Medtronic 2016 Annual Report Download - page 136
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Table of Contents
Medtronic plc
Notes to Consolidated Financial Statements (Continued)
133
Condensed Consolidating Balance Sheet
April 24, 2015
Medtronic Senior Notes
(in millions)
Parent
Company
Guarantor
(Medtronic
plc)
Subsidiary
Issuer
(Medtronic,
Inc.) Subsidiary
Guarantors
Subsidiary
Non-
guarantors Consolidating
Adjustments Total
ASSETS
Current assets:
Cash and cash equivalents $ 263 $ 1,071 $ 170 $ 3,339 $ — $ 4,843
Investments — — — 14,637 — 14,637
Accounts receivable, net — — — 5,112 — 5,112
Inventories — 165 — 3,497 (199) 3,463
Intercompany receivable 259 146,942 — 144,638 (291,839) —
Tax assets — 295 — 1,040 — 1,335
Prepaid expenses and other current assets 4 128 — 1,322 — 1,454
Total current assets 526 148,601 170 173,585 (292,038) 30,844
Property, plant and equipment, net — 976 — 3,723 — 4,699
Goodwill — — — 40,530 — 40,530
Other intangible assets, net — 39 — 28,062 — 28,101
Long-term tax assets — 294 — 480 — 774
Investment in subsidiaries 70,233 68,710 63,063 — (202,006) —
Intercompany loans receivable 3,000 6,516 10,000 10,218 (29,734) —
Other assets — 678 — 1,059 — 1,737
Total assets $ 73,759 $ 225,814 $ 73,233 $ 257,657 $ (523,778) $ 106,685
LIABILITIES AND SHAREHOLDERS’
EQUITY
Current liabilities:
Short-term borrowings $ — $ 1,110 $ — $ 1,324 $ — $ 2,434
Accounts payable — 261 — 1,349 — 1,610
Intercompany payable 20,506 135,660 — 135,673 (291,839) —
Accrued compensation 1 490 — 1,120 — 1,611
Accrued income taxes 19 — — 916 — 935
Deferred tax liabilities 3 — — 116 — 119
Other accrued expenses — 628 — 1,836 — 2,464
Total current liabilities 20,529 138,149 — 142,334 (291,839) 9,173
Long-term debt — 29,004 — 4,748 — 33,752
Long-term accrued compensation and
retirement benefits — 965 — 570 — 1,535
Long-term accrued income taxes — 1,048 — 1,428 — 2,476
Long-term intercompany loans payable — 10,218 10,000 9,516 (29,734) —
Long-term deferred tax liabilities — — — 4,700 — 4,700
Other long-term liabilities — 207 — 1,612 — 1,819
Total liabilities 20,529 179,591 10,000 164,908 (321,573) 53,455
Shareholders’ equity 53,230 46,223 63,233 92,749 (202,205) 53,230
Total liabilities and
shareholders’ equity $ 73,759 $ 225,814 $ 73,233 $ 257,657 $ (523,778) $ 106,685