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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.
63
June 29,
2012
July 1,
2011
ASSETS
Current assets:
Cash and cash equivalents
$
1,707
$
2,677
Short
-
term investments
411
474
Restricted cash and investments
93
102
Accounts receivable, net
2,319
1,495
Inventories
909
872
Deferred income taxes
104
99
Other current assets
767
706
Total current assets
6,310
6,425
Property, equipment and leasehold improvements, net
2,284
2,245
Goodwill
463
31
Other intangible assets
506
1
Deferred income taxes
396
374
Other assets, net
147
149
Total Assets
$
10,106
$
9,225
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable
$
2,286
$
2,063
Accrued employee compensation
344
199
Accrued warranty
235
189
Accrued expenses
531
452
Current portion of long
-
term debt
—
560
Total current liabilities
3,396
3,463
Long
-
term accrued warranty
128
159
Long
-
term accrued income taxes
84
67
Other non
-
current liabilities
138
121
Long
-
term debt, less current portion
2,863
2,952
Total Liabilities
6,609
6,762
Commitments and contingencies (See Notes 15 and 16)
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;
396,032,905 issued and outstanding at June 29, 2012 and 424,611,591
issued and outstanding at July 1, 2011
—
—
Additional paid
-
in capital
4,950
3,980
Accumulated other comprehensive loss
(9
)
(6
)
Accumulated deficit
(1,444
)
(1,511
)
Total Shareholders' Equity
3,497
2,463
Total Liabilities and Shareholders' Equity
$
10,106
$
9,225