Western Digital 1997 Annual Report Download - page 13

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(in thousands)
Assets
Current assets:
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Inventories
Prepaid expenses and other assets
Total current assets
Property and equipment at cost, net
Intangible and other assets, net
Total assets
Liabilities and Shareholders’ Equity
Current liabilities
Deferred income taxes
Shareholders’ equity:
Common stock and paid-in capital, net of treasury stock
Retained earnings
Total shareholders’ equity
Total liabilities and shareholders’ equity
$ 182,565
36,598
409,473
142,622
23,006
794,264
148,258
41,621
$ 984,143
$ 514,022
16,229
233,422
220,470
453,892
$ 984,143
$ 208,276
—
545,552
224,474
39,593
1,017,895
247,895
41,332
$1,307,122
$ 653,705
33,430
131,921
488,066
619,987
$1,307,122
June 29, 1996 June 28, 1997
Condensed Consolidated Balance Sheets
Independent Auditors’ Report
Western Digital Corporation
The Board of Directors
Western Digital Corporation:
We have audited, in accordance with generally accepted auditing standards, the
consolidated balance sheets of Western Digital Corporation and subsidiaries as
of June 29, 1996 and June 28, 1997, and the related consolidated statements of
income, shareholders’ equity and cash flows for the three years ended June 28,
1997, and in our report dated July 16, 1997, we expressed an unqualified
opinion on those consolidated financial statements.
In our opinion, the information set forth in the accompanying condensed
consolidated financial statements is fairly stated, in all material respects, in
relation to the consolidated financial statements from which it has been derived.
Orange County, California
September 12, 1997
Fiscal Years Ended
11