Cisco 2010 Annual Report Download - page 41

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Consolidated Balance Sheets
(in millions, except par value)
July 31, 2010 July 25, 2009
ASSETS
Current assets:
Cash and cash equivalents $ 4,581 $ 5,718
Investments 35,280 29,283
Accounts receivable, net of allowance for doubtful accounts of $235 at July 31, 2010 and $216
at July 25, 2009 4,929 3,177
Inventories 1,327 1,074
Deferred tax assets 2,126 2,320
Other current assets 3,178 2,605
Total current assets 51,421 44,177
Property and equipment, net 3,941 4,043
Goodwill 16,674 12,925
Purchased intangible assets, net 3,274 1,702
Other assets 5,820 5,281
TOTAL ASSETS $ 81,130 $ 68,128
LIABILITIES AND EQUITY
Current liabilities:
Short-term debt $ 3,096 $—
Accounts payable 895 675
Income taxes payable 90 166
Accrued compensation 3,129 2,535
Deferred revenue 7,664 6,438
Other current liabilities 4,359 3,841
Total current liabilities 19,233 13,655
Long-term debt 12,188 10,295
Income taxes payable 1,353 2,007
Deferred revenue 3,419 2,955
Other long-term liabilities 652 539
Total liabilities 36,845 29,451
Commitments and contingencies (Note 11)
Equity:
Cisco shareholders’ equity:
Preferred stock, no par value: 5 shares authorized; none issued and outstanding ——
Common stock and additional paid-in capital, $0.001 par value: 20,000 shares authorized; 5,655 and
5,785 shares issued and outstanding at July 31, 2010 and July 25, 2009, respectively 37,793 34,344
Retained earnings 5,851 3,868
Accumulated other comprehensive income 623 435
Total Cisco shareholders’ equity 44,267 38,647
Noncontrolling interests 18 30
Total equity 44,285 38,677
TOTAL LIABILITIES AND EQUITY $ 81,130 $ 68,128
See Notes to Consolidated Financial Statements.
2010 Annual Report 39