Walgreens 2007 Annual Report Download - page 27

Consolidated Balance Sheets
Walgreen Co. and Subsidiaries at August 31, 2007 and 2006 (In Millions, except shares and per share amounts)
Assets 2007 2006
Current Assets Cash and cash equivalents $ 254.8 $ 919.9
Short-term investments – available for sale —415.1
Accounts receivable, net 2,236.5 2,062.7
Inventories 6,790.5 6,050.4
Other current assets 228.7 257.3
Total Current Assets 9,510.5 9,705.4
Non-Current Assets Property and equipment, at cost,
less accumulated depreciation and amortization 8,199.9 6,948.9
Goodwill 1,060.2 168.4
Other non-current assets 543.0 308.4
Total Assets $19,313.6 $17,131.1
Liabilities and Shareholders’ Equity
Current Liabilities Short-term borrowings $ 878.5 $—
Trade accounts payable 3,733.3 4,039.2
Accrued expenses and other liabilities 2,104.4 1,713.3
Income taxes 28.1 2.8
Total Current Liabilities 6,744.3 5,755.3
Non-Current Liabilities Deferred income taxes 158.2 141.1
Other non-current liabilities 1,306.8 1,118.9
Total Non-Current Liabilities 1,465.0 1,260.0
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 2007 and 2006 80.1 80.1
Paid-in capital 558.8 558.5
Employee stock loan receivable (51.6) (70.3)
Retained earnings 12,026.8 10,311.7
Accumulated other comprehensive loss (3.9) —
Treasury stock at cost, 34,258,643 shares in 2007
and 17,537,881 shares in 2006 (1,505.9) (764.2)
Total Shareholders’ Equity 11,104.3 10,115.8
Total Liabilities and Shareholders’ Equity $19,313.6 $17,131.1
The accompanying Notes to Consolidated Financial Statements are integral parts of these statements.
2007 Walgreens Annual Report Page 25