Medtronic 2013 Annual Report Download - page 75
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75732me_10K.indd 60 6/25/13 6:39 PM
Table of Contents
Medtronic, Inc.
Consolidated Balance Sheets
April 26,
2013 April 27,
2012
(in millions, except per share data)
ASSETS
Current assets:
Cash and cash equivalents $ 860 $ 1,172
Investments 10,211 8,178
Accounts receivable, less allowances of $98 and $100, respectively 3,727 3,808
Inventories 1,712 1,800
Tax assets 539 703
Prepaid expenses and other current assets 744 675
Total current assets 17,793 16,336
Property, plant, and equipment, net 2,490 2,473
Goodwill 10,329 9,934
Other intangible assets, net 2,673 2,647
Long-term tax assets 232 176
Other assets 1,324 1,252
Total assets $ 34,841 $ 32,818
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term borrowings $ 910 $ 3,274
Accounts payable 622 565
Accrued compensation 1,011 912
Accrued income taxes 88 154
Deferred tax liabilities 16 14
Other accrued expenses 1,244 1,008
Total current liabilities 3,891 5,927
Long-term debt 9,741 7,359
Long-term accrued compensation and retirement benefits 752 759
Long-term accrued income taxes 1,168 1,005
Long-term deferred tax liabilities 340 276
Other long-term liabilities 278 379
Total liabilities 16,170 15,705
Commitments and contingencies (Notes 4, 15, 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, 1,016,014,005 and
1,037,194,934 shares issued and outstanding, respectively 102 104
Retained earnings 19,061 17,482
Accumulated other comprehensive loss (492) (473)
Total shareholders’ equity 18,671 17,113
Total liabilities and shareholders’ equity $ 34,841 $ 32,818
The accompanying notes are an integral part of these consolidated financial statements.
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