CVS 2007 Annual Report Download - page 44

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40 I CVS Caremark

In millions, except per share amounts Dec. 29, 2007 Dec. 30, 2006
ASSETS:
Cash and cash equivalents $ 1,056.6 $ 530.7
Short-term investments 27.5 –
Accounts receivable, net 4,579.6 2,381.7
Inventories 8,008.2 7,108.9
Deferred income taxes 329.4 274.3
Other current assets 148.1 100.2
Total current assets 14,149.4 10,395.8
Property and equipment, net 5,852.8 5,333.6
Goodwill 23,922.3 3,195.2
Intangible assets, net 10,429.6 1,318.2
Deferred income taxes – 90.8
Other assets 367.8 240.5
Total assets $ 54,721.9 $ 20,574.1
LIABILITIES:
Accounts payable $ 3,593.0 $ 2,521.5
Claims and discounts payable 2,484.3 346.3
Accrued expenses 2,556.8 1,950.2
Short-term debt 2,085.0 1,842.7
Current portion of long-term debt 47.2 344.3
Total current liabilities 10,766.3 7,005.0
Long-term debt 8,349.7 2,870.4
Deferred income taxes 3,426.1 –
Other long-term liabilities 857.9 781.1
Commitments and contingencies (Note 11)
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 3,798,000 shares at
December 29, 2007 and 3,990,000 shares at December 30, 2006 203.0 213.3
Common stock, par value $0.01: authorized 3,200,000,000 shares; issued
1,590,139,000 shares at December 29, 2007 and 847,266,000 shares
at December 30, 2006 15.9 8.5
Treasury stock, at cost: 153,682,000 shares at December 29, 2007 and
21,529,000 shares at December 30, 2006 (5,620.4) (314.5)
Shares held in trust, 9,224,000 shares at December 29, 2007 (301.3) –
Guaranteed ESOP obligation (44.5) (82.1)
Capital surplus 26,831.9 2,198.4
Retained earnings 10,287.0 7,966.6
Accumulated other comprehensive loss (49.7) (72.6)
Total shareholders’ equity 31,321.9 9,917.6
Total liabilities and shareholders’ equity $ 54,721.9 $ 20,574.1
See accompanying notes to consolidated financial statements.