Western Digital 2012 Annual Report Download - page 59

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WESTERN DIGITAL CORPORATION
CONSOLIDATED BALANCE SHEETS
(in millions, except par value)
June 29,
2012
July 1,
2011
ASSETS
Current assets:
Cash and cash equivalents .................................................... $ 3,208 $3,490
Accounts receivable, net ..................................................... 2,364 1,206
Inventories ............................................................... 1,210 577
Other current assets ........................................................ 359 214
Total current assets ....................................................... 7,141 5,487
Property, plant and equipment, net .............................................. 4,067 2,224
Goodwill .................................................................. 1,975 151
Other intangible assets, net ..................................................... 799 71
Other non-current assets ....................................................... 224 185
Total assets ............................................................. $14,206 $8,118
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable .......................................................... $ 2,773 $1,545
Accrued expenses .......................................................... 858 349
Accrued warranty .......................................................... 171 132
Current portion of long-term debt ............................................. 230 144
Total current liabilities .................................................... 4,032 2,170
Long-term debt .............................................................. 1,955 150
Other liabilities ............................................................. 550 310
Total liabilities .......................................................... 6,537 2,630
Commitments and contingencies (Notes 4 and 5)
Shareholders’ equity:
Preferred stock, $.01 par value; authorized — 5 shares; issued and outstanding — none ..... — —
Common stock, $.01 par value; authorized — 450 shares; issued and outstanding — 246 and
233 shares, respectively .................................................... 3 2
Additional paid-in capital .................................................... 2,223 1,091
Accumulated other comprehensive loss .......................................... (15) (5)
Retained earnings .......................................................... 6,012 4,400
Treasury stock — common shares at cost; 15 shares and none, respectively ............... (554) —
Total shareholders’ equity .................................................. 7,669 5,488
Total liabilities and shareholders’ equity ....................................... $14,206 $8,118
The accompanying notes are an integral part of these consolidated financial statements.
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