Sunoco 2004 Annual Report Download - page 49

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Consolidated Balance Sheets Sunoco, Inc. and Subsidiaries
(Millions of Dollars)
At December 31 2004 2003*
Assets
Current Assets
Cash and cash equivalents $ 405 $ 431
Accounts and notes receivable, net 1,271 1,056
Inventories (Note 6) 765 494
Deferred income taxes (Note 4) 110 91
Total Current Assets 2,551 2,072
Investments and long-term receivables (Note 7) 115 143
Properties, plants and equipment, net (Note 8) 4,966 4,405
Prepaid retirement costs (Note 9) 11 11
Deferred charges and other assets (Note 2) 436 422
Total Assets $ 8,079 $ 7,053
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable $ 2,109 $ 1,365
Accrued liabilities 461 435
Short-term borrowings (Note 10) 100 —
Current portion of long-term debt (Note 11) 3103
Taxes payable 349 242
Total Current Liabilities 3,022 2,145
Long-term debt (Note 11) 1,379 1,498
Retirement benefit liabilities (Note 9) 539 604
Deferred income taxes (Note 4) 755 602
Other deferred credits and liabilities (Note 12) 247 208
Commitments and contingent liabilities (Note 12)
Minority interests (Note 13) 530 440
Shareholders’ Equity (Notes 14 and 15)
Common stock, par value $1 per share
Authorized—200,000,000 shares;
Issued, 2004—139,124,438 shares;
Issued, 2003—136,801,064 shares 139 137
Capital in excess of par value 1,656 1,552
Earnings employed in the business 2,895 2,376
Accumulated other comprehensive loss (164) (187)
Common stock held in treasury, at cost
2004—69,796,598 shares;
2003—61,420,158 shares (2,919) (2,322)
Total Shareholders’ Equity 1,607 1,556
Total Liabilities and Shareholders’ Equity $ 8,079 $ 7,053
*Restated to reflect the consolidation of the Epsilon joint venture, effective January 1, 2003, in connection with the adoption of FASB Interpretation No. 46, “Consolidation of
Variable Interest Entities,” in the first quarter of 2004 (Note 1).
(See Accompanying Notes)
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