Walgreens 2009 Annual Report Download - page 28

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Consolidated Balance Sheets
Walgreen Co. and Subsidiaries at August 31, 2009 and 2008 (In millions, except shares and per share amounts)
Assets 2009 2008
Current Assets Cash and cash equivalents $ 2,087 $ 443
Short-term investments 500 —
Accounts receivable, net 2,496 2,527
Inventories 6,789 7,249
Other current assets 177 214
Total Current Assets 12,049 10,433
Non-Current Assets Property and equipment, at cost,
less accumulated depreciation and amortization 10,802 9,775
Goodwill 1,461 1,438
Other non-current assets 830 764
Total Non-Current Assets 13,093 11,977
Total Assets $25,142 $22,410
Liabilities and Shareholders’ Equity
Current Liabilities Short-term borrowings $15 $83
Trade accounts payable 4,308 4,289
Accrued expenses and other liabilities 2,406 2,272
Income taxes 40 —
Total Current Liabilities 6,769 6,644
Non-Current Liabilities Long-term debt 2,336 1,337
Deferred income taxes 265 150
Other non-current liabilities 1,396 1,410
Total Non-Current Liabilities 3,997 2,897
Commitments and Contingencies (see Note 11)
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 2009 and 2008 80 80
Paid-in capital 605 575
Employee stock loan receivable (140) (36)
Retained earnings 15,327 13,792
Accumulated other comprehensive income 37 9
Treasury stock at cost, 36,838,610 shares in 2009
and 36,223,782 shares in 2008 (1,533) (1,551)
Total Shareholders’ Equity 14,376 12,869
Total Liabilities and Shareholders’ Equity $25,142 $22,410
The accompanying Notes to Consolidated Financial Statements areintegral parts of these statements.
Page 26 2009 Walgreens Annual Report