Medtronic 2015 Annual Report Download - page 79
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Medtronic plc
Consolidated Balance Sheets
April 24,
2015
April 25,
2014
(in millions, except per share data)
ASSETS
Current assets:
Cash and cash equivalents $ 4,843 $ 1,403
Investments 14,637 12,838
Accounts receivable, less allowances of $144 and $115, respectively 5,112 3,811
Inventories 3,463 1,725
Tax assets 1,335 736
Prepaid expenses and other current assets 1,454 697
Total current assets 30,844 21,210
Property, plant, and equipment, net 4,699 2,392
Goodwill 40,530 10,593
Other intangible assets, net 28,101 2,286
Long-term tax assets 774 300
Other assets 1,737 1,162
Total assets $ 106,685 $ 37,943
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term borrowings $ 2,434 $ 1,613
Accounts payable 1,610 742
Accrued compensation 1,611 1,015
Accrued income taxes 935 164
Deferred tax liabilities 119 19
Other accrued expenses 2,464 2,006
Total current liabilities 9,173 5,559
Long-term debt 33,752 10,315
Long-term accrued compensation and retirement benefits 1,535 662
Long-term accrued income taxes 2,476 1,343
Long-term deferred tax liabilities 4,700 386
Other long-term liabilities 1,819 235
Total liabilities 53,455 18,500
Commitments and contingencies (Notes 2, 14, and 16)
Shareholders’ equity:
Ordinary shares — par value $0.0001, $0.10; 2.6 billion, 1.6 billion shares authorized,
1,421,648,005 and 998,999,125 shares issued and outstanding, respectively — 100
Retained earnings 54,414 19,940
Accumulated other comprehensive loss (1,184) (597)
Total shareholders’ equity 53,230 19,443
Total liabilities and shareholders’ equity $ 106,685 $ 37,943
The accompanying notes are an integral part of these consolidated financial statements.
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