Spr10-CH 3 - TheBalanceSheetand TheBalanceSheetand...

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The Balance Sheet and  The Balance Sheet and  Financial Disclosures Financial Disclosures Spiceland – Chapter 3
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What is the Balance Sheet? What is the Balance Sheet? Statement of position as of a certain date. Shows the available resources (assets),  external  claims on those resources (liabilities) and the  owners’ shares in the  net  resources. Liquidity vs. solvency Does the balance sheet show everything of value  contained within a company?
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Balance Sheet Constraints Balance Sheet Constraints Book value ≠ market value Plenty of estimates involved with B/S  amounts. B/S is not a comprehensive listing of  items that provide financial value to  the firm.
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Balance Sheet Classifications Balance Sheet Classifications Three sections to the B/S: Assets Current and Noncurrent Liabilities Current and Noncurrent Stockholders/Shareholders/Owners  Equity “Net Assets” “Book Value” 
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(In thousands) 2006 2007 Assets: Current assets: Cash and cash equivalents 3,544,671 $ 6,081,593 $ Marketable securities 7,699,243 8,137,020 Accounts receivables, net of allowance 1,322,340 2,162,521 Deferred income taxes, net 29,713 68,538 Income taxes receivable - 145,253 Prepaid revenue share, expenses and other assets 443,880 694,213 Total current assets 13,039,847 17,289,138 Noncurrent assets: Prepaid revenue share, expenses and other assets, noncurrent 114,455 168,530 Deferred income taxes, net., non-current - 33,219 Non-marketable equity securities 1,031,850 1,059,694 Property and equipment, net 2,395,239 4,039,261 Intangible assets, net 346,841 446,596 Goodwill 1,545,119 2,299,368 Total noncurrent assets 5,433,504 8,046,668 Total Assets 18,473,351 $ 25,335,806 $ Google Inc. Balance Sheet December 31 Assets are probable future economic benefits obtained or  controlled by a particular entity as a result of past  transactions or events. 
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Current Assets Current Assets
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Spr10-CH 3 - TheBalanceSheetand TheBalanceSheetand...

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