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BALANCE SHEETS - USD ($) $ in Millions Jun. 30, 2021 Jun. 30, 2020 Current assets: Cash and cash equivalents $ 14,224 $ 13,576 Short-term
BALANCE SHEETS - USD ($) $ in Millions | Jun. 30, 2021 | Jun. 30, 2020 |
Current assets: | ||
Cash and cash equivalents | $ 14,224 | $ 13,576 |
Short-term investments | 116,110 | 122,951 |
Total cash, cash equivalents, and short-term investments | 130,334 | 136,527 |
Accounts receivable, net of allowance for doubtful accounts of $751 and $788 | 38,043 | 32,011 |
Inventories | 2,636 | 1,895 |
Other current assets | 13,393 | 11,482 |
Total current assets | 184,406 | 181,915 |
Property and equipment, net of accumulated depreciation of $51,351 and $43,197 | 59,715 | 44,151 |
Operating lease right-of-use assets | 11,088 | 8,753 |
Equity investments | 5,984 | 2,965 |
Goodwill | 49,711 | 43,351 |
Intangible assets, net | 7,800 | 7,038 |
Other long-term assets | 15,075 | 13,138 |
Total assets | 333,779 | 301,311 |
Current liabilities: | ||
Accounts payable | 15,163 | 12,530 |
Current portion of long-term debt | 8,072 | 3,749 |
Accrued compensation | 10,057 | 7,874 |
Short-term income taxes | 2,174 | 2,130 |
Short-term unearned revenue | 41,525 | 36,000 |
Other current liabilities | 11,666 | 10,027 |
Total current liabilities | 88,657 | 72,310 |
Long-term debt | 50,074 | 59,578 |
Long-term income taxes | 27,190 | 29,432 |
Long-term unearned revenue | 2,616 | 3,180 |
Deferred income taxes | 198 | 204 |
Operating lease liabilities | 9,629 | 7,671 |
Other long-term liabilities | 13,427 | 10,632 |
Total liabilities | 191,791 | 183,007 |
Commitments and contingencies | ||
Stockholders equity: | ||
Common stock and paid-in capital shares authorized 24,000; outstanding 7,519 and 7,571 | 83,111 | 80,552 |
Retained earnings | 57,055 | 34,566 |
Accumulated other comprehensive income (AOCI) | 1,822 | 3,186 |
Total stockholders equity | 141,988 | 118,304 |
Total liabilities and stockholders equity | $ 333,779 | $ 301,311 |
1. Compare the amounts of Contributed Capital vs Earned Capital. (20 points)
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