Symantec 2011 Annual Report Download - page 133

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SYMANTEC CORPORATION
CONSOLIDATED BALANCE SHEETS
April 1,
2011
April 2,
2010
(In millions, except
par value)
ASSETS
Current assets:
Cash and cash equivalents ................................................ $ 2,950 $ 3,029
Short-term investments . ................................................. 8 15
Trade accounts receivable, net . . ........................................... 1,013 856
Inventories ........................................................... 30 25
Deferred income taxes . . ................................................. 223 176
Other current assets ..................................................... 262 250
Total current assets . . ................................................. 4,486 4,351
Property and equipment, net ................................................ 1,050 949
Intangible assets, net ...................................................... 1,511 1,179
Goodwill . . ............................................................ 5,494 4,605
Investment in joint venture ................................................. 27 58
Other long-term assets..................................................... 151 90
Total assets . ...................................................... $12,719 $11,232
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ...................................................... $ 260 $ 214
Accrued compensation and benefits . . . ...................................... 443 349
Deferred revenue . ...................................................... 3,321 2,835
Current portion of long-term debt ........................................... 596 —
Income taxes payable. . . ................................................. 24 35
Other current liabilities . ................................................. 249 338
Total current liabilities ............................................... 4,893 3,771
Long-term debt .......................................................... 1,987 1,871
Long-term deferred revenue ................................................. 498 371
Long-term deferred tax liabilities . . ........................................... 296 195
Long-term income taxes payable . . ........................................... 361 426
Other long-term obligations ................................................. 79 50
Total liabilities . . ................................................. 8,114 6,684
Commitments and contingencies
Stockholders’ equity:
Symantec Corporation stockholders’ equity:
Common stock (par value: $0.01, 3,000 shares authorized; 972 and 1,182 shares issued at
April 1, 2011 and April 2, 2010; 758 and 798 shares outstanding at April 1, 2011 and
April 2, 2010) . ...................................................... 8 8
Additional paid-in capital ................................................. 8,361 8,990
Accumulated other comprehensive income . . . ................................. 171 159
Accumulated deficit..................................................... (4,012) (4,609)
Total Symantec Corporation stockholders’ equity . . . ........................... 4,528 4,548
Noncontrolling interest in subsidiary . . . ...................................... 77 —
Total stockholders’ equity ............................................... 4,605 4,548
Total liabilities and stockholders’ equity. . ................................. $12,719 $11,232
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.
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