Medtronic 2016 Annual Report Download - page 70
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Table of Contents
67
Medtronic plc
Consolidated Balance Sheets
(in millions, except per share data) April 29,
2016 April 24,
2015
ASSETS
Current assets:
Cash and cash equivalents $ 2,876 $ 4,843
Investments 9,758 14,637
Accounts receivable, less allowances of $161 and $144, respectively 5,562 5,112
Inventories 3,473 3,463
Tax assets 697 1,335
Prepaid expenses and other current assets 1,234 1,454
Total current assets 23,600 30,844
Property, plant, and equipment, net 4,841 4,699
Goodwill 41,500 40,530
Other intangible assets, net 26,899 28,101
Long-term tax assets 1,383 774
Other assets 1,559 1,737
Total assets $ 99,782 $ 106,685
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Short-term borrowings $ 993 $ 2,434
Accounts payable 1,709 1,610
Accrued compensation 1,712 1,611
Accrued income taxes 566 935
Deferred tax liabilities — 119
Other accrued expenses 2,185 2,464
Total current liabilities 7,165 9,173
Long-term debt 30,247 33,752
Long-term accrued compensation and retirement benefits 1,759 1,535
Long-term accrued income taxes 2,903 2,476
Long-term deferred tax liabilities 3,729 4,700
Other long-term liabilities 1,916 1,819
Total liabilities 47,719 53,455
Commitments and contingencies (Notes 2, 13, and 15)
Shareholders’ equity:
Ordinary shares— par value $0.0001, 2.6 billion shares authorized, 1,399,018,022 and
1,421,648,005 shares issued and outstanding, respectively — —
Retained earnings 53,931 54,414
Accumulated other comprehensive (loss) income (1,868)(1,184)
Total shareholders’ equity 52,063 53,230
Total liabilities and shareholders’ equity $ 99,782 $ 106,685
The accompanying notes are an integral part of these consolidated financial statements.