Pfizer 2008 Annual Report Download - page 50

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Consolidated Balance Sheets
Pfizer Inc and Subsidiary Companies
AS OF DECEMBER 31,
(MILLIONS, EXCEPT PREFERRED STOCK ISSUED AND PER COMMON SHARE DATA) 2008 2007
Assets
Cash and cash equivalents $ 2,122 $ 3,406
Short-term investments 21,609 22,069
Accounts receivable, less allowance for doubtful accounts: 2008—$190; 2007—$223 8,958 9,843
Short-term loans 824 617
Inventories 4,381 5,302
Taxes and other current assets 5,034 5,498
Assets held for sale 148 114
Total current assets 43,076 46,849
Long-term investments and loans 11,478 4,856
Property, plant and equipment, less accumulated depreciation 13,287 15,734
Goodwill 21,464 21,382
Identifiable intangible assets, less accumulated amortization 17,721 20,498
Other assets, deferred taxes and deferred charges 4,122 5,949
Total assets $111,148 $115,268
Liabilities and Shareholders’ Equity
Short-term borrowings, including current portion of long-term debt: 2008—$937; 2007—$1,024 $ 9,320 $ 5,825
Accounts payable 1,751 2,270
Dividends payable 2,159 2,163
Income taxes payable 656 1,380
Accrued compensation and related items 1,667 1,974
Other current liabilities 11,456 8,223
Total current liabilities 27,009 21,835
Long-term debt 7,963 7,314
Pension benefit obligations 4,235 2,599
Postretirement benefit obligations 1,604 1,708
Deferred taxes 2,959 7,696
Other taxes payable 6,568 6,246
Other noncurrent liabilities 3,070 2,746
Total liabilities 53,408 50,144
Minority interests 184 114
Preferred stock, without par value, at stated value; 27 shares authorized; issued: 2008—1,804;
2007—2,302 73 93
Common stock, $0.05 par value; 12,000 shares authorized; issued: 2008—8,863; 2007—8,850 443 442
Additional paid-in capital 70,283 69,913
Employee benefit trust (425) (550)
Treasury stock, shares at cost; 2008—2,117; 2007—2,089 (57,391) (56,847)
Retained earnings 49,142 49,660
Accumulated other comprehensive income/(expense) (4,569) 2,299
Total shareholders’ equity 57,556 65,010
Total liabilities and shareholders’ equity $111,148 $115,268
See Notes to Consolidated Financial Statements, which are an integral part of these statements.
48 2008 Financial Report