Motorola 2002 Annual Report Download - page 25
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Intelligence Everywhere™23
(In millions, except per share amounts)
December 31 2002 2001
ASSETS
Current assets
Cash and cash equivalents $ 6,507 $ 6,082
Short-term investments 59 80
Accounts receivable, net 4,437 4,583
Inventories, net 2,869 2,756
Deferred income taxes 2,358 2,633
Other current assets 904 1,015
Total current assets 17,134 17,149
Property, plant and equipment, net 6,104 8,913
Investments 2,053 2,954
Deferred income taxes 3,112 1,152
Other assets 2,749 3,230
Total assets $ 31,152 $ 33,398
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Notes payable and current portion of long-term debt $ 1,629 $ 870
Accounts payable 2,268 2,434
Accrued liabilities 5,913 6,394
Total current liabilities 9,810 9,698
Long-term debt 7,189 8,372
Other liabilities 2,429 1,152
Company-obligated mandatorily redeemable preferred securities of
subsidiary trust holding solely company-guaranteed debentures 485 485
Stockholders’ equity
Preferred stock, $100 par value
Authorized shares: 0.5 (none issued) — —
Common stock, $3 par value
Authorized shares: 2002 and 2001, 4,200
Issued and outstanding: 2002 – 2,315.3; 2001 – 2,254.0 6,947 6,764
Additional paid-in capital 2,233 1,707
Retained earnings 2,582 5,434
Non-ow ner changes to equity (523) (214)
Total stockholders’ equity 11,239 13,691
Total liabilities and stockholders’ equity $ 31,152 $ 33,398
CONSOLIDATED BALANCE SHEETS