Walgreens 2010 Annual Report Download - page 28

Consolidated Balance Sheets
Walgreen Co. and Subsidiaries at August 31, 2010 and 2009 (In millions, except shares and per share amounts)
Assets 2010 2009
Current Assets Cash and cash equivalents $ 1,880 $ 2,087
Short-term investments — 500
Accounts receivable, net 2,450 2,496
Inventories 7,378 6,789
Other current assets 214 177
Total Current Assets 11,922 12,049
Non-Current Assets Property and equipment, at cost,
less accumulated depreciation and amortization 11,184 10,802
Goodwill 1,887 1,461
Other non-current assets 1,282 830
Total Non-Current Assets 14,353 13,093
Total Assets $ 26,275 $ 25,142
Liabilities and Shareholders’ Equity
Current Liabilities Short-term borrowings $ 12 $ 15
Trade accounts payable 4,585 4,308
Accrued expenses and other liabilities 2,763 2,406
Income taxes 73 40
Total Current Liabilities 7,433 6,769
Non-Current Liabilities Long-term debt 2,389 2,336
Deferred income taxes 318 265
Other non-current liabilities 1,735 1,396
Total Non-Current Liabilities 4,442 3,997
Commitments and Contingencies (see Note 10)
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 2010 and 2009 80 80
Paid-in capital 684 605
Employee stock loan receivable (87) (140)
Retained earnings 16,848 15,327
Accumulated other comprehensive (loss) income (24) 37
Treasury stock at cost, 86,794,947 shares in 2010
and 36,838,610 shares in 2009 (3,101) (1,533)
Total Shareholders’ Equity 14,400 14,376
Total Liabilities and Shareholders’ Equity $ 26,275 $ 25,142
The accompanying Notes to Consolidated Financial Statements are integral parts of these statements.
Page 26 2010 Walgreens Annual Report