Intel 1998 Annual Report Download - page 35

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Page 15
CONSOLIDATED BALANCE SHEETS
DECEMBER 26, 1998 AND DECEMBER 27, 1997
(IN MILLIONS--EXCEPT PER SHARE AMOUNTS)
SEE ACCOMPANYING NOTES.
1998 1997
------- -------
ASSETS
Current assets:
Cash and cash equivalents $ 2,038 $ 4,102
Short-term investments 5,272 5,630
Trading assets 316 195
Accounts receivable, net of allowance for
doubtful accounts of $62 ($65 in 1997) 3,527 3,438
Inventories 1,582 1,697
Deferred tax assets 618 676
Other current assets 122 129
------- -------
TOTAL CURRENT ASSETS 13,475 15,867
------- -------
Property, plant and equipment:
Land and buildings 6,297 5,113
Machinery and equipment 13,149 10,577
Construction in progress 1,622 2,437
------- -------
21,068 18,127
Less accumulated depreciation 9,459 7,461
------- -------
PROPERTY, PLANT AND EQUIPMENT, NET 11,609 10,666
------- -------
LONG-TERM INVESTMENTS 5,365 1,839
OTHER ASSETS 1,022 508
------- -------
TOTAL ASSETS $31,471 $28,880
======= =======
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Short-term debt $ 159 $ 212
Long-term debt redeemable within one year - 110
Accounts payable 1,244 1,407
Accrued compensation and benefits 1,285 1,268
Deferred income on shipments to distributors 606 516
Accrued advertising 458 500
Other accrued liabilities 1,094 842
Income taxes payable 958 1,165
------- -------
TOTAL CURRENT LIABILITIES 5,804 6,020
------- -------
LONG-TERM DEBT 702 448
DEFERRED TAX LIABILITIES 1,387 1,076
PUT WARRANTS 201 2,041
COMMITMENTS AND CONTINGENCIES
Stockholders' equity:
Preferred Stock, $.001 par value, 50 shares
authorized; none issued -- --
Common Stock, $.001 par value, 4,500 shares
authorized; 3,315 issued and outstanding (3,256
in 1997) and capital in excess of par value 4,822 3,311
Retained earnings 17,952 15,926
Accumulated other comprehensive income 603 58
------- -------
TOTAL STOCKHOLDERS' EQUITY 23,377 19,295
------- -------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $31,471 $28,880
======= =======