BALANCE SHEETS
| (In millions) | ||
|---|---|---|
| June 30, | 2009 | 2008 |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $(, 6,076 | $10,339 |
| Short-term investments (including securities pledged as collateral of $1,540 and $2,491) |
25,371 | 13,323 |
| Total cash, cash equivalents, and short-term investments | 31,447 | 23,662 |
| Accounts receivable, net of allowance for doubtful accounts of $451 and $153 | 11,192 | 13,589 |
| Inventories | 717 | 985 |
| Deferred income taxes | 2,213 | 2,017 |
| Other | 3,711 | 2,989 |
| Total current assets | 49,280 | 43,242 |
| Property and equipment, net of accumulated depreciation of $7,547 and $6,302 | 7,535 | 6,242 |
| Equity and other investments | 4,933 | 6,588 |
| Goodwill | 12,503 | 12,108 |
| Intangible assets, net | 1,759 | 1,973 |
| Deferred income taxes | 279 | 949 |
| Other long-term assets | 1,599 | 1,691 |
| Total assets | $ 77,888 | $72,793 |
| Liabilities and stockholders’ equity | ||
| Current liabilities: | ||
| Accounts payable | $((3,324 | $ 4,034 |
| Short-term debt | 2,000 | – |
| Accrued compensation | 3,156 | 2,934 |
| Income taxes | 725 | 3,248 |
| Short-term unearned revenue | 13,003 | 13,397 |
| Securities lending payable | 1,684 | 2,614 |
| Other | 3,142 | 3,659 |
| Total current liabilities | 27,034 | 29,886 |
| Long-term debt | 3,746 | – |
| Long-term unearned revenue | 1,281 | 1,900 |
| Other long-term liabilities | 6,269 | 4,721 |
| Commitments and contingencies | ||
| Stockholders’ equity: | ||
| Common stock and paid-in capital – shares authorized 24,000; outstanding 8,908 and 9,151 | 62,382 | 62,849 |
| Retained deficit, including accumulated other comprehensive income of $969 and $1,140 | (22,824) | (26,563) |
| Total stockholders’ equity | 39,558 | 36,286 |
| Total liabilities and stockholders’ equity | $ 77,888 | $ 72,793 |
See accompanying notes.