CVS 2014 Annual Report Download - page 56

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CVS Health
54
DECEMBER 31,
IN MILLIONS, EXCEPT PER SHARE AMOUNTS
2014 2013
Assets:
Cash and cash equivalents
$ 2,481
$ 4,089
Short-term investments
34
88
Accounts receivable, net
9,687
8,729
Inventories
11,930
11,045
Deferred income taxes
985
902
Other current assets
866
472
Total current assets
25,983
25,325
Property and equipment, net
8,843
8,615
Goodwill
28,142
26,542
Intangible assets, net
9,774
9,529
Other assets
1,510
1,515
Total assets
$ 74,252
$ 71,526
Liabilities:
Accounts payable
$ 6,547
$ 5,548
Claims and discounts payable
5,404
4,548
Accrued expenses
5,816
4,768
Short-term debt
685
—
Current portion of long-term debt
575
561
Total current liabilities
19,027
15,425
Long-term debt
11,695
12,841
Deferred income taxes
4,036
3,901
Other long-term liabilities
1,531
1,421
Commitments and contingencies (Note 11)
—
—
Shareholders’ equity:
CVS Health 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; 1,691 shares issued
and 1,140 shares outstanding at December 31, 2014 and 1,680 shares issued
and 1,180 shares outstanding at December 31, 2013
17
17
Treasury stock, at cost: 550 shares at December 31, 2014 and
500 shares at December 31, 2013
(24,078)
(20,169)
Shares held in trust: 1 share at December 31, 2014 and 2013
(31)
(31)
Capital surplus
30,418
29,777
Retained earnings
31,849
28,493
Accumulated other comprehensive income (loss)
(217)
(149)
Total CVS Health shareholders’ equity
37,958
37,938
Noncontrolling interest
5
—
Total shareholders’ equity
37,963
37,938
Total liabilities and shareholders’ equity
$ 74,252
$ 71,526
See accompanying notes to consolidated financial statements.
Consolidated Balance Sheets