Microsoft 2005 Annual Report Download - page 40

PAGE 39
BALANCE SHEETS
(In millions)
June 30 2004 2005
Assets
Current assets:
Cash and equivalents $14,304 $ 4,851
Short-
t
erm investments 46,288 32,900
Total cash and short-
t
erm investments 60,592 37,751
Accounts receivable, net 5,890 7,180
Inventories 421 491
Deferred income taxes 2,097 1,701
Other 1,566 1,614
Total current assets 70,566 48,737
Property and equipment, net 2,326 2,346
Equity and other investments 12,210 11,004
Goodwill 3,115 3,309
Intangible assets, ne
t
569 499
Deferred income taxes 3,808 3,621
Other lon
g
-
t
erm assets 1,774 1,299
Total assets $94,368 $ 70,815
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable $ 1,717 $ 2,086
Accrued compensation 1,339 1,662
Income taxes 3,478 2,020
Short-
t
erm unearned revenue 6,514 7,502
Other 1,921 3,607
Total current liabilities 14,969 16,877
Lon
g
-
t
erm unearned revenue 1,663 1,665
Other lon
g
-
t
erm liabilities 2,911 4,158
Commitments and contingencies
Stockholders’ equity:
Common stock and paid-in capital – shares authorized 24,000;
outstanding 10,862 and 10,710 56,396 60,413
Retained earnings (deficit), including accumulated other comprehensive
income of $1,119 and $1,426 18,429 (12,298)
Total stockholders’ equit
y
74,825 48,115
Total liabilities and stockholders’ equit
y
$94,368 $ 70,815
See accompanying notes.