Walgreens 2005 Annual Report Download - page 26

Consolidated Balance Sheets
Walgreen Co. and Subsidiaries at August 31, 2005 and 2004 (Dollars in Millions)
Assets 2005 2004
Current Assets Cash and cash equivalents $ 576.8 $ 444.0
Short-term investments – available for sale 494.8 1,251.5
Accounts receivable, net 1,396.3 1,169.1
Inventories 5,592.7 4,738.6
Other current assets 255.9 161.2
Total Current Assets 8,316.5 7,764.4
Non-Current Assets Property and equipment, at cost,
less accumulated depreciation and amortization 6,165.0 5,446.4
Other non-current assets 127.3 131.3
Total Assets $14,608.8 $13,342.1
Liabilities and Shareholders’ Equity
Current Liabilities Trade accounts payable $ 2,918.2 $ 2,641.5
Accrued expenses and other liabilities 1,491.9 1,370.5
Income taxes 70.9 65.9
Total Current Liabilities 4,481.0 4,077.9
Non-Current Liabilities Deferred income taxes 240.4 274.1
Other non-current liabilities 997.7 850.4
Total Non-Current Liabilities 1,238.1 1,124.5
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 shares in 2005 and 2004 80.1 80.1
Paid-in capital 565.0 632.6
Employee stock loan receivable (76.8) —
Retained earnings 8,836.3 7,503.3
Treasury stock at cost, 11,887,953 shares in 2005
and 2,107,263 shares in 2004 (514.9) (76.3)
Total Shareholders’ Equity 8,889.7 8,139.7
Total Liabilities and Shareholders’ Equity $14,608.8 $13,342.1
The accompanying Summary of Major Accounting Policies and the Notes to Consolidated Financial Statements
are integral parts of these statements.
24 2005 Annual Report