Western Digital 2006 Annual Report Download - page 53
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WESTERN DIGITAL CORPORATION
CONSOLIDATED BALANCE SHEETS
(in millions)
June 30,
2006
July 1,
2005
(as adjusted)
(Note 2)
ASSETS
Current assets:
Cash and cash equivalents ........................................... $ 550.7 $ 485.2
Short-term investments ............................................. 148.1 113.2
Accounts receivable, net ............................................ 481.5 402.9
Inventories ...................................................... 205.1 152.9
Advances to suppliers .............................................. 79.6 12.5
Prepaid expenses and other .......................................... 27.2 14.5
Total current assets .............................................. 1,492.2 1,181.2
Property and equipment, net ........................................... 548.6 395.0
Intangible and other assets ............................................ 32.5 12.4
Total assets .................................................... $2,073.3 $1,588.6
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable ................................................. $ 631.8 $ 569.1
Accrued expenses ................................................. 131.0 155.9
Accrued warranty ................................................. 71.6 75.2
Current portion of long-term debt ..................................... 24.6 20.1
Total current liabilities ........................................... 859.0 820.3
Long-term debt .................................................... 19.4 32.6
Other liabilities .................................................... 37.7 35.4
Total liabilities ................................................. 916.1 888.3
Commitments and contingent liabilities (Note 6)
Shareholders’ equity:
Preferred stock, $.01 par value; authorized — 5.0 shares; Outstanding — None ..... — —
Common stock, $.01 par value; authorized — 450.0 shares; Outstanding — 221.7
and 214.6 shares, respectively ....................................... 2.2 2.1
Additional paid-in capital ........................................... 775.3 714.3
Accumulated comprehensive income (loss) ................................ 1.0 (0.3)
Retained earnings (deficit) ........................................... 390.5 (4.1)
Treasury stock — common shares at cost; 0.7 and 0.9 shares, respectively .......... (11.8) (11.7)
Total shareholders’ equity . . ........................................ 1,157.2 700.3
Total liabilities and shareholders’ equity ............................... $2,073.3 $1,588.6
The accompanying notes are an integral part of these consolidated financial statements.
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