Kodak 2003 Annual Report Download - page 41

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Financials
41
At December 31,
(in millions, except share and per share data) 2003 2002
Assets
Current Assets
Cash and cash equivalents $ 1,250 $ 569
Receivables, net 2,389 2,234
Inventories, net 1,075 1,062
Deferred income taxes 610 512
Other current assets 131 157
Total current assets 5,455 4,534
Property, plant and equipment, net 5,094 5,420
Goodwill 1,384 981
Other long-term assets 2,885 2,559
Total Assets $ 14,818 $ 13,494
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable and other current liabilities $ 3,707 $ 3,351
Short-term borrowings 946 1,442
Accrued income taxes 654 709
Total current liabilities 5,307 5,502
Long-term debt, net of current portion 2,302 1,164
Postretirement liabilities 3,344 3,412
Other long-term liabilities 601 639
Total liabilities 11,554 10,717
Commitments and Contingencies (Note 11)
Shareholders’ Equity
Common stock, $2.50 par value; 950,000,000 shares authorized;
391,292,760 shares issued in 2003 and 2002;
286,580,671 and 285,933,179 shares outstanding in 2003 and 2002 978 978
Additional paid in capital 850 849
Retained earnings 7,527 7,611
Accumulated other comprehensive loss (231) (771)
Unearned restricted stock (8)
9,116 8,667
Treasury stock, at cost
104,712,089 shares in 2003 and 105,359,581 shares in 2002 5,852 5,890
Total shareholders’ equity 3,264 2,777
Total Liabilities and Shareholders’ Equity $ 14,818 $ 13,494
The accompanying notes are an integral part of these consolidated financial statements.
Eastman Kodak Company
Consolidated Statement of Financial Position