Medtronic 2014 Annual Report Download - page 74
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Medtronic, Inc.
Consolidated Balance Sheets
April 25,
2014
April 26,
2013
(in millions, except per share data)
ASSETS
Current assets:
Cash and cash equivalents $ 1,403 $ 919
Investments 12,838 10,211
Accounts receivable, less allowances of $115 and $98, respectively 3,811 3,727
Inventories 1,725 1,712
Tax assets 736 539
Prepaid expenses and other current assets 697 744
Total current assets 21,210 17,852
Property, plant, and equipment, net 2,392 2,490
Goodwill 10,593 10,329
Other intangible assets, net 2,286 2,673
Long-term tax assets 300 232
Other assets 1,162 1,324
Total assets $ 37,943 $ 34,900
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term borrowings $ 1,613 $ 910
Accounts payable 742 681
Accrued compensation 1,015 1,011
Accrued income taxes 164 88
Deferred tax liabilities 19 16
Other accrued expenses 2,006 1,244
Total current liabilities 5,559 3,950
Long-term debt 10,315 9,741
Long-term accrued compensation and retirement benefits 662 752
Long-term accrued income taxes 1,343 1,168
Long-term deferred tax liabilities 386 340
Other long-term liabilities 235 278
Total liabilities 18,500 16,229
Commitments and contingencies (Notes 4, 15, and 18)
Shareholders’ equity:
Preferred stock— par value $1.00; 2.5 million shares authorized, none outstanding — —
Common stock— par value $0.10; 1.6 billion shares authorized, 998,999,125 and
1,016,014,005 shares issued and outstanding, respectively 100 102
Retained earnings 19,940 19,061
Accumulated other comprehensive loss (597) (492)
Total shareholders’ equity 19,443 18,671
Total liabilities and shareholders’ equity $ 37,943 $ 34,900
The accompanying notes are an integral part of these consolidated financial statements.
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