Tyson Foods 2008 Annual Report Download - page 33

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31 2008 Annual Report
September 27, 2008, and September 29, 2007
in millions, except share and per share data 2008 2007
Assets
Current Assets:
Cash and cash equivalents $ 250 $ 42
Accounts receivable, net 1,271 1,246
Inventories 2,538 2,159
Other current assets 143 70
Assets of discontinued operation held for sale 159 164
Total Current Assets 4,361 3,681
Net Property, Plant and Equipment 3,519 3,608
Goodwill 2,511 2,485
Intangible Assets 128 126
Other Assets 331 327
Total Assets $10,850 $10,227
Liabilities and Shareholders’ Equity
Current Liabilities:
Current debt $ 8 $ 137
Trade accounts payable 1,217 1,050
Other current liabilities 878 928
Total Current Liabilities 2,103 2,115
Long-Term Debt 2,888 2,642
Deferred Income Taxes 291 367
Other Liabilities 554 372
Shareholders’ Equity:
Common stock ($0.10 par value):
Class A-authorized 900 million shares:
issued 322 million shares in 2008 and 300 million shares in 2007 32 30
Convertible Class B-authorized 900 million shares:
issued 70 million shares in both 2008 and 2007 7 7
Capital in excess of par value 2,161 1,877
Retained earnings 3,006 2,993
Accumulated other comprehensive income 41 50
5,247 4,957
Less treasury stock, at cost – 15 million shares in 2008 and 14 million shares in 2007 233 226
Total Shareholders’ Equity 5,014 4,731
Total Liabilities and Shareholders’ Equity $10,850 $10,227
See accompanying notes.
Consolidated Balance Sheets