Cisco 2009 Annual Report Download - page 41

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Consolidated Balance Sheets
(in millions, except par value)
July 25, 2009 July 26, 2008
ASSETS
Current assets:
Cash and cash equivalents $ 5,718 $ 5,191
Investments 29,283 21,044
Accounts receivable, net of allowance for doubtful accounts of $216 at July 25, 2009 and $177 at July 26,
2008 3,177 3,821
Inventories 1,074 1,235
Deferred tax assets 2,320 2,075
Prepaid expenses and other current assets 2,605 2,333
Total current assets 44,177 35,699
Property and equipment, net 4,043 4,151
Goodwill 12,925 12,392
Purchased intangible assets, net 1,702 2,089
Other assets 5,281 4,403
TOTAL ASSETS $ 68,128 $ 58,734
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt $—$ 500
Accounts payable 675 869
Income taxes payable 166 107
Accrued compensation 2,535 2,428
Deferred revenue 6,438 6,197
Other current liabilities 3,841 3,757
Total current liabilities 13,655 13,858
Long-term debt 10,295 6,393
Income taxes payable 2,007 749
Deferred revenue 2,955 2,663
Other long-term liabilities 539 669
Total liabilities 29,451 24,332
Commitments and contingencies (Note 11)
Minority interest 30 49
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; 5,785 and 5,893
shares issued and outstanding at July 25, 2009 and July 26, 2008, respectively 34,344 33,505
Retained earnings 3,868 120
Accumulated other comprehensive income 435 728
Total shareholders’ equity 38,647 34,353
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 68,128 $ 58,734
See Notes to Consolidated Financial Statements.
2009 Annual Report 39