Avon 2005 Annual Report Download - page 21

2005฀ANNUAL฀REPORT฀฀41
In millions
December 31 2005 2004
ASSETS
Current assets
Cash, including cash equivalents of $721.6 and $401.2 $1,058.7 $ 769.6
Accounts receivable (less allowances of $110.1 and $101.0) 634.1 599.1
Inventories 801.7 740.5
Prepaid expenses and other 426.4 397.2
Total current assets 2,920.9 2,506.4
Property, plant and equipment, at cost
Land 61.9 61.7
Buildings and improvements 901.3 886.8
Equipment 1,033.7 1,006.7
1,996.9 1,955.2
Less accumulated depreciation (946.1) (940.4)
1,050.8 1,014.8
Other assets 791.6 626.9
Total assets $4,763.3 $4,148.1
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Debt maturing within one year $ 882.5 $ 51.7
Accounts payable 538.2 490.1
Accrued compensation 226.1 248.5
Other accrued liabilities 456.3 360.1
Sales and taxes other than income 163.7 154.4
Income taxes 234.8 304.7
Total current liabilities 2,501.6 1,609.5
Long-term debt 766.5 866.3
Employee benefit plans 484.2 536.6
Deferred income taxes 34.3 12.1
Other liabilities (including minority interest of $39.9 and $42.5) 182.5 173.4
Total liabilities 3,969.1 3,197.9
Commitments and contingencies (Notes 12 and 14)
Shareholders’ equity
Common stock, par value $.25 – authorized 1,500 shares;
issued 731.37 and 728.61 shares 182.9 182.2
Additional paid-in capital 1,448.7 1,356.8
Retained earnings 3,233.1 2,693.5
Accumulated other comprehensive loss (740.9) (679.5)
Treasury stock, at cost – 279.89 and 257.08 shares (3,329.6) (2,602.8)
Total shareholders’ equity 794.2 950.2
Total liabilities and shareholders’ equity $4,763.3 $4,148.1
The accompanying notes are an integral part of these statements.
CONSOLIDATED฀BALANCE฀SHEETS