Motorola 1999 Annual Report Download - page 24
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CONSOLIDATED
BALANCE SHEETS (In millions, except per share amounts)
December 31
1999 1998
Assets
Current assets
Cash and cash equivalents $÷3,345 $÷1,453
Short-term investments 699 171
Accounts receivable, net 5,125 5,057
Inventories 3,422 3,745
Deferred income taxes 3,162 2,362
Other current assets 750 743
Total current assets 16,503 13,531
Property, plant and equipment, net 9,246 10,049
Other assets 11,578 5,148
Total assets $37,327 $28,728
Liabilities and Stockholders’ Equity
Current liabilities
Notes payable and current portion of long-term debt $÷2,504 $÷2,909
Accounts payable 3,015 2,305
Accrued liabilities 6,897 6,226
Total current liabilities 12,416 11,440
Long-term debt 3,089 2,633
Deferred income taxes 3,481 1,188
Other liabilities 1,513 1,245
Company-obligated mandatorily redeemable
preferred securities of subsidiary trust holding
solely company-guaranteed debentures 484 –
Stockholders’ equity
Preferred stock, $100 par value issuable in series
Authorized shares: 0.5 (none issued) ––
Common stock, $3 par value
Authorized shares: 1999 and 1998, 1,400
Issued and outstanding: 1999, 612.8; 1998, 601.1 1,838 1,804
Additional paid-in capital 2,572 1,894
Retained earnings 8,780 8,254
Non-owner changes to equity 3,154 270
Total stockholders’ equity 16,344 12,222
Total liabilities and stockholders’ equity $37,327 $28,728
See accompanying condensed notes to consolidated financial statements.
23 MOTOROLA, INC. AND SUBSIDIARIES