, including accumulated other comprehensive income of $1,654 and
$1,229 (29,460) (18,901)
Total stockholders’ equity 31,097 40,104
Total liabilities and stockholders’ equity $63,171 $69,597
See accompanying notes.