CVS 2009 Annual Report Download - page 49

Download and view the complete annual report

Please find page 49 of the 2009 CVS annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 80

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

Consolidated Balance Sheets
December 31,
in millions, except per share amounts 2009 2008
ASSETS:
Cash and cash equivalents $ 1,086 $ 1,352
Short-term investments 5 –
Accounts receivable, net 5,457 5,384
Inventories 10,343 9,153
Deferred income taxes 506 435
Other current assets 140 202
Total current assets 17,537 16,526
Property and equipment, net 7,923 8,125
Goodwill 25,680 25,494
Intangible assets, net 10,127 10,446
Other assets 374 369
Total assets $ 61,641 $ 60,960
LIABILITIES:
Accounts payable $ 3,560 $ 3,801
Claims and discounts payable 3,075 2,814
Accrued expenses 3,246 3,178
Short-term debt 315 3,044
Current portion of long-term debt 2,104 653
Total current liabilities 12,300 13,490
Long-term debt 8,756 8,057
Deferred income taxes 3,678 3,702
Other long-term liabilities 1,102 1,137
Commitments and contingencies (Note 12)
Redeemable noncontrolling interest 37 –
SHAREHOLDERS’ EQUITY:
Preferred stock, par value $0.01: 0.1 shares authorized; none issued or outstanding – –
Preference stock, series one ESOP convertible, par value $1.00: 50 shares
authorized; no issued and outstanding shares at December 31, 2009 and
4 shares issued and outstanding at December 31, 2008 – 191
Common stock, par value $0.01: 3,200 shares authorized; 1,612 shares issued
and 1,391 shares outstanding at December 31, 2009 and 1,603 shares issued
and 1,436 shares outstanding at December 31, 2008 16 16
Treasury stock, at cost: 219 shares at December 31, 2009 and 165 shares
at December 31, 2008 (7,610) (5,812)
Shares held in trust: 2 shares at December 31, 2009 and 2008 (56) (56)
Capital surplus 27,198 27,280
Retained earnings 16,355 13,098
Accumulated other comprehensive loss (135) (143)
Total shareholders’ equity 35,768 34,574
Total liabilities and shareholders’ equity $ 61,641 $ 60,960
See accompanying notes to consolidated financial statements.
2009 Annual Report 45