(a) Includes contra revenue primarily associated with sales incentive programs to wind down the webOS device business, net of webOS device revenue. (b) Includes impairment charges to goodwill and purchased intangible assets associated with the acquisition of Palm Inc. on July 1, 2010 recorded as a result of the decision announced on August 18, 2011 to wind down the webOS device business. (c) Includes primarily expenses for supplier-related obligations and contra revenue associated with sales incentive programs related to winding down the webOS device business. (d) Includes primarily the cost of the British pound options bought to limit foreign exchange rate risk in connection with the Autonomy acquisition.
HEWLETT-PACKARD COMPANY AND SUBSIDIARIES CONSOLIDATED CONDENSED BALANCE SHEETS (In millions) January 31, October 31, 2012 2011 -------------- -------------- (unaudited) ASSETS Current assets: Cash and cash equivalents $ 8,113 $ 8,043 Accounts receivable 15,892 18,224 Financing receivables 3,123 3,162 Inventory 7,271 7,490 Other current assets 14,350 14,102 -------------- -------------- Total current assets 48,749 51,021 -------------- -------------- Property, plant and equipment 12,122 12,292 Long-term financing receivables and other assets 11,057 10,755 Goodwill and purchased intangible assets 54,668 55,449 -------------- -------------- Total assets $ 126,596 $ 129,517 ============== ============== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Notes payable and short-term borrowings $ 5,438 $ 8,083 Accounts payable 12,375 14,750 Employee compensation and benefits 3,136 3,999 Taxes on earnings 929 1,048 Deferred revenue 7,530 7,449 Other accrued liabilities 14,885 15,113 -------------- -------------- Total current liabilities 44,293 50,442 -------------- -------------- Long-term debt 25,462 22,551 Other liabilities 17,269 17,520 Stockholders' equity: HP stockholders' equity 39,162 38,625 Non-controlling interests 410 379 -------------- -------------- Total stockholders' equity 39,572 39,004 -------------- -------------- Total liabilities and stockholders' equity $ 126,596 $ 129,517 ============== ==============