CVS 2011 Annual Report Download - page 50

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CVS CAREMARK 48 2011 ANNUAL REPORT
Consolidated Statements of Operations
December 31,
in millions, except per share amounts 2011 2010
Assets:
Cash and cash equivalents $ 1,413 $ 1,427
Short-term investments 5 4
Accounts receivable, net 6,047 4,925
Inventories 10,046 10,695
Deferred income taxes 503 511
Other current assets 580 144
Total current assets 18,594 17,706
Property and equipment, net 8,467 8,322
Goodwill 26,458 25,669
Intangible assets, net 9,869 9,784
Other assets 1,155 688
Total assets $ 64,543 $ 62,169
Liabilities:
Accounts payable $ 4,370 $ 4,026
Claims and discounts payable 3,487 2,569
Accrued expenses 3,293 3,070
Short-term debt 750 300
Current portion of long-term debt 56 1,105
Total current liabilities 11,956 11,070
Long-term debt 9,208 8,652
Deferred income taxes 3,853 3,655
Other long-term liabilities 1,445 1,058
Commitments and Contingencies (Note 13)
Redeemable noncontrolling interest 30 34
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; 1,640 shares issued
and 1,298 shares outstanding at December 31, 2011 and 1,624 shares issued
and 1,363 shares outstanding at December 31, 2010 16 16
Treasury stock, at cost: 340 shares at December 31, 2011 and 259 shares
at December 31, 2010 (11,953) (9,030)
Shares held in trust: 2 shares at December 31, 2011 and 2010 (56) (56)
Capital surplus 28,126 27,610
Retained earnings 22,090 19,303
Accumulated other comprehensive loss (172) (143)
Total shareholders’ equity 38,051 37,700
Total liabilities and shareholders’ equity $ 64,543 $ 62,169
See accompanying notes to consolidated financial statements.
Consolidated Balance Sheets
CVS CAREMARK 48 2011 ANNUAL REPORT
127087_Financial.indd 48 3/9/12 9:42 PM