Seagate 2010 Annual Report Download - page 73

Table of Contents
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
SEAGATE TECHNOLOGY PLC
CONSOLIDATED BALANCE SHEETS
(In millions, except share and per share data)
See notes to consolidated financial statements.
69
July 1,
2011
July 2,
2010
ASSETS
Current assets:
Cash and cash equivalents
$
2,677
$
2,263
Short
-
term investments
474
252
Restricted cash and investments
102
114
Accounts receivable, net
1,495
1,400
Inventories
872
757
Deferred income taxes
99
118
Other current assets
706
514
Total current assets
6,425
5,418
Property, equipment and leasehold improvements, net
2,245
2,263
Deferred income taxes
374
395
Other assets, net
181
171
Total Assets
$
9,225
$
8,247
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable
$
2,063
$
1,780
Accrued employee compensation
199
263
Accrued warranty
189
189
Accrued expenses
438
422
Accrued income taxes
14
14
Current portion of long
-
term debt
560
329
Total current liabilities
3,463
2,997
Long
-
term accrued warranty
159
183
Long
-
term accrued income taxes
67
59
Other non
-
current liabilities
121
111
Long
-
term debt, less current portion
2,952
2,173
Total Liabilities
6,762
5,523
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
—
—
Ordinary shares, $0.00001 par value per share—1,250 million authorized;
424,611,591 issued and outstanding at July 1, 2011 and 493,008,776 issued
and outstanding at July 2, 2010
—
—
Additional paid
-
in capital
3,980
3,851
Accumulated other comprehensive income (loss)
(6
)
(4
)
Retained earnings (accumulated deficit)
(1,511
)
(1,123
)
Total Shareholders' Equity
2,463
2,724
Total Liabilities and Shareholders' Equity
$
9,225
$
8,247