HP 2007 Annual Report Download - page 90

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Consolidated Balance Sheets
October 31
2007 2006
In millions, except
par value
ASSETS
Current assets:
Cash and cash equivalents .................................................................................................................... $11,293 $16,400
Short-term investments ......................................................................................................................... 152 22
Accounts receivable.............................................................................................................................. 13,420 10,873
Financing receivables............................................................................................................................ 2,507 2,440
Inventory............................................................................................................................................... 8,033 7,750
Other current assets............................................................................................................................... 11,997 10,779
Total current assets............................................................................................................................. 47,402 48,264
Property, plant and equipment ................................................................................................................. 7,798 6,863
Long-term financing receivables and other assets ................................................................................... 7,647 6,649
Goodwill .................................................................................................................................................. 21,773 16,853
Purchased intangible assets...................................................................................................................... 4,079 3,352
Total assets .............................................................................................................................................. $88,699 $81,981
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Notes payable and short-term borrowings ............................................................................................ $3,186 $2,705
Accounts payable.................................................................................................................................. 11,787 12,102
Employee compensation and benefits................................................................................................... 3,465 3,148
Taxes on earnings ................................................................................................................................. 1,891 1,905
Deferred revenue................................................................................................................................... 5,025 4,309
Accrued restructuring............................................................................................................................ 123 547
Other accrued liabilities ........................................................................................................................ 13,783 11,134
Total current liabilities ....................................................................................................................... 39,260 35,850
Long-term debt ........................................................................................................................................ 4,997 2,490
Other liabilities ........................................................................................................................................ 5,916 5,497
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; 2,580 and 2,732 shares issued and
outstanding, respectively) ..................................................................................................................
26 27
Additional paid-in capital ..................................................................................................................... 16,381 17,966
Prepaid stock repurchase....................................................................................................................... — (596)
Retained earnings.................................................................................................................................. 21,560 20,729
Accumulated other comprehensive income .......................................................................................... 559 18
Total stockholders’ equity.................................................................................................................. 38,526 38,144
Total liabilities and stockholders’ equity................................................................................................. $88,699 $81,981
The accompanying notes are an integral part of these Consolidated Financial Statements.
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