Cisco 2002 Annual Report Download - page 28

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Consolidated Balance Sheets
(In millions, except par value)
26 Cisco Systems, Inc. 2002 Annual Report
July 27, 2002 July 28, 2001
ASSETS
Current assets:
Cash and cash equivalents $ 9,484 $ 4,873
Short-term investments 3,172 2,034
Accounts receivable, net of allowance for doubtful accounts
of $335 at July 27, 2002 and $288 at July 28, 2001 1,105 1,466
Inventories, net 880 1,684
Deferred tax assets 2,030 1,809
Lease receivables, net 239 405
Prepaid expenses and other current assets 523 564
Total current assets 17,433 12,835
Investments 8,800 10,346
Restricted investments –1,264
Property and equipment, net 4,102 2,591
Goodwill 3,565 3,189
Purchased intangible assets, net 797 1,470
Lease receivables, net 39 253
Other assets 3,059 3,290
TOTAL ASSETS $37,795 $35,238
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 470 $ 644
Income taxes payable 579 241
Accrued compensation 1,365 1,058
Deferred revenue 3,143 2,470
Other accrued liabilities 2,496 2,553
Restructuring liabilities 322 386
Total current liabilities 8,375 7,352
Deferred revenue 749 744
Total liabilities 9,124 8,096
Commitments and contingencies (Note 8)
Minority interest 15 22
Shareholders’ equity:
Preferred stock, no par value: 5 shares authorized;
none issued and outstanding ––
Common stock and additional paid-in capital, $0.001 par value:
20,000 shares authorized; 7,303 and 7,324 shares issued and
outstanding at July 27, 2002 and July 28, 2001, respectively 20,950 20,051
Retained earnings 7,733 7,344
Accumulated other comprehensive loss (27) (275)
Total shareholders’ equity 28,656 27,120
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $37,795 $35,238
See Notes to Consolidated Financial Statements.