Walgreens 2014 Annual Report Download - page 67
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Consolidated Balance Sheets
Walgreen Co. and Subsidiaries
At August 31, 2014 and 2013
(In millions, except shares and per share amounts)
2014 2013
Assets
Current Assets
Cash and cash equivalents $ 2,646 $ 2,106
Accounts receivable, net 3,218 2,632
Inventories 6,076 6,852
Other current assets 302 284
Total Current Assets 12,242 11,874
Non-Current Assets
Property and equipment, at cost, less accumulated depreciation and amortization 12,257 12,138
Equity investment in Alliance Boots 7,248 6,261
Alliance Boots call option — 839
Goodwill 2,359 2,410
Other non-current assets 3,076 1,959
Total Non-Current Assets 24,940 23,607
Total Assets $37,182 $35,481
Liabilities and Equity
Current Liabilities
Short-term borrowings $ 774 $ 570
Trade accounts payable 4,315 4,635
Accrued expenses and other liabilities 3,701 3,577
Income taxes 105 101
Total Current Liabilities 8,895 8,883
Non-Current Liabilities
Long-term debt 3,736 4,477
Deferred income taxes 1,048 600
Other non-current liabilities 2,942 2,067
Total Non-Current Liabilities 7,726 7,144
Commitments and Contingencies (see Note 12)
Equity
Preferred stock, $.0625 par value; authorized 32 million shares; none issued — —
Common stock, $.078125 par value; authorized 3.2 billion shares; issued and
outstanding 1,028,180,150 shares in 2014 and 2013 80 80
Paid-in capital 1,172 1,074
Employee stock loan receivable (5) (11)
Retained earnings 22,229 21,523
Accumulated other comprehensive income (loss) 178 (98)
Treasury stock at cost, 77,793,261 shares in 2014 and 81,584,572 shares in 2013 (3,197) (3,114)
Total Walgreen Co. Equity 20,457 19,454
Noncontrolling interests 104 —
Total Equity 20,561 19,454
Total Liabilities and Equity $37,182 $35,481
The accompanying Notes to Consolidated Financial Statements are integral parts of these statements.
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