Pfizer 2006 Annual Report Download - page 40

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38 2006 Financial Report
Consolidated Balance Sheets
Pfizer Inc and Subsidiary Companies
AS OF DECEMBER 31,
_________________________________________
(MILLIONS, EXCEPT PREFERRED STOCK ISSUED AND PER COMMON SHARE DATA) 2006 2005
Assets
Cash and cash equivalents $ 1,827 $ 2,247
Short-term investments 25,886 19,979
Accounts receivable, less allowance for doubtful accounts: 2006—$204; 2005—$174 9,392 9,103
Short-term loans 514 510
Inventories 6,111 5,478
Prepaid expenses and taxes 3,157 2,859
Assets of discontinued operations and other assets held for sale 62 6,659
Total current assets 46,949 46,835
Long-term investments and loans 3,892 2,497
Property, plant and equipment, less accumulated depreciation 16,632 16,233
Goodwill 20,876 20,985
Identifiable intangible assets, less accumulated amortization 24,350 26,244
Other assets, deferred taxes and deferred charges 2,138 4,176
Total assets $114,837 $116,970
Liabilities and Shareholders’ Equity
Short-term borrowings, including current portion of long-term debt: 2006—$712; 2005—$778 $ 2,434 $ 11,589
Accounts payable 2,019 2,073
Dividends payable 2,055 1,772
Income taxes payable 6,466 3,618
Accrued compensation and related items 1,903 1,602
Other current liabilities 6,510 6,521
Liabilities of discontinued operations and other liabilities held for sale 2 1,227
Total current liabilities 21,389 28,402
Long-term debt 5,546 6,347
Pension benefit obligations 3,632 2,681
Postretirement benefit obligations 1,970 1,424
Deferred taxes 8,015 9,707
Other noncurrent liabilities 2,927 2,645
Total liabilities 43,479 51,206
Shareholders’ Equity
Preferred stock, without par value, at stated value; 27 shares authorized;
issued: 2006—3,497; 2005—4,193 141 169
Common stock, $0.05 par value; 12,000 shares authorized; issued: 2006—8,819; 2005—8,784 441 439
Additional paid-in capital 69,104 67,759
Employee benefit trust (788) (923)
Treasury stock, shares at cost; 2006—1,695; 2005—1,423 (46,740) (39,767)
Retained earnings 49,669 37,608
Accumulated other comprehensive income/(expense) (469) 479
Total shareholders’ equity 71,358 65,764
Total liabilities and shareholders’ equity $114,837 $116,970
See Notes to Consolidated Financial Statements, which are an integral part of these statements.