Western Digital 2009 Annual Report Download - page 59

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WESTERN DIGITAL CORPORATION
CONSOLIDATED BALANCE SHEETS
(in millions)
July 3,
2009
June 27,
2008
ASSETS
Current assets:
Cash and cash equivalents ................................................ $1,794 $1,104
Accounts receivable, net ................................................. 926 1,010
Inventories........................................................... 376 456
Other current assets .................................................... 134 161
Total current assets ................................................... 3,230 2,731
Property and equipment, net ................................................ 1,584 1,668
Goodwill .............................................................. 139 116
Other intangible assets, net ................................................. 89 81
Other non-current assets ................................................... 249 279
Total assets......................................................... $5,291 $4,875
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable . . .................................................... $1,101 $1,181
Accrued expenses . . .................................................... 247 266
Accrued warranty . . .................................................... 95 90
Current portion of long-term debt .......................................... 82 27
Total current liabilities ................................................ 1,525 1,564
Long-term debt ......................................................... 400 482
Other liabilities ......................................................... 174 133
Total liabilities . . .................................................... 2,099 2,179
Commitments and contingencies (Notes 3, 4, and 5)
Shareholders’ equity:
Preferred stock, $.01 par value; authorized — 5 shares; outstanding — None ............ — —
Common stock, $.01 par value; authorized — 450 shares; outstanding — 225 shares ...... 2 2
Additional paid-in capital ................................................ 896 906
Accumulated other comprehensive income (loss) ................................ 2 (12)
Retained earnings . . .................................................... 2,292 1,822
Treasury stock — common shares at cost; none and 1 share, respectively ............... — (22)
Total shareholders’ equity .............................................. 3,192 2,696
Total liabilities and shareholders’ equity .................................... $5,291 $4,875
The accompanying notes are an integral part of these consolidated financial statements.
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