EMC 2005 Annual Report Download - page 43

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Table of Contents
EMC CORPORATION
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
December 31,
ASSETS
2005
2004
Current assets:
Cash and cash equivalents $ 2,322,370 $ 1,476,803
Short-term investments 1,615,495 1,236,726
Accounts and notes receivable, less allowance for doubtful accounts of $38,126
and $39,901 1,405,564 1,162,387
Inventories 724,751 514,065
Deferred income taxes 326,318 289,810
Other current assets 179,478 151,135
Total current assets 6,573,976 4,830,926
Long-term investments 3,417,589 4,727,237
Property, plant and equipment, net 1,754,035 1,571,810
Intangible assets, net 563,024 499,478
Other assets, net 598,252 509,041
Goodwill, net 3,883,507 3,284,414
Total assets $ 16,790,383 $ 15,422,906
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 583,756 $ 522,770
Accrued expenses 1,279,857 1,090,666
Income taxes payable 645,694 404,772
Deferred revenue 1,164,551 930,492
Total current liabilities 3,673,858 2,948,700
Long-term convertible debt 126,963 128,456
Deferred revenue 640,598 570,995
Deferred income taxes 175,192 141,600
Other liabilities 108,342 109,868
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
2,384,147 and 2,404,969 shares 23,841 24,050
Additional paid-in capital 5,867,076 6,221,099
Deferred compensation (332,311) (124,286)
Retained earnings 6,570,511 5,437,346
Accumulated other comprehensive loss, net (63,687) (34,922)
Total stockholders' equity 12,065,430 11,523,287
Total liabilities and stockholders' equity $ 16,790,383 $ 15,422,906
The accompanying notes are an integral part of the consolidated financial statements.
37