Motorola 2007 Annual Report Download - page 85

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Motorola, Inc. and Subsidiaries
Consolidated Balance Sheets
(In millions, except per share amounts) 2007 2006
December 31
ASSETS
Cash and cash equivalents $ 2,752 $ 2,816
Sigma Fund 5,242 12,204
Short-term investments 612 620
Accounts receivable, net 5,324 7,509
Inventories, net 2,836 3,162
Deferred income taxes 1,891 1,731
Other current assets 3,565 2,933
Total current assets 22,222 30,975
Property, plant and equipment, net 2,480 2,267
Investments 837 895
Deferred income taxes 2,454 1,325
Goodwill 4,499 1,706
Other assets 2,320 1,425
Total assets $34,812 $38,593
LIABILITIES AND STOCKHOLDERS’ EQUITY
Notes payable and current portion of long-term debt $ 332 $ 1,693
Accounts payable 4,167 5,056
Accrued liabilities 8,001 8,676
Total current liabilities 12,500 15,425
Long-term debt 3,991 2,704
Other liabilities 2,874 3,322
Stockholders’ equity
Preferred stock, $100 par value ——
Common stock, $3 par value 6,792 7,197
Issued shares: 2007 — 2,264.0 and 2006 — 2,399.1
Outstanding shares: 2007 — 2,263.1 and 2006 — 2,397.4
Additional paid-in capital 782 2,509
Retained earnings 8,579 9,086
Non-owner changes to equity (706) (1,650)
Total stockholders’ equity 15,447 17,142
Total liabilities and stockholders’ equity $34,812 $38,593
See accompanying notes to consolidated financial statements.
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