How would this alter their financial statements? Would this make the financial statements weaker or stronger?
I realize that the company would be much bigger, based on assets, since they have a huge liability. The equity would get reduced from $35B to $1B or so.
In Millions of USD (except for per share items) As of 2007-03-31 Cash & Equivalents 7,611.00 Short Term Investments 20,625.00 Cash and Short Term Investments 28,236.00 Accounts Receivable - Trade, Net 8,454.00 Receivables - Other - Total Receivables, Net 8,454.00 Total Inventory 1,750.00 Prepaid Expenses - Other Current Assets, Total 4,343.00 Total Current Assets 42,783.00
Property/Plant/Equipment, Total - Gross - Goodwill, Net 4,217.00 Intangibles, Net 699.00 Long Term Investments 9,624.00 Other Long Term Assets, Total 2,645.00 Total Assets 63,891.00
Accounts Payable 2,843.00 Accrued Expenses 1,878.00 Notes Payable/Short Term Debt 0.00 Current Port. of LT Debt/Capital Leases - Other Current liabilities, Total 16,906.00 Total Current Liabilities 21,627.00
Long Term Debt - Capital Lease Obligations - Total Long Term Debt 0.00
Total Debt 0.00
Deferred Income Tax - Minority Interest - Other Liabilities, Total 7,291.00 Total Liabilities 28,918.00
Redeemable Preferred Stock, Total - Preferred Stock - Non Redeemable, Net - Common Stock, Total 60,827.00 Additional Paid-In Capital - Retained Earnings (Accumulated Deficit) -25,854.00 Treasury Stock - Common - Other Equity, Total - Total Equity 34,973.00
Total Liabilities & Shareholders' Equity 63,891.00
Shares Outs - Common Stock Primary Issue - Total Common Shares Outstanding 9,572.00