EMC 2004 Annual Report Download - page 50
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Table of Contents
EMC CORPORATION
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
December 31,
2004 2003
ASSETS
Current assets:
Cash and cash equivalents $ 1,476,803 $ 1,752,976
Short-term investments 1,236,726 1,044,698
Accounts and notes receivable, less allowance for doubtful accounts of $39,901 and $39,482 1,162,387 952,421
Inventories 514,065 514,015
Deferred income taxes 289,810 271,746
Other current assets 151,135 151,448
Total current assets 4,830,926 4,687,304
Long-term investments 4,727,237 4,109,911
Property, plant and equipment, net 1,571,810 1,610,182
Intangible assets, net 499,478 475,295
Other assets, net 509,041 426,472
Goodwill, net 3,284,414 2,711,677
Deferred income taxes – 72,019
Total assets $ 15,422,906 $ 14,092,860
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Notes payable and current portion of long-term obligations $ 183 $ 7,104
Accounts payable 522,587 414,251
Accrued expenses 1,090,666 1,009,696
Income taxes payable 404,772 436,434
Deferred revenue 930,492 679,044
Total current liabilities 2,948,700 2,546,529
Long-term convertible debt 128,456 129,966
Deferred revenue 570,995 451,296
Deferred income taxes 141,600 –
Other liabilities 109,868 80,348
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 2,404,969 and 2,476,821 shares 24,050 24,768
Additional paid-in capital 6,221,099 6,894,823
Deferred compensation (124,286) (94,068)
Retained earnings 5,437,346 4,566,157
Accumulated other comprehensive income (loss), net (34,922) 2,197
Treasury stock, at cost; 62,082 shares at December 31, 2003 – (509,156)
Total stockholders' equity 11,523,287 10,884,721
Total liabilities and stockholders' equity $ 15,422,906 $ 14,092,860
The accompanying notes are an integral part of the consolidated financial statements.
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