Cardinal Health 2008 Annual Report Download - page 89

CARDINAL HEALTH, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
June 30,
2008
June 30,
2007
(In millions)
ASSETS
Current assets:
Cash and equivalents .................................................. $ 1,291.3 $ 1,308.8
Short-term investments available for sale .................................. — 132.0
Trade receivables, net ................................................. 5,006.9 4,714.4
Current portion of net investment in sales-type leases ........................ 383.7 354.8
Inventories .......................................................... 6,768.8 7,383.2
Prepaid expenses and other ............................................. 593.1 651.3
Assets held for sale ................................................... 140.4 —
Total current assets ............................................... $14,184.2 $14,544.5
Property and equipment, at cost:
Land, buildings and improvements ....................................... 1,099.6 1,060.7
Machinery and equipment .............................................. 2,487.3 2,330.3
Furniture and fixtures ................................................. 145.9 146.2
Total property and equipment, at cost ................................. $ 3,732.8 $ 3,537.2
Accumulated depreciation and amortization ................................ (1,995.6) (1,890.2)
Property and equipment, net ............................................ $ 1,737.2 $ 1,647.0
Other assets:
Net investment in sales-type leases, less current portion ...................... 916.8 820.7
Goodwill and other intangibles, net ...................................... 6,225.9 5,860.9
Other .............................................................. 384.1 280.7
Total assets ..................................................... $23,448.2 $23,153.8
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term obligations and other short-term borrowings ........ $ 159.0 $ 16.0
Accounts payable .................................................... 8,311.8 9,162.2
Other accrued liabilities ............................................... 1,889.7 2,247.3
Liabilities from businesses held for sale and discontinued operations ............ 15.4 34.2
Total current liabilities ............................................ $10,375.9 $11,459.7
Long-term obligations, less current portion and other short-term borrowings .......... 3,687.4 3,457.3
Deferred income taxes and other liabilities ..................................... 1,637.4 859.9
Shareholders’ equity:
Preferred Shares, without par value
Authorized—0.5 million shares, Issued—none ......................... — —
Common Shares, without par value
Authorized—755.0 million shares, Issued—364.7 million shares and
493.0 million shares at June 30, 2008 and 2007, respectively ............ 3,001.2 3,931.3
Retained earnings .................................................... 5,016.2 11,539.9
Common Shares in treasury, at cost, 7.6 million shares and 124.9 million shares at
June 30, 2008 and 2007, respectively ................................... (480.7) (8,215.3)
Accumulated other comprehensive income ................................ 210.8 121.0
Total shareholders’ equity .......................................... $ 7,747.5 $ 7,376.9
Total liabilities and shareholders’ equity .............................. $23,448.2 $23,153.8
The accompanying notes are an integral part of these consolidated statements.
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