Walgreens 2011 Annual Report Download - page 28

Consolidated Balance Sheets
Walgreen Co. and Subsidiaries at August 31, 2011 and 2010 (In millions, except shares and per share amounts)
Assets 2011 2010
Current Assets Cash and cash equivalents $ 1,556 $ 1,880
Accounts receivable, net 2,497 2,450
Inventories 8,044 7,378
Other current assets 225 214
Total Current Assets 12,322 11,922
Non-Current Assets Property and equipment, at cost,
less accumulated depreciation and amortization 11,526 11,184
Goodwill 2,017 1,887
Other non-current assets 1,589 1,282
Total Non-Current Assets 15,132 14,353
Total Assets $ 27,454 $ 26,275
Liabilities and Shareholders’ Equity
Current Liabilities Short-term borrowings $ 13 $ 12
Trade accounts payable 4,810 4,585
Accrued expenses and other liabilities 3,075 2,763
Income taxes 185 73
Total Current Liabilities 8,083 7,433
Non-Current Liabilities Long-term debt 2,396 2,389
Deferred income taxes 343 318
Other non-current liabilities 1,785 1,735
Total Non-Current Liabilities 4,524 4,442
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 2011 and 2010 80 80
Paid-in capital 834 684
Employee stock loan receivable (34) (87)
Retained earnings 18,877 16,848
Accumulated other comprehensive income (loss) 16 (24)
Treasury stock at cost, 136,105,870 shares in 2011
and 86,794,947 shares in 2010 (4,926) (3,101)
Total Shareholders’ Equity 14,847 14,400
Total Liabilities and Shareholders’ Equity $ 27,454 $ 26,275
The accompanying Notes to Consolidated Financial Statements are integral parts of these statements.
Page 26 2011 Walgreens Annual Report