Seagate 2009 Annual Report Download - page 71

Table of Contents
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
SEAGATE TECHNOLOGY
CONSOLIDATED BALANCE SHEETS
(Dollars in millions, except share and per share data)
See notes to consolidated financial statements.
69
July 2,
2010
July 3,
2009
(a)
ASSETS
Current assets:
Cash and cash equivalents
$
2,263
$
1,427
Short
-
term investments
252
114
Restricted cash and investments
114
508
Accounts receivable, net
1,400
1,033
Inventories
757
587
Deferred income taxes
118
97
Other current assets
514
528
Total current assets
5,418
4,294
Property, equipment and leasehold improvements, net
2,263
2,229
Goodwill and other intangible assets, net
38
73
Deferred income taxes
395
372
Other assets, net
133
119
Total Assets
$
8,247
$
7,087
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Short
-
term borrowings
$
—
$
350
Accounts payable
1,780
1,573
Accrued employee compensation
263
144
Accrued warranty
189
213
Accrued expenses
422
483
Accrued income taxes
14
10
Current portion of long
-
term debt
329
421
Total current liabilities
2,997
3,194
Long
-
term accrued warranty
183
224
Long
-
term accrued income taxes
59
69
Other non
-
current liabilities
111
120
Long
-
term debt, less current portion
2,173
1,926
Total Liabilities
5,523
5,533
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;
470,240,793 issued and outstanding at July 2, 2010 and 493,008,776 issued
and outstanding at July 3, 2009
—
—
Additional paid
-
in capital
3,851
3,708
Accumulated other comprehensive income (loss)
(4
)
(6
)
Retained earnings (accumulated deficit)
(1,123
)
(2,148
)
Total Shareholders' Equity
2,724
1,554
Total Liabilities and Shareholders' Equity
$
8,247
$
7,087
(a) As adjusted due to a required change in the accounting for convertible debt instruments implemented in the first quarter of
fiscal year 2010, applied on a retrospective basis (see Note 5).