AbbVie 2014 Annual Report Download - page 65
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13NOV201221352027
AbbVie Inc. and Subsidiaries
Consolidated Balance Sheets
as of December 31 (in millions, except share data) 2014 2013
Assets
Current assets
Cash and equivalents $ 8,348 $ 9,595
Short-term investments 26 300
Accounts and other receivables, net 3,735 3,854
Inventories, net 1,124 1,150
Income tax receivable 556 949
Deferred income taxes 896 766
Prepaid expenses and other 1,403 1,234
Total current assets 16,088 17,848
Investments 92 118
Property and equipment, net 2,485 2,298
Intangible assets, net of amortization 1,513 1,890
Goodwill 5,862 6,277
Other assets 1,507 767
Total assets $27,547 $29,198
Liabilities and Equity
Current liabilities
Short-term borrowings $ 425 $ 413
Current portion of long-term debt and lease obligations 4,021 18
Accounts payable and accrued liabilities 6,954 6,448
Total current liabilities 11,400 6,879
Long-term liabilities 3,840 3,535
Long-term debt and lease obligations 10,565 14,292
Commitments and contingencies
Stockholders’ equity
Common stock, $0.01 par value, authorized 4,000,000,000 shares, issued
1,609,519,046 and 1,594,260,996 shares as of December 31, 2014 and 2013,
respectively 16 16
Common stock held in treasury, at cost, 18,129,715 and 6,900,434 shares as of
December 31, 2014 and 2013, respectively (972) (320)
Additional paid-in-capital 4,194 3,671
Retained earnings 535 1,567
Accumulated other comprehensive loss (2,031) (442)
Total stockholders’ equity 1,742 4,492
Total liabilities and equity $27,547 $29,198
The accompanying notes are an integral part of these consolidated financial statements.
2014 Form 10-K 59