HP 2006 Annual Report Download - page 79
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Consolidated Balance Sheets
October 31
2006 2005
In millions, except
par value
ASSETS
Current assets:
Cash and cash equivalents ........................................ $16,400 $13,911
Short-term investments .......................................... 22 18
Accounts receivable ............................................. 10,873 9,903
Financing receivables ............................................ 2,440 2,551
Inventory .................................................... 7,750 6,877
Other current assets ............................................. 10,779 10,074
Total current assets ............................................ 48,264 43,334
Property, plant and equipment ....................................... 6,863 6,451
Long-term financing receivables and other assets ......................... 6,649 7,502
Goodwill ...................................................... 16,853 16,441
Purchased intangible assets ......................................... 3,352 3,589
Total assets ..................................................... $81,981 $77,317
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Notes payable and short-term borrowings ............................. $ 2,705 $ 1,831
Accounts payable ............................................... 12,102 10,223
Employee compensation and benefits ................................ 3,148 2,343
Taxes on earnings .............................................. 1,905 2,367
Deferred revenue .............................................. 4,309 3,815
Accrued restructuring ............................................ 547 1,119
Other accrued liabilities .......................................... 11,134 9,762
Total current liabilities ......................................... 35,850 31,460
Long-term debt .................................................. 2,490 3,392
Other liabilities .................................................. 5,497 5,289
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value (300 shares authorized; none issued) ......... — —
Common stock, $0.01 par value (9,600 shares authorized; 2,732 and 2,837 shares
issued and outstanding, respectively) ............................... 27 28
Additional paid-in capital ......................................... 17,966 20,490
Prepaid stock repurchase ......................................... (596) —
Retained earnings .............................................. 20,729 16,679
Accumulated other comprehensive income (loss) ........................ 18 (21)
Total stockholders’ equity ....................................... 38,144 37,176
Total liabilities and stockholders’ equity ................................ $81,981 $77,317
The accompanying notes are an integral part of these Consolidated Financial Statements.
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