Microsoft 2015 Annual Report Download - page 44

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43
BALANCE SHEETS
(In millions)
June 30, 2015 2014
Assets
Current assets:
Cash and cash equivalents $ 5,595 $8,669
Short-term investments (including securities loaned of $75 and $541) 90,931 77,040
Total cash, cash equivalents, and short-term investments 96,526 85,709
Accounts receivable, net of allowance for doubtful accounts of $335 and $301 17,908 19,544
Inventories 2,902 2,660
Deferred income taxes 1,915 1,941
Other 5,461 4,392
Total current assets 124,712 114,246
Property and equipment, net of accumulated depreciation of $17,606 and $14,793 14,731 13,011
Equity and other investments 12,053 14,597
Goodwill 16,939 20,127
Intangible assets, net 4,835 6,981
Other long-term assets 2,953 3,422
Total assets $ 176,223 $ 172,384
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable $ 6,591 $7,432
Short-term debt 4,985 2,000
Current portion of long-term debt 2,499 0
Accrued compensation 5,096 4,797
Income taxes 606 782
Short-term unearned revenue 23,223 23,150
Securities lending payable 92 558
Other 6,766 6,906
Total current liabilities 49,858 45,625
Long-term debt 27,808 20,645
Long-term unearned revenue 2,095 2,008
Deferred income taxes 2,835 2,728
Other long-term liabilities 13,544 11,594
Total liabilities 96,140 82,600
Commitments and contingencies
Stockholders’ equity:
Common stock and paid-in capital – shares authorized 24,000; outstanding 8,027 and
8,239 68,465 68,366
Retained earnings 9,096 17,710
Accumulated other comprehensive income 2,522 3,708
Total stockholders’ equity 80,083 89,784
Total liabilities and stockholders’ equity $ 176,223 $172,384
See accompanying notes.