Canon 2008 Annual Report Download - page 45

Download and view the complete annual report

Please find page 45 of the 2008 Canon annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 102

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102

43
FINANCIAL SECTION
TABLE OF Contents
FINANCIAL OVERVIEW ..................................................................................... 44
TEN-YEAR FINANCIAL SUMMARY ................................................................... 62
CONSOLIDATED BALANCE SHEETS .................................................................. 64
CONSOLIDATED STATEMENTS OF INCOME ..................................................... 65
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY ......................... 66
CONSOLIDATED STATEMENTS OF CASH FLOWS ............................................. 67
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS .................................... 68
1 Basis of Presentation and Signifi cant Accounting Policies
2 Basis of Financial Statement Translation ......................................... 72
3 Foreign Operations ............................................................................ 73
4 Investments
5 Trade Receivables .............................................................................. 75
6 Inventories
7 Property, Plant and Equipment
8 Finance Receivables and Operating Leases ...................................... 76
9 Acquisitions
10 Goodwill and Other Intangible Assets ............................................. 77
11 Short-Term Loans and Long-Term Debt ........................................... 78
12 Trade Payables
13 Employee Retirement and Severance Benefi ts ............................... 79
14 Income Taxes ..................................................................................... 83
15 Common Stock .................................................................................. 85
16 Legal Reserve and Retained Earnings .............................................. 86
17 Other Comprehensive Income (Loss)
18 Stock-Based Compensation ................................................................88
19 Net Income per Share ....................................................................... 89
20 Derivatives and Hedging Activities
21 Commitments and Contingent Liabilities ........................................ 90
22 Disclosures about the Fair Value of Financial Instruments and
Concentrations of Credit Risk ........................................................... 92
23 Fair Value Measurements ................................................................. 93
MANAGEMENT’S REPORT ON INTERNAL CONTROL
OVER FINANCIAL REPORTING .......................................................................... 95
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ........... 96