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Table of Contents
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
SEAGATE TECHNOLOGY
CONSOLIDATED BALANCE SHEETS
(In millions, except share and per share data)
See notes to consolidated financial statements.
72
July 3,
2009
June 27,
2008
ASSETS
Current assets:
Cash and cash equivalents
$
1,427
$
990
Short
-
term investments
114
151
Restricted cash and investments
508
—
Accounts receivable, net
1,033
1,410
Inventories
587
945
Deferred income taxes
94
274
Other current assets
528
502
Total current assets
4,291
4,272
Property, equipment and leasehold improvements, net
2,229
2,464
Goodwill
31
2,352
Other intangible assets, net
42
111
Deferred income taxes
375
616
Other assets, net
119
305
Total Assets
$
7,087
$
10,120
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short
-
term borrowings
$
350
$
—
Accounts payable
1,573
1,652
Accrued employee compensation
144
440
Accrued warranty
213
226
Accrued expenses
483
599
Accrued income taxes
10
10
Current portion of long
-
term debt
421
360
Total current liabilities
3,194
3,287
Long
-
term accrued warranty
224
219
Long
-
term accrued income taxes
69
210
Other non
-
current liabilities
120
148
Long
-
term debt, less current portion
1,956
1,670
Total Liabilities
5,563
5,534
Commitments and contingencies (See Notes 13 and 14)
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; 493,008,776 issued and outstanding at July 3,
2009 and 485,127,434 issued and outstanding at June 27, 2008
—
—
Additional paid
-
in capital
3,647
3,501
Accumulated other comprehensive income (loss)
(6
)
(16
)
Retained earnings (accumulated deficit)
(2,117
)
1,101
Total Shareholders' Equity
1,524
4,586
Total Liabilities and Shareholders' Equity
$
7,087
$
10,120