Motorola 2004 Annual Report Download - page 94
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86 CONSOLIDATED FINANCIAL STATEMENTS
Motorola, Inc. and Subsidiaries
Consolidated Balance Sheets
December 31
(In millions, except per share amounts)
2004
2003
ASSETS
Current assets
Cash and cash equivalents $10,556 $ 7,790
Short-term investments 152 139
Accounts receivable, net 4,492 3,822
Inventories, net 2,546 2,099
Deferred income taxes 1,541 1,364
Other current assets 1,795 955
Current assets from discontinued operations Ì1,687
Total current assets 21,082 17,856
Property, plant and equipment, net 2,332 2,473
Investments 3,241 3,302
Deferred income taxes 2,353 2,773
Other assets 1,881 2,085
Non-current assets from discontinued operations Ì3,557
Total assets $30,889 $32,046
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities
Notes payable and current portion of long-term debt $ 717 $ 869
Accounts payable 3,330 2,458
Accrued liabilities 6,526 5,314
Current liabilities from discontinued operations Ì740
Total current liabilities 10,573 9,381
Long-term debt 4,578 6,673
Other liabilities 2,407 2,582
Non-current liabilities from discontinued operations Ì235
Company-obligated mandatorily redeemable preferred securities of subsidiary trust holding
solely company-guaranteed debentures Ì486
Stockholders' equity
Preferred stock, $100 par value
Authorized shares: 0.5 (none issued) ÌÌ
Common stock, $3 par value
Authorized shares: 2004Ì4,200.0 and 2003Ì4,200.0
Issued and outstanding: 2004Ì2,447.8; 2003Ì2,338.7 7,343 7,017
Additional paid-in capital 4,321 2,362
Retained earnings 1,722 3,103
Non-owner changes to equity (55) 207
Total stockholders' equity 13,331 12,689
Total liabilities and stockholders' equity $30,889 $32,046
See accompanying notes to consolidated Ñnancial statements.