EMC 2008 Annual Report Download - page 52

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Table of Contents
EMC CORPORATION
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
December 31,
ASSETS
2008 2007
Current assets:
Cash and cash equivalents $ 5,843,685 $ 4,482,211
Short-term investments 963,292 1,644,703
Accounts and notes receivable, less allowance for doubtful accounts of $48,080 and $34,389 2,252,640 2,307,512
Inventories 842,803 877,243
Deferred income taxes 477,101 475,544
Other current assets 285,508 265,889
Total current assets 10,665,029 10,053,102
Long-term investments 2,370,493 1,825,572
Property, plant and equipment, net 2,223,007 2,159,396
Intangible assets, net 795,616 940,077
Other assets, net 773,631 775,001
Goodwill 7,046,799 6,531,506
Total assets $23,874,575 $22,284,654
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 757,405 $ 840,886
Accrued expenses 1,901,884 1,696,309
Securities lending payable 412,321 —
Income taxes payable 136,802 146,104
Deferred revenue 2,010,024 1,724,909
Total current liabilities 5,218,436 4,408,208
Income taxes payable 255,182 246,951
Deferred revenue 1,182,360 1,053,394
Deferred income taxes 218,210 288,175
Long-term convertible debt 3,450,000 3,450,000
Other liabilities 180,917 127,621
Total liabilities 10,505,105 9,574,349
Minority interest in VMware 327,507 188,988
Commitments and contingencies (See Note M)
Stockholders' equity:
Preferred stock, par value $0.01; authorized 25,000 shares; none outstanding — —
Common stock, par value $0.01; authorized 6,000,000 shares; issued and outstanding 2,012,938 and 2,102,187 shares 20,129 21,022
Additional paid-in capital 2,385,930 3,038,455
Retained earnings 10,815,856 9,470,289
Accumulated other comprehensive loss, net (179,952) (8,449)
Total stockholders' equity 13,041,963 12,521,317
Total liabilities and stockholders' equity $23,874,575 $22,284,654
The accompanying notes are an integral part of the consolidated financial statements.
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