EMC 2011 Annual Report Download - page 47
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Table of Contents
EMC CORPORATION
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts)
December 31,
2011 2010
ASSETS
Current assets:
Cash and cash equivalents $ 4,531,036 $ 4,119,138
Short-term investments 1,786,987 1,256,175
Accounts and notes receivable, less allowance for doubtful accounts of $61,804 and $57,385 2,937,499 2,569,523
Inventories 1,009,968 856,405
Deferred income taxes 733,308 609,832
Other current assets 583,885 372,249
Total current assets 11,582,683 9,783,322
Long-term investments 4,525,106 4,170,742
Property, plant and equipment, net 2,833,149 2,528,432
Intangible assets, net 1,766,115 1,624,267
Goodwill 12,154,970 11,772,650
Other assets, net 1,406,156 953,871
Total assets $ 34,268,179 $ 30,833,284
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 1,101,659 $ 1,062,600
Accrued expenses 2,354,979 2,090,035
Notes converted and payable (See Note E) 1,699,832 —
Income taxes payable 155,909 199,735
Convertible debt (See Note E) 1,605,142 3,214,771
Deferred revenue 3,458,689 2,810,873
Total current liabilities 10,376,210 9,378,014
Income taxes payable 238,851 265,549
Deferred revenue 2,715,361 1,853,263
Deferred income taxes 603,398 717,004
Other liabilities 287,912 217,449
Total liabilities 14,221,732 12,431,279
Convertible debt (See Note E) 119,325 235,229
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 2,048,890 and 2,069,246 shares 20,489 20,692
Additional paid-in capital 3,052,932 3,816,681
Retained earnings 16,120,621 13,659,284
Accumulated other comprehensive loss, net (235,009) (92,617)
Total EMC Corporation's shareholders' equity 18,959,033 17,404,040
Non-controlling interest in VMware, Inc. 968,089 762,736
Total shareholders' equity 19,927,122 18,166,776
Total liabilities and shareholders' equity $ 34,268,179 $ 30,833,284
The accompanying notes are an integral part of the consolidated financial statements.
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