Seagate 2003 Annual Report Download - page 97

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Table of Contents
SEAGATE TECHNOLOGY
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Consolidating Balance Sheet
June 27, 2003
(in millions)
96
Seagate
Technology
Parent
Company
Guarantor
HDD
Subsidiary
Issuer
Combined
Non-
Guarantors
Eliminations
Seagate
Technology
Consolidated
Cash and cash equivalents
$
45
$
—
$
704
$
—
$
749
Short
-
term investments
—
—
445
—
445
Accounts receivable, net
—
—
611
—
611
Intercompany receivable
—
—
14
(14
)
—
Inventories
—
—
319
—
319
Intercompany loan receivable
—
310
—
(
310
)
—
Other current assets
—
—
158
—
158
Total Current Assets
45
310
2,251
(324
)
2,282
Property, equipment and leasehold improvements, net
—
—
1,111
—
1,111
Equity investment in HDD
1,288
—
—
(
1,288
)
—
Equity investments in Non
-
Guarantors
—
1,619
—
(
1,619
)
—
Other assets
—
12
112
—
124
Total Assets
$
1,333
$
1,941
$
3,474
$
(3,231
)
$
3,517
Accounts payable
$
—
$
—
$
640
$
—
$
640
Affiliate accounts payable
—
—
11
—
11
Intercompany payable
1
—
13
(14
)
—
Accrued employee compensation
—
—
217
—
217
Accrued expenses
8
5
299
—
312
Accrued income taxes
—
—
179
—
179
Intercompany loan payable
—
—
310
(310
)
—
Current portion of long
-
term debt
—
2
2
—
4
Total Current Liabilities
9
7
1,671
(324
)
1,363
Other liabilities
8
—
85
—
93
Long
-
term debt, less current portion
—
646
99
—
745
Total Liabilities
17
653
1,855
(324
)
2,201
Shareholders
’
Equity
1,316
1,288
1,619
(2,907
)
1,316
Total Liabilities and Shareholders
’
Equity
$
1,333
$
1,941
$
3,474
$
(3,231
)
$
3,517