Walmart 1999 Annual Report Download - page 27

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27
(Amounts in millions)
January 31, 1999 1998
Assets
Current Assets:
Cash and cash equivalents $1,879 $ 1, 447
Receivables 1,118 976
Inventories
At replacement cost 17,549 16,845
Less LIFO reserve 473 348
Inventories at LIFO cost 17,076 16,497
Prepaid expenses and other 1,059 432
Total Current Assets 21,132 19,352
Property, Plant and Equipment, at Cost:
Land 5,219 4,691
Building and improvements 16,061 14,646
Fixtures and equipment 9,296 7,636
Transportation equipment 553 403
31,129 27,376
Less accumulated depreciation 7,455 5,907
Net property, plant and equipment 23,674 21,469
Property Under Capital Lease:
Property under capital lease 3,335 3.040
Less accumulated amortization 1,036 903
Net property under capital leases 2,299 2,137
Other Assets and Deferred Charges 2,891 2,426
Total Assets $ 49,996 $ 45,384
Liabilities and Shareholders’ Equity
Current Liabilities:
Accounts payable $ 10,257 $ 9,126
Accrued liabilities 4,998 3,628
Accrued income taxes 501 565
Long-term debt due within one year 900 1,039
Obligations under capital leases due within one year 106 102
Total Current Liabilities 16,762 14,460
Long-Term Debt 6,908 7,191
Long-Term Obligations Under Capital Leases 2,699 2,483
Deferred Income Taxes and Other 716 809
Minority Interest 1,799 1,938
Shareholders’ Equity
Preferred stock ($.10 par value; 100 shares authorized, none issued)
Common stock ($.10 par value; 5,500 shares authorized, 4,448
and 2,241 issued and outstanding in 1999 and 1998, respectively) 445 224
Capital in excess of par value 435 585
Retained earnings 20,741 18,167
Other accumulated comprehensive income (509) (473)
Total Shareholders’ Equity 21,112 18,503
Total Liabilities and Shareholders’ Equity $ 49,996 $ 45,384
See accompanying notes.
CONSOLIDATED BALANCE SHEETS