Walmart 2007 Annual Report Download - page 42

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Wal-Mart 2007 Annual Report 40
Consolidated Balance Sheets
(Amounts in millions except per share data)
January 31, 2007 2006
Assets
Current assets:
Cash and cash equivalents $ 7,373 $ 6,193
Receivables 2,840 2,575
Inventories 33,685 31,910
Prepaid expenses and other 2,690 2,468
Current assets of discontinued operations – 679
Total current assets 46,588 43,825
Property and equipment, at cost:
Land 18,612 16,174
Buildings and improvements 64,052 55,206
Fixtures and equipment 25,168 22,413
Transportation equipment 1,966 1,744
Property and equipment, at cost 109,798 95,537
Less accumulated depreciation (24,408) (20,937)
Property and equipment, net 85,390 74,600
Property under capital lease:
Property under capital lease 5,392 5,392
Less accumulated amortization (2,342) (2,127)
Property under capital lease, net 3,050 3,265
Goodwill 13,759 12,097
Other assets and deferred charges 2,406 2,516
Non-current assets of discontinued operations – 1,884
Total assets $151,193 $138,187
Liabilities and shareholders’ equity
Current liabilities:
Commercial paper $ 2,570 $ 3,754
Accounts payable 28,090 25,101
Accrued liabilities 14,675 13,274
Accrued income taxes 706 1,340
Long-term debt due within one year 5,428 4,595
Obligations under capital leases due within one year 285 284
Current liabilities of discontinued operations – 477
Total current liabilities 51,754 48,825
Long-term debt 27,222 26,429
Long-term obligations under capital leases 3,513 3,667
Non-current liabilities of discontinued operations – 129
Deferred income taxes and other 4,971 4,501
Minority interest 2,160 1,465
Commitments and contingencies
Shareholders’ equity:
Preferred stock ($0.10 par value; 100 shares authorized, none issued) – –
Common stock ($0.10 par value; 11,000 shares authorized, 4,131 and 4,165 issued
and outstanding at January 31, 2007 and January 31, 2006, respectively) 413 417
Capital in excess of par value 2,834 2,596
Retained earnings 55,818 49,105
Accumulated other comprehensive income 2,508 1,053
Total shareholders’ equity 61,573 53,171
Total liabilities and shareholders’ equity $151,193 $138,187
See accompanying notes.