Microsoft 2012 Annual Report Download - page 42

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BALANCE SHEETS
(In millions)
June 30,
2012
2011
Assets
Current assets:
Cash and cash equivalents
$
6,938
$
9,610
Short-term investments (including securities loaned of $785 and $1,181)
56,102
43,162
Total cash, cash equivalents, and short-term investments
63,040
52,772
Accounts receivable, net of allowance for doubtful accounts of $389 and $333
15,780
14,987
Inventories
1,137
1,372
Deferred income taxes
2,035
2,467
Other
3,092
3,320
Total current assets
85,084
74,918
Property and equipment, net of accumulated depreciation of $10,962 and $9,829
8,269
8,162
Equity and other investments
9,776
10,865
Goodwill
13,452
12,581
Intangible assets, net
3,170
744
Other long-term assets
1,520
1,434
Total assets
$
121,271
$
108,704
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable
$
4,175
$
4,197
Current portion of long-term debt
1,231
0
Accrued compensation
3,875
3,575
Income taxes
789
580
Short-term unearned revenue
18,653
15,722
Securities lending payable
814
1,208
Other
3,151
3,492
Total current liabilities
32,688
28,774
Long-term debt
10,713
11,921
Long-term unearned revenue
1,406
1,398
Deferred income taxes
1,893
1,456
Other long-term liabilities
8,208
8,072
Total liabilities
54,908
51,621
Commitments and contingencies
Stockholders’ equity:
Common stock and paid-in capital – shares authorized 24,000; outstanding 8,381 and
8,376
65,797
63,415
Retained earnings (deficit), including accumulated other comprehensive income of
$1,422 and $1,863
566
(6,332
)
Total stockholders’ equity
66,363
57,083
Total liabilities and stockholders’ equity
$
121,271
$
108,704
See accompanying notes.