CVS 2010 Annual Report Download - page 50

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Consolidated Balance Sheets
December 31,
in millions, except per share amounts 2010 2009
Assets:
Cash and cash equivalents $ 1,427 $ 1,086
Short-term investments 4 5
Accounts receivable, net 4,925 5,457
Inventories 10,695 10,343
Deferred income taxes 511 506
Other current assets 144 140
Total current assets 17,706 17,537
Property and equipment, net 8,322 7,923
Goodwill 25,669 25,680
Intangible assets, net 9,784 10,127
Other assets 688 374
Total assets $ 62,169 $ 61,641
Liabilities:
Accounts payable $ 4,026 $ 3,560
Claims and discounts payable 2,569 3,075
Accrued expenses 3,070 3,246
Short-term debt 300 315
Current portion of long-term debt 1,105 2,104
Total current liabilities 11,070 12,300
Long-term debt 8,652 8,756
Deferred income taxes 3,655 3,678
Other long-term liabilities 1,058 1,102
Commitments and contingencies (Note 12)
Redeemable noncontrolling interest 34 37
Shareholders’ equity:
Preferred stock, par value $0.01: 0.1 shares authorized; none issued or outstanding – –
Common stock, par value $0.01: 3,200 shares authorized; 1,624 shares issued
and 1,363 shares outstanding at December 31, 2010 and 1,612 shares issued
and 1,391 shares outstanding at December 31, 2009 16 16
Treasury stock, at cost: 259 shares at December 31, 2010 and 219 shares
at December 31, 2009 (9,030) (7,610)
Shares held in trust: 2 shares at December 31, 2010 and 2009 (56) (56)
Capital surplus 27,610 27,198
Retained earnings 19,303 16,355
Accumulated other comprehensive loss (143) (135)
Total shareholders’ equity 37,700 35,768
Total liabilities and shareholders’ equity $ 62,169 $ 61,641
See accompanying notes to consolidated financial statements.
– 46 –
CVS Caremark 2010 Annual Report