Home Depot 2008 Annual Report Download - page 34

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THE HOME DEPOT, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
amounts in millions, except share and per share data February 1,
2009
February 3,
2008
ASSETS
Current Assets:
Cash and Cash Equivalents $ 519 $ 445
Short-Term Investments 612
Receivables, net 972 1,259
Merchandise Inventories 10,673 11,731
Other Current Assets 1,192 1,227
Total Current Assets 13,362 14,674
Property and Equipment, at cost:
Land 8,301 8,398
Buildings 16,961 16,642
Furniture, Fixtures and Equipment 8,741 8,050
Leasehold Improvements 1,359 1,390
Construction in Progress 625 1,435
Capital Leases 490 497
36,477 36,412
Less Accumulated Depreciation and Amortization 10,243 8,936
Net Property and Equipment 26,234 27,476
Notes Receivable 36 342
Goodwill 1,134 1,209
Other Assets 398 623
Total Assets $41,164 $44,324
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Short-Term Debt $— $ 1,747
Accounts Payable 4,822 5,732
Accrued Salaries and Related Expenses 1,129 1,094
Sales Taxes Payable 337 445
Deferred Revenue 1,165 1,474
Income Taxes Payable 289 60
Current Installments of Long-Term Debt 1,767 300
Other Accrued Expenses 1,644 1,854
Total Current Liabilities 11,153 12,706
Long-Term Debt, excluding current installments 9,667 11,383
Other Long-Term Liabilities 2,198 1,833
Deferred Income Taxes 369 688
Total Liabilities 23,387 26,610
STOCKHOLDERS’ EQUITY
Common Stock, par value $0.05; authorized: 10 billion shares; issued 1.707 billion shares at
February 1, 2009 and 1.698 billion shares at February 3, 2008; outstanding 1.696 billion shares at
February 1, 2009 and 1.690 billion shares at February 3, 2008 85 85
Paid-In Capital 6,048 5,800
Retained Earnings 12,093 11,388
Accumulated Other Comprehensive Income (Loss) (77) 755
Treasury Stock, at cost, 11 million shares at February 1, 2009 and 8 million shares at February 3, 2008 (372) (314)
Total Stockholders’ Equity 17,777 17,714
Total Liabilities and Stockholders’ Equity $41,164 $44,324
See accompanying Notes to Consolidated Financial Statements.
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