Intel 1999 Annual Report Download - page 30

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Consolidated balance sheets
December 25, 1999 and December 26, 1998
(In millions--except per share amounts)
See accompanying notes.
Page 15
1999 1998
-------- --------
Assets
Current assets:
Cash and cash equivalents $ 3,695 $ 2,038
Short-term investments 7,705 5,272
Trading assets 388 316
Accounts receivable, net of allowance for
doubtful accounts of $67 ($62 in 1998) 3,700 3,527
Inventories 1,478 1,582
Deferred tax assets 673 618
Other current assets 180 122
------- --------
Total current assets 17,819 13,475
------- --------
Property, plant and equipment:
Land and buildings 7,246 6,297
Machinery and equipment 14,851 13,149
Construction in progress 1,460 1,622
------- -------
23,557 21,068
Less accumulated depreciation 11,842 9,459
------- -------
Property, plant and equipment, net 11,715 11,609
------- -------
Marketable strategic equity securities 7,121 1,757
Other long-term investments 790 3,608
Goodwill and other acquisition-related intangibles 4,934 111
Other assets 1,470 911
------- -------
Total assets $43,849 $31,471
======= =======
Liabilities and stockholders' equity
Current liabilities:
Short-term debt $ 230 $ 159
Accounts payable 1,370 1,244
Accrued compensation and benefits 1,454 1,285
Deferred income on shipments to distributors 609 606
Accrued advertising 582 458
Other accrued liabilities 1,159 1,094
Income taxes payable 1,695 958
------- -------
Total current liabilities 7,099 5,804
------- -------
Long-term debt 955 702
Deferred tax liabilities 3,130 1,387
Put warrants 130 201
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.001 par value, 50 shares
authorized; none issued -- --
Common stock, $0.001 par value, 4,500 shares
authorized; 3,334 issued and outstanding (3,315
in 1998) and capital in excess of par value 7,316 4,822
Retained earnings 21,428 17,952
Accumulated other comprehensive income 3,791 603
------- -------
Total stockholders' equity 32,535 23,377
------- -------
Total liabilities and stockholders' equity $43,849 $31,471
======= =======