Qualcomm 1999 Annual Report Download - page 46

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42
(In thousands, except per share data) QUALCOMM Incorporated
CONSOLIDATED BALANCE SHEETS
September 30
1999 1998
ASSETS
Current Assets:
Cash and cash equivalents $ 660,016 $ 175,846
Investments 954,415 127,478
Accounts receivable, net 883,640 612,209
Finance receivables 26,377 56,201
Inventories, net 257,941 386,536
Other current assets 195,849 178,950
Total current assets 2,978,238 1,537,220
Property, plant and equipment, net 555,991 609,682
Investments 70,495 —
Finance receivables, net 548,482 287,751
Other assets 381,744 132,060
Total assets $ 4,534,950 $ 2,566,713
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable and accrued liabilities $ 705,208 $ 660,428
Unearned revenue 56,070 67,123
Bank lines of credit 112,000 151,000
Current portion of long-term debt 3,099 3,058
Total current liabilities 876,377 881,609
Long-term debt 795 3,863
Other liabilities 74,872 25,115
Total liabilities 952,044 910,587
Commitments and contingencies (Note 14)
Minority interest in consolidated subsidiaries (Note 11) 51,596 38,530
Company-obligated mandatorily redeemable Trust Convertible Preferred
Securities of a subsidiary trust holding solely debt securities of the Company 659,555 660,000
Stockholders’ Equity:
Preferred stock, $0.0001 par value; issuable in series; 8,000
shares authorized; none outstanding at September 30, 1999 and 1998 — —
Common stock, $0.0001 par value; 300,000 shares authorized; 161,591
and 141,181 shares issued and outstanding at September 30, 1999 and 1998 (Note 16) 16 14
Paid-in capital 2,587,948 959,260
Retained earnings 200,879 —
Accumulated other comprehensive income (loss) 82,912 (1,678)
Total stockholders’ equity 2,871,755 957,596
Total liabilities and stockholders’ equity $ 4,534,950 $ 2,566,713
See accompanying notes.