Motorola 2000 Annual Report Download - page 24

22 MOTOROLA, INC. AND SUBSIDIARIES See accompanying condensed notes to consolidated financial statements.
Assets
Current assets
Cash and cash equivalents $÷3,301 $÷3,537
Short-term investments 354 699
Accounts receivable, net 7,092 5,627
Inventories, net 5,242 3,707
Deferred income taxes 2,294 3,247
Other current assets 1,602 768
Total current assets 19,885 17,585
Property, plant and equipment, net 11,157 9,591
Investments 5,926 9,039
Other assets 5,375 4,274
Total assets $42,343 $40,489
Liabilities and stockholders’ equity
Current liabilities
Notes payable and current portion of long-term debt $÷6,391 $÷2,504
Accounts payable 3,492 3,285
Accrued liabilities 6,374 7,117
Total current liabilities 16,257 12,906
Long-term debt 4,293 3,089
Deferred income taxes 1,504 3,719
Other liabilities 1,192 1,598
Company-obligated mandatorily redeemable
preferred securities of subsidiary trust holding
solely company-guaranteed debentures 485 484
Stockholders’ equity
Preferred stock, $100 par value issuable in series
Authorized shares: 0.5 (none issued) ––
Common stock, $3 par value
Authorized shares: 2000 and 1999, 4,200
Issued and outstanding: 2000 – 2,191.2; 1999 – 2,139.3 6,574 6,418
Additional paid-in capital 1,188 –
Retained earnings 9,727 8,757
Non-owner changes to equity 1,123 3,518
Total stockholders’ equity 18,612 18,693
Total liabilities and stockholders’ equity $42,343 $40,489
In millions, except per share amounts December 31, 2000 1999
Consolidated balance sheets