Medtronic 2010 Annual Report Download - page 53
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49
Medtronic, Inc.
Consolidated Balance Sheets
(in millions, except per share data)
April 30,
2010
April 24,
2009
Assets
Current assets:
Cash and cash equivalents $ 1,400 $ 1,271
Short-term investments 2,375 405
Accounts receivable, less allowances of $67 and $61, respectively 3,335 3,123
Inventories 1,481 1,426
Deferred tax assets, net 544 605
Prepaid expenses and other current assets 704 622
Total current assets 9,839 7,452
Property, plant and equipment, net 2,421 2,279
Goodwill 8,391 8,195
Other intangible assets, net 2,559 2,477
Long-term investments 4,632 2,769
Other assets 248 416
Total assets $28,090 $23,588
Liabilities and Shareholders’ Equity
Current liabilities:
Short-term borrowings $ 2,575 $ 522
Accounts payable 420 382
Accrued compensation 1,001 901
Accrued income taxes 235 130
Other accrued expenses 890 1,212
Total current liabilities 5,121 3,147
Long-term debt 6,944 6,253
Long-term accrued compensation and retirement benefits 516 329
Long-term accrued income taxes 595 475
Long-term deferred tax liabilities, net 89 115
Other long-term liabilities 196 87
Total liabilities 13,461 10,406
Commitments and contingencies (Notes 5, 16 and 17) ——
Shareholders’ equity:
Preferred stock—par value $1.00; 2.5 million shares authorized, none outstanding ——
Common stock—par value $0.10; 1.6 billion shares authorized, 1,097,342,586 and
1,119,140,192 shares issued and outstanding, respectively 110 112
Retained earnings 14,826 13,272
Accumulated other comprehensive loss (307) (202)
Total shareholders’ equity 14,629 13,182
Total liabilities and shareholders’ equity $28,090 $23,588
The accompanying notes are an integral part of these consolidated financial statements.