CVS 2003 Annual Report Download - page 29

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JAN. 3, DEC. 28,
In millions, except shares and per share amounts 2004 2002
ASSETS:
Cash and cash equivalents $ 843.2 $ 700.4
Accounts receivable, net 1,349.6 1,019.3
Inventories 4,016.5 4,013.9
Deferred income taxes 252.1 216.4
Other current assets 35.1 32.1
TOTAL CURRENT ASSETS 6,496.5 5,982.1
Property and equipment, net 2,542.1 2,215.8
Goodwill 889.0 878.9
Intangible assets, net 403.7 351.4
Deferred income taxes —6.6
Other assets 211.8 210.5
TOTALASSETS $ 10,543.1 $ 9,645.3
LIABILITIES:
Accounts payable $ 1,666.4 $ 1,707.9
Accrued expenses 1,499.6 1,361.2
Short-term debt —4.8
Current portion of long-term debt 323.2 32.0
TOTAL CURRENT LIABILITIES 3,489.2 3,105.9
Long-term debt 753.1 1,076.3
Deferred income taxes 41.6 —
Other long-term liabilities 237.4 266.1
Commitments and contingencies (Note 9)
SHAREHOLDERS’ EQUITY:
Preferred stock, $0.01 par value: authorized 120,619 shares;
no shares issued or outstanding ——
Preference stock, series one ESOP convertible, par value $1.00: authorized
50,000,000 shares; issued and outstanding 4,541,000 shares at January 3, 2004
and 4,685,000 shares at December 28, 2002 242.7 250.4
Common stock, par value $0.01: authorized 1,000,000,000 shares; issued
410,187,000 shares at January 3, 2004 and 409,286,000 shares at December 28, 2002 4.1 4.1
Treasury stock, at cost: 14,803,000 shares at January 3, 2004 and
16,215,000 shares at December 28, 2002 (428.6) (469.5)
Guaranteed ESOP obligation (163.2) (194.4)
Capital surplus 1,557.2 1,546.6
Retained earnings 4,846.5 4,104.4
Accumulated other comprehensive loss (36.9) (44.6)
TOTALSHAREHOLDERS’ EQUITY 6,021.8 5,197.0
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 10,543.1 $ 9,645.3
See accompanying notes to consolidated financial statements.
Consolidated Balance Sheets
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