Intel 1997 Annual Report Download - page 40

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Intel Corporation 1997
See accompanying notes.
Consolidated
balance sheets
December 27, 1997 and December 28, 1996
(In millions-except per share amounts) 1997 1996
------------------------------------------------------------------------------
Assets
Current assets:
Cash and cash equivalents $ 4,102 $ 4,165
Short-term investments 5,630 3,742
Trading assets 195 87
Accounts receivable, net of allowance for doubtful
accounts of $65 ($68 in 1996) 3,438 3,723
Inventories 1,697 1,293
Deferred tax assets 676 570
Other current assets 129 104
------- -------
Total current assets 15,867 13,684
------- -------
Property, plant and equipment:
Land and buildings 5,113 4,372
Machinery and equipment 10,577 8,729
Construction in progress 2,437 1,161
------- -------
18,127 14,262
Less accumulated depreciation 7,461 5,775
------- -------
Property, plant and equipment, net 10,666 8,487
------- -------
Long-term investments 1,839 1,353
Other assets 508 211
------- -------
Total assets $28,880 $23,735
======= =======
Liabilities and stockholders' equity
Current liabilities:
Short-term debt $ 212 $ 389
Long-term debt redeemable within one year 110 --
Accounts payable 1,407 969
Accrued compensation and benefits 1,268 1,128
Deferred income on shipments to distributors 516 474
Accrued advertising 500 410
Other accrued liabilities 842 507
Income taxes payable 1,165 986
------- -------
Total current liabilities 6,020 4,863
------- -------
Long-term debt 448 728
Deferred tax liabilities 1,076 997
Put warrants 2,041 275
Commitments and contingencies
Stockholders' equity:
Preferred Stock, $.001 par value,
50 shares authorized; none issued -- --
Common Stock, $.001 par value, 4,500 shares authorized;
1,628 issued and outstanding (1,642 in 1996) and
capital in excess of par value 3,311 2,897
Retained earnings 15,984 13,975
------- -------
Total stockholders' equity 19,295 16,872
------- -------
Total liabilities and stockholders' equity $28,880 $23,735
======= =======