Walmart 1998 Annual Report Download - page 27

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27
CONSOLIDATED BALANCE SHEETS
(Amounts in millions)
January 31, 1998 1997
Assets
Current Assets:
Cash and cash equivalents $1,447 $883
Receivables 976 845
Inventories
At replacement cost 16,845 16,193
Less LIFO reserve 348 296
Inventories at LIFO cost 16,497 15,897
Prepaid expenses and other 432 368
Total Current Assets 19,352 17,993
Property, Plant and Equipment, at Cost:
Land 4,691 3,689
Building and improvements 14,646 12,724
Fixtures and equipment 7,636 6,390
Transportation equipment 403 379
27,376 23,182
Less accumulated depreciation 5,907 4,849
Net property, plant and equipment 21,469 18,333
Property Under Capital Lease:
Property under capital lease 3,040 2,782
Less accumulated amortization 903 791
Net property under capital leases 2,137 1,991
Other Assets and Deferred Charges 2,426 1,287
Total Assets $ 45,384 $39,604
Liabilities and Shareholders’ Equity
Current Liabilities:
Accounts payable $9,126 $ 7,628
Accrued liabilities 3,628 2,413
Accrued income taxes 565 298
Long-term debt due within one year 1,039 523
Obligations under capital leases due within one year 102 95
Total Current Liabilities 14,460 10,957
Long-Term Debt 7,191 7,709
Long-Term Obligations Under Capital Leases 2,483 2,307
Deferred Income Taxes and Other 809 463
Minority Interest 1,938 1,025
Shareholders’ Equity
Preferred stock ($.10 par value; 100 shares authorized, none issued)
Common stock ($.10 par value; 5,500 shares authorized, 2,241
and 2,285 issued and outstanding in 1998 and 1997, respectively) 224 228
Capital in excess of par value 585 547
Retained earnings 18,167 16,768
Foreign currency translation adjustment (473) (400)
Total Shareholders’ Equity 18,503 17,143
Total Liabilities and Shareholders’ Equity $ 45,384 $39,604
See accompanying notes.