EMC 2009 Annual Report Download - page 44

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Table of Contents
EMC CORPORATION
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
December 31,
ASSETS 2009 2008
(As Adjusted)
Current assets:
Cash and cash equivalents $ 6,302,499 $ 5,843,685
Short-term investments 392,839 963,292
Accounts and notes receivable, less allowance for doubtful accounts of $47,414 and $48,080 2,108,575 2,252,640
Inventories 886,289 842,803
Deferred income taxes 564,174 477,101
Other current assets 283,926 285,508
Total current assets 10,538,302 10,665,029
Long-term investments 2,692,323 2,370,493
Property, plant and equipment, net 2,224,346 2,223,007
Intangible assets, net 1,185,632 795,616
Goodwill 9,210,376 7,046,799
Other assets, net 961,024 773,631
Total assets $ 26,812,003 $ 23,874,575
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 899,298 $ 757,405
Accrued expenses 1,944,210 1,901,884
Securities lending payable — 412,321
Income taxes payable 41,691 136,802
Deferred revenue 2,262,968 2,010,024
Total current liabilities 5,148,167 5,218,436
Income taxes payable 235,976 255,182
Deferred revenue 1,373,798 1,182,360
Deferred income taxes 708,378 389,787
Long-term convertible debt 3,100,290 2,991,943
Other liabilities 184,920 180,917
Total liabilities 10,751,529 10,218,625
Commitments and contingencies (See Note N)
Shareholders' 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 2,052,441 and 2,012,938 shares 20,524 20,129
Additional paid-in capital 3,875,791 2,817,054
Retained earnings 11,759,289 10,671,212
Accumulated other comprehensive loss, net (105,722) (179,952)
Total EMC Corporation's shareholders' equity 15,549,882 13,328,443
Non-controlling interest in VMware, Inc. 510,592 327,507
Total shareholders' equity 16,060,474 13,655,950
Total liabilities and shareholders' equity $ 26,812,003 $ 23,874,575
The accompanying notes are an integral part of the consolidated financial statements.
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