Cisco 2011 Annual Report Download - page 88

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Consolidated Balance Sheets
(in millions, except par value)
July 30, 2011 July 31, 2010
ASSETS
Current assets:
Cash and cash equivalents ...................................................... $ 7,662 $ 4,581
Investments .................................................................. 36,923 35,280
Accounts receivable, net of allowance for doubtful accounts of $204 at July 30, 2011 and $235
at July 31, 2010 ............................................................. 4,698 4,929
Inventories ................................................................... 1,486 1,327
Financing receivables, net ....................................................... 3,111 2,303
Deferred tax assets ............................................................ 2,410 2,126
Other current assets ............................................................ 941 875
Total current assets ........................................................ 57,231 51,421
Property and equipment, net ......................................................... 3,916 3,941
Financing receivables, net ........................................................... 3,488 2,614
Goodwill ........................................................................ 16,818 16,674
Purchased intangible assets, net ...................................................... 2,541 3,274
Other assets ...................................................................... 3,101 3,206
TOTAL ASSETS ......................................................... $87,095 $81,130
LIABILITIES AND EQUITY
Current liabilities:
Short-term debt ............................................................... $ 588 $ 3,096
Accounts payable ............................................................. 876 895
Income taxes payable .......................................................... 120 90
Accrued compensation ......................................................... 3,163 3,129
Deferred revenue .............................................................. 8,025 7,664
Other current liabilities ......................................................... 4,734 4,359
Total current liabilities ..................................................... 17,506 19,233
Long-term debt ................................................................... 16,234 12,188
Income taxes payable .............................................................. 1,191 1,353
Deferred revenue .................................................................. 4,182 3,419
Other long-term liabilities ........................................................... 723 652
Total liabilities ........................................................... 39,836 36,845
Commitments and contingencies (Note 12)
Equity:
Cisco 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; 5,435
and 5,655 shares issued and outstanding at July 30, 2011 and July 31, 2010, respectively .... 38,648 37,793
Retained earnings ............................................................. 7,284 5,851
Accumulated other comprehensive income ......................................... 1,294 623
Total Cisco shareholders’ equity ............................................. 47,226 44,267
Noncontrolling interests ........................................................ 33 18
Total equity .............................................................. 47,259 44,285
TOTAL LIABILITIES AND EQUITY ...................................... $87,095 $81,130
See Notes to Consolidated Financial Statements.
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