SEAGATE TECHNOLOGY, INC.
CONSOLIDATED CONDENSED BALANCE SHEETS
(In Thousands)
(Unaudited)
October 3,
1997
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ASSETS------
Cash and cash equivalents $ 811,207
Short-term investments 899,969
Accounts receivable, net 927,226
Inventories 787,803
Deferred income taxes 286,968
Other current assets 141,967
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Total Current Assets 3,855,140
Property, equipment and leasehold improvements, net 1,855,213
Goodwill and other intangibles, net 203,395
Other assets 161,737
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Total Assets $6,075,485
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LIABILITIES-----------
Accounts payable $ 619,023
Accrued employee compensation 182,478
Accrued expenses 581,618
Accrued income taxes 4,716
Current portion of long-term debt 1,276
----------
Total Current Liabilities 1,389,111
Deferred income taxes 521,359
Other liabilities 228,094
Long-term debt, less current portion 703,119
----------
Total Liabilities 2,841,683
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STOCKHOLDERS' EQUITY--------------------
Common stock 2,519
Additional paid-in capital 1,914,408
Retained earnings 1,685,497
Deferred compensation (59,425)
Treasury common stock at cost (308,576)
Foreign currency translation adjustment (621)
----------
Total Stockholders' Equity 3,233,802
----------
Total Liabilities and Stockholders' Equity $6,075,485
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