HP 2010 Annual Report Download - page 82

HEWLETT-PACKARD COMPANY AND SUBSIDIARIES
Consolidated Balance Sheets
October 31
2010 2009
In millions, except
par value
ASSETS
Current assets:
Cash and cash equivalents ............................................ $10,929 $ 13,279
Short-term investments .............................................. 5 55
Accounts receivable ................................................ 18,481 16,537
Financing receivables ............................................... 2,986 2,675
Inventory ....................................................... 6,466 6,128
Other current assets ................................................ 15,317 13,865
Total current assets ............................................... 54,184 52,539
Property, plant and equipment .......................................... 11,763 11,262
Long-term financing receivables and other assets .............................. 12,225 11,289
Goodwill ......................................................... 38,483 33,109
Purchased intangible assets ............................................. 7,848 6,600
Total assets ....................................................... $124,503 $114,799
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Notes payable and short-term borrowings ................................. $ 7,046 $ 1,850
Accounts payable .................................................. 14,365 14,809
Employee compensation and benefits .................................... 4,256 4,071
Taxes on earnings .................................................. 802 910
Deferred revenue .................................................. 6,727 6,182
Accrued restructuring ............................................... 911 1,109
Other accrued liabilities ............................................. 15,296 14,072
Total current liabilities ............................................. 49,403 43,003
Long-term debt .................................................... 15,258 13,980
Other liabilities ..................................................... 19,061 17,052(1)
Commitments and contingencies
Stockholders’ equity:
HP stockholders’ equity
Preferred stock, $0.01 par value (300 shares authorized; none issued) .............. — —
Common stock, $0.01 par value (9,600 shares authorized; 2,204 and 2,365 shares issued
and outstanding, respectively) ........................................ 22 24
Additional paid-in capital ............................................ 11,569 13,804
Retained earnings ................................................. 32,695 29,936
Accumulated other comprehensive loss ................................... (3,837) (3,247)
Total HP stockholders’ equity ........................................ 40,449 40,517
Non-controlling interests .............................................. 332 247
(1)
Total stockholders’ equity .............................................. 40,781 40,764
Total liabilities and stockholders’ equity .................................... $124,503 $114,799
(1) Reflects the adoption of the accounting standard related to the presentation of non-controlling interests in
consolidated financial statements.
The accompanying notes are an integral part of these Consolidated Financial Statements.
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