Walgreens 2004 Annual Report Download - page 23

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23
The accompanying Summary of Major Accounting Policies and the Notes to
Consolidated Financial Statements are integral parts of these statements.
Consolidated Balance Sheets
Walgreen Co. and Subsidiaries
At August 31, 2004 and 2003
(Dollars in Millions)
(Restated - See Restatement Note on Pages 29-30)
Assets 2004 2003
Current Assets
Cash and cash equivalents $ 444.0
$ 1,268.0
Short term investments - available for sale 1,251.5
-
Accounts receivable, net 1,169.1
1,017.8
Inventories 4,738.6
4,202.7
Other current assets 161.2
120.5
Total Current Assets 7,764.4
6,609.0
Non-Current Assets
Property and equipment, at cost, less accumulated
depreciation and amortization 5,446.4
4,940.0
Other non-current assets 131.3
107.8
Total Assets $13,342.1
$11,656.8
Liabilities and Shareholders' Equity
Current Liabilities
Trade accounts payable $ 2,641.5
$ 2,407.8
Accrued expenses and other liabilities 1,370.5
1,157.8
Income taxes 65.9
105.8
Total Current Liabilities 4,077.9
3,671.4
Non-Current Liabilities
Deferred income taxes 274.1
180.7
Other non-current liabilities 850.4
686.9
Total Non-Current Liabilities 1,124.5
867.6
Shareholders' Equity
Preferred stock, $.0625 par value; authorized 32 million
shares; none issued -
-
Common stock, $.078125 par value; authorized 3.2 billion
shares; issued 1,025,400,000 in 2004 and 1,024,908,276 in
2003 80.1
80.1
Paid-in capital 632.6
697.8
Retained earnings 7,503.3
6,339.9
Treasury stock at cost, 2,107,263 shares in 2004 (76.3)
-
Total Shareholders' Equity 8,139.7
7,117.8
Total Liabilities and Shareholders' Equity $13,342.1
$11,656.8