Microsoft 2008 Annual Report Download - page 37

Download and view the complete annual report

Please find page 37 of the 2008 Microsoft 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.

Page out of 73

  • 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

PAGE 36
BALANCE SHEETS
(In millions)
June 30, 2008 2007
Assets
Current assets:
Cash and cash equivalents $ 10,339 $6,111
Short-term investments (including securities pledged as collateral of $2,491 and
$2,356) 13,323 17,300
Total cash, cash equivalents, and short-term investments 23,662 23,411
Accounts receivable, net of allowance for doubtful accounts of $153 and $117 13,589 11,338
Inventories 985 1,127
Deferred income taxes 2,017 1,899
Other 2,989 2,393
Total current assets 43,242 40,168
Property and equipment, net of accumulated depreciation of $6,302 and $5,016 6,242 4,350
Equity and other investments 6,588 10,117
Goodwill 12,108 4,760
Intangible assets, net 1,973 878
Deferred income taxes 949 1,389
Other long-term assets 1,691 1,509
Total assets $ 72,793 $63,171
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable $ 4,034 $3,247
Accrued compensation 2,934 2,325
Income taxes 3,248 1,040
Short-term unearned revenue 13,397 10,779
Securities lending payable 2,614 2,741
Other 3,659 3,622
Total current liabilities 29,886 23,754
Long-term unearned revenue 1,900 1,867
Other long-term liabilities 4,721 6,453
Commitments and contingencies
Stockholders’ equity:
Common stock and paid-in capital – shares authorized 24,000; outstanding 9,151 and
9,380 62,849 60,557
Retained deficit, including accumulated other comprehensive income of $1,140 and
$1,654 (26,563) (29,460)
Total stockholders’ equity 36,286 31,097
Total liabilities and stockholders’ equity $ 72,793 $63,171
See accompanying notes.