BALANCE SHEETS
| (In millions) | |||
| June 30 | 2004 | 2005) | |
| Assets | |||
| Current assets: | |||
| Cash and equivalents | $14,304 | $004,851) | |
| Short-term investments | 46,288 | 32,900) | |
| Total cash and short-term investments | 60,592 | 37,751) | |
| Accounts receivable, net | 5,890 | 7,180) | |
| Inventories | 421 | 491) | |
| Deferred income taxes | 2,097 | 1,701) | |
| Other | 1,566 | 1,614) | |
| Total current assets | 70,566 | 48,737) | |
| Property and equipment, net | 2,326 | 2,346) | |
| Equity and other investments | 12,210 | 11,004) | |
| Goodwill | 3,115 | 3,309) | |
| Intangible assets, net | 569 | 499) | |
| Deferred income taxes | 3,808 | 3,621) | |
| Other long-term assets | 1,774 | 1,299) | |
| Total assets | $94,368 | $070,815) | |
| Liabilities and stockholders’ equity | |||
| Current liabilities: | |||
| Accounts payable | $ 1,717 | $002,086) | |
| Accrued compensation | 1,339 | 1,662) | |
| Income taxes | 3,478 | 2,020) | |
| Short-term unearned revenue | 6,514 | 7,502) | |
| Other | 1,921 | 3,607) | |
| Total current liabilities | 14,969 | 16,877) | |
| Long-term unearned revenue | 1,663 | 1,665) | |
| Other long-term liabilities | 2,911 | 4,158) | |
| Commitments and contingencies | |||
| Stockholders’ equity: | |||
| Common stock and paid-in capital – shares authorized 24,000; outstanding 10,862 and 10,710 |
56,396 | 60,413) | |
| Retained earnings (deficit), including accumulated other comprehensive income of $1,119 and $1,426 |
18,429 | (12,298) | |
| Total stockholders’ equity | 74,825 | 48,115) | |
| Total liabilities and stockholders’ equity | $94,368 | $070,815) | |