CVS 2005 Annual Report Download - page 29

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27
CONSOLIDATED BALANCE SHEETS
CONSOLIDATED BALANCE SHEETS
In millions, except shares and per share amounts Dec. 31, 2005 Jan. 1, 2005
Assets:
Cash and cash equivalents $513.4 $392.3
Accounts receivable, net 1,839.6 1,764.2
Inventories 5,719.8 5,453.9
Deferred income taxes 241.1 243.1
Other current assets 78.8 66.0
Total current assets 8,392.7 7,919.5
Property and equipment, net 3,952.6 3,505.9
Goodwill 1,789.9 1,898.5
Intangible assets, net 802.2 867.9
Deferred income taxes 122.5 137.6
Other assets 223.5 217.4
Total assets $ 15,283.4 $ 14,546.8
Liabilities:
Accounts payable $2,467.5 $2,275.9
Accrued expenses 1,521.4 1,666.7
Short-term debt 253.4 885.6
Current portion of long-term debt 341.6 30.6
Total current liabilities 4,583.9 4,858.8
Long-term debt 1,594.1 1,925.9
Other long-term liabilities 774.2 774.9
Commitments and contingencies (Note 10)
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 4,165,000 shares December 31, 2005 and 4,273,000 shares at January 1, 2005 222.6 228.4
Common stock, par value $0.01: authorized 1,000,000,000 shares; issued 838,841,000 shares at
December 31, 2005 and 828,552,000 shares at January 1, 2005 8.4 8.3
Treasury stock, at cost: 24,533,000 shares at December 31, 2005 and 26,634,000 shares at January 1, 2005 (356.5) (385.9)
Guaranteed ESOP obligation (114.0) (140.9)
Capital surplus 1,922.4 1,687.3
Retained earnings 6,738.6 5,645.5
Accumulated other comprehensive loss (90.3) (55.5)
Total shareholders’ equity 8,331.2 6,987.2
Total liabilities and shareholders’ equity $ 15,283.4 $ 14,546.8
See accompanying notes to consolidated financial statements.