EMC 2002 Annual Report Download - page 42

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Table of Contents
EMC CORPORATION
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
December 31,
2002 2001
ASSETS
Current assets:
Cash and cash equivalents $1,686,598 $2,129,019
Short-term investments 864,743 445,428
Accounts and notes receivable, less allowance for doubtful accounts of $50,551 and $36,169 881,325 1,348,569
Inventories 437,805 583,985
Deferred income taxes 250,197 287,597
Other current assets 96,580 128,644
Total current assets 4,217,248 4,923,242
Long-term investments 3,134,290 2,509,112
Property, plant and equipment, net 1,624,396 1,827,331
Intangible and other assets, net 365,557 394,754
Goodwill, net 205,030 188,356
Deferred income taxes 43,926 46,840
Total assets $9,590,447 $9,889,635
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Notes payable and current portion of long-term obligations $ 27,507 $ 56,677
Accounts payable 429,732 424,132
Accrued expenses 948,357 1,024,211
Income taxes payable 187,695 315,368
Deferred revenue 448,359 359,026
Total current liabilities 2,041,650 2,179,414
Deferred revenue 156,412 10,237
Other liabilities 166,383 99,164
Commitments and contingencies
Stockholders' equity:
Series preferred stock, par value $.01; authorized 25,000 shares; none
outstanding — —
Common stock, par value $.01; authorized 6,000,000 shares; issued 2,235,930 and 2,221,442 shares 22,359 22,214
Additional paid-in capital 3,580,025 3,470,325
Deferred compensation (10,762) (29,209)
Retained earnings 4,070,049 4,188,755
Accumulated other comprehensive loss, net (53,488) (33,007)
Treasury stock, at cost; 50,555 and 1,060 shares (382,181) (18,258)
Total stockholders' equity 7,226,002 7,600,820
Total liabilities and stockholders' equity $9,590,447 $9,889,635
The accompanying notes are an integral part of the consolidated financial statements.
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