Walgreens 2012 Annual Report Download - page 30

28 2012 Walgreens Annual Report
Consolidated Balance Sheets
Walgreen Co. and Subsidiaries at August 31, 2012 and 2011 (In millions, except shares and per share amounts)
Assets 2012 2011
Current Assets Cash and cash equivalents $ 1,297 $ 1,556
Accounts receivable, net 2,167 2,497
Inventories 7,036 8,044
Other current assets 260 225
Total Current Assets 10,760 12,322
Non-Current Assets Property and equipment, at cost,
less accumulated depreciation and amortization 12,038 11,526
Equity investment in Alliance Boots 6,140 —
Alliance Boots call option 866 —
Goodwill 2,161 2,017
Other non-current assets 1,497 1,589
Total Non-Current Assets 22,702 15,132
Total Assets $ 33,462 $ 27,454
Liabilities and Shareholders’ Equity
Current Liabilities Short-term borrowings $ 1,319 $ 13
Trade accounts payable 4,384 4,810
Accrued expenses and other liabilities 3,019 3,075
Income taxes — 185
Total Current Liabilities 8,722 8,083
Non-Current Liabilities Long-term debt 4,073 2,396
Deferred income taxes 545 343
Other non-current liabilities 1,886 1,785
Total Non-Current Liabilities 6,504 4,524
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 1,028,180,150 shares in 2012 and 1,025,400,000 shares in 2011 80 80
Paid-in capital 936 834
Employee stock loan receivable (19) (34)
Retained earnings 20,156 18,877
Accumulated other comprehensive income 68 16
Treasury stock at cost, 84,124,816 shares in 2012
and 136,105,870 shares in 2011 (2,985) (4,926)
Total Shareholders’ Equity 18,236 14,847
Total Liabilities and Shareholders’ Equity $ 33,462 $ 27,454
The accompanying Notes to Consolidated Financial Statements are integral parts of these statements.