Walgreens 2006 Annual Report Download - page 26

Consolidated Balance Sheets
Walgreen Co. and Subsidiaries at August 31, 2006 and 2005 (In Millions, except shares and per share amounts)
Assets 2006 2005
Current Assets Cash and cash equivalents $ 919.9 $ 576.8
Short-term investments – available for sale 415.1 494.8
Accounts receivable, net 2,062.7 1,396.3
Inventories 6,050.4 5,592.7
Other current assets 257.3 255.9
Total Current Assets 9,705.4 8,316.5
Non-Current Assets Property and equipment, at cost,
less accumulated depreciation and amortization 6,948.9 6,165.0
Other non-current assets 476.8 127.3
Total Assets $17,131.1 $14,608.8
Liabilities and Shareholders’ Equity
Current Liabilities Trade accounts payable $ 4,039.2 $ 2,918.2
Accrued expenses and other liabilities 1,713.3 1,491.9
Income taxes 2.8 70.9
Total Current Liabilities 5,755.3 4,481.0
Non-Current Liabilities Deferred income taxes 141.1 240.4
Other non-current liabilities 1,118.9 997.7
Total Non-Current Liabilities 1,260.0 1,238.1
Shareholders’ Equity Preferred stock, $.0625 par value;
authorized 32 million shares; none issued ——
Common stock, $.078125 par value; authorized 3.2 billion shares;
issued 1,025,400,000 shares in 2006 and 2005 80.1 80.1
Paid-in capital 558.5 565.0
Employee stock loan receivable (70.3) (76.8)
Retained earnings 10,311.7 8,836.3
Treasury stock at cost, 17,537,881 shares in 2006
and 11,887,953 shares in 2005 (764.2) (514.9)
Total Shareholders’ Equity 10,115.8 8,889.7
Total Liabilities and Shareholders’ Equity $17,131.1 $14,608.8
The accompanying Summary of Major Accounting Policies and the Notes to Consolidated Financial Statements
are integral parts of these statements.
Page 24 2006 Walgreens Annual Report