Seagate 2005 Annual Report Download - page 59

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Table of Contents
SEAGATE TECHNOLOGY
ITEM 8.
FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
CONSOLIDATED BALANCE SHEETS
(in millions, except share and per share data)
See notes to consolidated financial statements.
57
June 30,
2006
July 1,
2005
ASSETS
Cash and cash equivalents
$
910
$
746
Short
-
term investments
823
1,090
Accounts receivable, net
1,445
1,094
Inventories
891
431
Other current assets
264
141
Total Current Assets
4,333
3,502
Property, equipment and leasehold improvements, net
2,106
1,529
Other intangible assets
307
3
Other assets, net
323
210
Goodwill
2,475
—
Total Assets
$
9,544
$
5,244
LIABILITIES
Accounts payable
$
1,692
$
1,108
Accrued employee compensation
385
266
Accrued restructuring
210
2
Accrued expenses
399
239
Accrued warranty
249
115
Accrued income taxes
72
46
Current portion of long
-
term debt
330
4
Total Current Liabilities
3,337
1,780
Accrued restructuring
23
—
Accrued warranty
196
128
Other non
-
current liabilities
136
59
Long
-
term debt, less current portion
640
736
Total Liabilities
4,332
2,703
Commitments and contingencies
SHAREHOLDERS
’
EQUITY
Preferred shares, $0.00001 par value per share
—
100 million authorized; no shares issued or outstanding
—
—
Common shares, $0.00001 par value per share—1,250 million authorized; 575,947,957 issued and outstanding at
June 30, 2006 and 476,765,764 issued and outstanding at July 1, 2005
—
—
Additional paid
-
in capital
2,858
632
Deferred stock compensation
(1
)
(3
)
Accumulated other comprehensive loss
(7
)
(9
)
Retained earnings
2,362
1,921
Total Shareholders
’
Equity
5,212
2,541
Total Liabilities and Shareholders
’
Equity
$
9,544
$
5,244