Chevron 2004 Annual Report Download - page 53

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CHEVRONTEXACO CORPORATION 2004 ANNUAL REPORT 51
At December 31
฀฀฀฀  2003

Cash and cash equivalents   $ 4,266
Marketable securities  1,001
Accounts and notes receivable (less allowance: 2004 – $174; 2003 – $179)  9,722
Inventories:
Crude oil and petroleum products  2,003
Chemicals  173
Materials, supplies and other  472
 2,648
Prepaid expenses and other current assets  1,789
  19,426
Long-term receivables, net  1,493
Investments and advances  12,319
Properties, plant and equipment, at cost  100,556
Less: Accumulated depreciation, depletion and amortization  56,018
 44,538
Deferred charges and other assets  2,594
Assets held for sale  1,100
   $ 81,470

Short-term debt   $ 1,703
Accounts payable  8,675
Accrued liabilities  3,172
Federal and other taxes on income  1,392
Other taxes payable  1,169
  16,111
Long-term debt  10,651
Capital lease obligations  243
Deferred credits and other noncurrent obligations  7,758
Noncurrent deferred income taxes  6,417
Reserves for employee benefit plans  3,727
Minority interests  268
  45,175
Preferred stock (authorized 100,000,000 shares, $1.00 par value; none issued) –
Common stock (authorized 4,000,000,000 shares, $0.75 par value; 2,274,032,014
and 2,274,042,114 shares issued at December 31, 2004 and 2003, respectively*)  1,706
Capital in excess of par value*  4,002
Retained earnings  35,315
Accumulated other comprehensive loss  (809)
Deferred compensation and benefit plan trust  (602)
Treasury stock, at cost (2004 – 166,911,890 shares; 2003 – 135,746,674 shares*)  (3,317)
  36,295
   $ 81,470
* 2003 restated to reflect a two-for-one stock split effected as a 100 percent stock dividend in September 2004.
See accompanying Notes to the Consolidated Financial Statements.
Consolidated Balance Sheet
Millions฀of฀dollars,฀except฀per-share฀amounts