HP 2008 Annual Report Download - page 88
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HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Consolidated Balance Sheets
October 31
2008 2007
In millions, except
par value
ASSETS
Current assets:
Cash and cash equivalents ....................................... $ 10,153 $11,293
Short-term investments .......................................... 93 152
Accounts receivable ............................................ 16,928 13,420
Financing receivables ........................................... 2,314 2,507
Inventory .................................................... 7,879 8,033
Other current assets ............................................ 14,361 11,997
Total current assets ........................................... 51,728 47,402
Property, plant and equipment ...................................... 10,838 7,798
Long-term financing receivables and other assets ......................... 10,468 7,647
Goodwill ...................................................... 32,335 21,773
Purchased intangible assets ........................................ 7,962 4,079
Total assets .................................................... $113,331 $88,699
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Notes payable and short-term borrowings ............................ $ 10,176 $ 3,186
Accounts payable .............................................. 14,138 11,787
Employee compensation and benefits ............................... 4,159 3,465
Taxes on earnings .............................................. 869 1,891
Deferred revenue .............................................. 6,287 5,025
Accrued restructuring ........................................... 1,099 123
Other accrued liabilities ......................................... 16,211 13,783
Total current liabilities ........................................ 52,939 39,260
Long-term debt ................................................. 7,676 4,997
Other liabilities ................................................. 13,774 5,916
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; 2,415 and 2,580 shares
issued and outstanding, respectively) .............................. 24 26
Additional paid-in capital ........................................ 14,012 16,381
Retained earnings ............................................. 24,971 21,560
Accumulated other comprehensive (loss) income ....................... (65) 559
Total stockholders’ equity ...................................... 38,942 38,526
Total liabilities and stockholders’ equity ............................... $113,331 $88,699
The accompanying notes are an integral part of these Consolidated Financial Statements.
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