Microsoft 2010 Annual Report Download - page 37

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36
BALANCE SHEETS
(In millions)
June 30, 2010 2009
Assets
Current assets:
Cash and cash equivalents $ 5,505 $ 6,076
Short-term investments (including securities loaned of $62 and $1,540) 31,283 25,371
Total cash, cash equivalents, and short-term investments 36,788 31,447
Accounts receivable, net of allowance for doubtful accounts of $375 and $451 13,014 11,192
Inventories 740 717
Deferred income taxes 2,184 2,213
Other 2,950 3,711
Total current assets 55,676 49,280
Property and equipment, net of accumulated depreciation of $8,629 and $7,547 7,630 7,535
Equity and other investments 7,754 4,933
Goodwill 12,394 12,503
Intangible assets, net 1,158 1,759
Deferred income taxes 0 279
Other long-term assets 1,501 1,599
Total assets $ 86,113 $ 77,888
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable $ 4,025 $ 3,324
Short-term debt 1,000 2,000
Accrued compensation 3,283 3,156
Income taxes 1,074 725
Short-term unearned revenue 13,652 13,003
Securities lending payable 182 1,684
Other 2,931 3,142
Total current liabilities 26,147 27,034
Long-term debt 4,939 3,746
Long-term unearned revenue 1,178 1,281
Deferred income taxes 229 0
Other long-term liabilities 7,445 6,269
Commitments and contingencies
Stockholders’ equity:
Common stock and paid-in capital – shares authorized 24,000; outstanding 8,668 and
8,908 62,856 62,382
Retained deficit, including accumulated other comprehensive income of $1,055 and
$969 (16,681) (22,824)
Total stockholders’ equity 46,175 39,558
Total liabilities and stockholders’ equity $ 86,113 $ 77,888
See accompanying notes.