CVS 2004 Annual Report Download - page 31
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In millions, except shares and per share amounts 2005 2004
ASSETS:
Cash and cash equivalents $392.3 $ 843.2
Accounts receivable, net 1,764.2 1,349.6
Inventories 5,453.9 4,016.5
Deferred income taxes 243.1 252.1
Other current assets 66.0 35.1
Total current assets 7,919.5 6,496.5
Property and equipment, net 3,505.9 2,542.1
Goodwill 1,898.5 889.0
Intangible assets, net 867.9 403.7
Deferred income taxes 137.6 —
Other assets 217.4 211.8
Total assets $14,546.8 $ 10,543.1
LIABILITIES:
Accounts payable $2,275.9 $ 1,666.4
Accrued expenses 1,666.7 1,499.6
Short-term debt 885.6 —
Current portion of long-term debt 30.6 323.2
Total current liabilities 4,858.8 3,489.2
Long-term debt 1,925.9 753.1
Deferred income taxes — 41.6
Other long-termliabilities 774.9 237.4
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 4,273,000 shares at January 1, 2005
and 4,541,000 shares at January 3, 2004 228.4 242.7
Common stock, par value $0.01: authorized 1,000,000,000 shares; issued
414,276,000 shares at January 1, 2005 and 410,187,000 shares at January 3, 2004 4.2 4.1
Treasury stock, at cost: 13,317,000 shares at January 1, 2005 and
14,803,000 shares at January 3, 2004 (385.9) (428.6)
Guaranteed ESOP obligation (140.9) (163.2)
Capital surplus 1,691.4 1,557.2
Retained earnings 5,645.5 4,846.5
Accumulated other comprehensive loss (55.5) (36.9)
Total shareholders’ equity 6,987.2 6,021.8
Total liabilities and shareholders’ equity $14,546.8 $ 10,543.1
See accompanying notes to consolidated financial statements.
Consolidated Balance Sheets
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