EMC 2006 Annual Report Download - page 46

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Table of Contents
EMC CORPORATION
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
December 31,
ASSETS
2006
2005
Current assets:
Cash and cash equivalents $ 1,828,106 $ 2,322,370
Short-term investments 1,521,925 1,615,495
Accounts and notes receivable, less allowance for doubtful accounts of $39,509
and $38,126 1,692,214 1,405,564
Inventories 834,800 724,751
Deferred income taxes 418,146 326,318
Other current assets 225,396 179,478
Total current assets 6,520,587 6,573,976
Long-term investments 2,246,290 3,417,589
Property, plant and equipment, net 2,035,559 1,754,035
Deferred income taxes 104,446 —
Intangible assets, net 1,003,549 563,024
Other assets, net 638,655 598,252
Goodwill, net 6,017,161 3,883,507
Total assets $ 18,566,247 $ 16,790,383
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 680,263 $ 583,756
Accrued expenses 1,592,022 1,279,857
Income taxes payable 283,148 645,694
Deferred revenue 1,325,671 1,164,551
Total current liabilities 3,881,104 3,673,858
Deferred revenue 780,124 640,598
Deferred income taxes — 175,192
Long-term convertible debt 3,450,000 126,963
Other liabilities 129,312 108,342
Commitments and contingencies
Stockholders' equity:
Series preferred stock, par value $0.01; authorized 25,000 shares; none outstanding — —
Common stock, par value $0.01; authorized 6,000,000 shares; issued
2,122,339 and 2,384,147 shares 21,223 23,841
Additional paid-in capital 2,564,554 5,867,076
Deferred compensation — (332,311)
Retained earnings 7,794,493 6,570,511
Accumulated other comprehensive loss, net (54,563) (63,687)
Total stockholders' equity 10,325,707 12,065,430
Total liabilities and stockholders' equity $ 18,566,247 $ 16,790,383
The accompanying notes are an integral part of the consolidated financial statements.
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