Walgreens 2008 Annual Report Download - page 27

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Consolidated Balance Sheets
Walgreen Co. and Subsidiaries at August 31, 2008 and 2007 (In millions, except shares and per share amounts)
Assets 2008 2007
Current Assets Cash and cash equivalents $ 443 $ 255
Accounts receivable, net 2,527 2,237
Inventories 7,249 6,790
Other current assets 214 229
Total Current Assets 10,433 9,511
Non-Current Assets Property and equipment, at cost,
less accumulated depreciation and amortization 9,775 8,204
Goodwill 1,438 1,060
Other non-current assets 764 539
Total Non-Current Assets 11,977 9,803
Total Assets $22,410 $19,314
Liabilities and Shareholders’ Equity
Current Liabilities Short-term borrowings $83 $884
Trade accounts payable 4,289 3,734
Accrued expenses and other liabilities 2,272 2,099
Income taxes —28
Total Current Liabilities 6,644 6,745
Non-Current Liabilities Long-term debt 1,337 22
Deferred income taxes 150 158
Other non-current liabilities 1,410 1,285
Total Non-Current Liabilities 2,897 1,465
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 2008 and 2007 80 80
Paid-in capital 575 559
Employee stock loan receivable (36) (52)
Retained earnings 13,792 12,027
Accumulated other comprehensive income (loss) 9(4)
Treasury stock at cost, 36,223,782 shares in 2008
and 34,258,643 shares in 2007 (1,551) (1,506)
Total Shareholders’ Equity 12,869 11,104
Total Liabilities and Shareholders’ Equity $22,410 $19,314
The accompanying Notes to Consolidated Financial Statements are integral parts of these statements.
2008 Walgreens Annual Report Page 25