BALANCE SHEETS
| (In millions) | ||||
|---|---|---|---|---|
| June 30, | 2010 | 2009 | ||
| Assets | ||||
| Current assets: | ||||
| Cash and cash equivalents | $ | 5,505 | $ | 6,076 |
| Short-term investments (including securities loaned of $62 and $1,540) | 31,283 | 25,371 | ||
| Total cash, cash equivalents, and short-term investments | 36,788 | 31,447 | ||
| Accounts receivable, net of allowance for doubtful accounts of $375 and $451 | 13,014 | 11,192 | ||
| Inventories | 740 | 717 | ||
| Deferred income taxes | 2,184 | 2,213 | ||
| Other | 2,950 | 3,711 | ||
| Total current assets | 55,676 | 49,280 | ||
| Property and equipment, net of accumulated depreciation of $8,629 and $7,547 | 7,630 | 7,535 | ||
| Equity and other investments | 7,754 | 4,933 | ||
| Goodwill | 12,394 | 12,503 | ||
| Intangible assets, net | 1,158 | 1,759 | ||
| Deferred income taxes | 0 | 279 | ||
| Other long-term assets | 1,501 | 1,599 | ||
| Total assets | $ | 86,113 | $ | 77,888 |
| Liabilities and stockholders’ equity | ||||
| Current liabilities: | ||||
| Accounts payable | $ | 4,025 | $ | 3,324 |
| Short-term debt | 1,000 | 2,000 | ||
| Accrued compensation | 3,283 | 3,156 | ||
| Income taxes | 1,074 | 725 | ||
| Short-term unearned revenue | 13,652 | 13,003 | ||
| Securities lending payable | 182 | 1,684 | ||
| Other | 2,931 | 3,142 | ||
| Total current liabilities | 26,147 | 27,034 | ||
| Long-term debt | 4,939 | 3,746 | ||
| Long-term unearned revenue | 1,178 | 1,281 | ||
| Deferred income taxes | 229 | 0 | ||
| Other long-term liabilities | 7,445 | 6,269 | ||
| Commitments and contingencies | ||||
| Stockholders’ equity: | ||||
| Common stock and paid-in capital – shares authorized 24,000; outstanding 8,668 and 8,908 | 62,856 | 62,382 | ||
| Retained deficit, including accumulated other comprehensive income of $1,055 and $969 | (16,681) | (22,824) | ||
| Total stockholders’ equity | 46,175 | 39,558 | ||
| Total liabilities and stockholders’ equity | $ | 86,113 | $ | 77,888 |
See accompanying notes.