Pfizer 2007 Annual Report Download - page 42

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40 2007 Financial Report
Consolidated Balance Sheets
Pfizer Inc and Subsidiary Companies
AS OF DECEMBER 31,
_________________________________________
(MILLIONS, EXCEPT PREFERRED STOCK ISSUED AND PER COMMON SHARE DATA) 2007 2006
Assets
Cash and cash equivalents $ 3,406 $ 1,827
Short-term investments 22,069 25,886
Accounts receivable, less allowance for doubtful accounts: 2007—$223; 2006—$204 9,843 9,392
Short-term loans 617 514
Inventories 5,302 6,111
Prepaid expenses and taxes 5,498 3,866
Assets held for sale 114 62
Total current assets 46,849 47,658
Long-term investments and loans 4,856 3,892
Property, plant and equipment, less accumulated depreciation 15,734 16,632
Goodwill 21,382 20,876
Identifiable intangible assets, less accumulated amortization 20,498 24,350
Other assets, deferred taxes and deferred charges 5,949 2,138
Total assets $115,268 $115,546
Liabilities and Shareholders’ Equity
Short-term borrowings, including current portion of long-term debt: 2007—$1,024; 2006—$712 $ 5,825 $ 2,434
Accounts payable 2,270 2,019
Dividends payable 2,163 2,055
Income taxes payable 1,380 7,176
Accrued compensation and related items 1,974 1,903
Other current liabilities 8,223 6,510
Liabilities held for sale —2
Total current liabilities 21,835 22,099
Long-term debt 7,314 5,546
Pension benefit obligations 2,599 3,632
Postretirement benefit obligations 1,708 1,970
Deferred taxes 7,696 8,015
Other taxes payable 6,246 —
Other noncurrent liabilities 2,746 2,852
Total liabilities 50,144 44,114
Minority interests 114 74
Preferred stock, without par value, at stated value; 27 shares authorized;
issued: 2007—2,302; 2006—3,497 93 141
Common stock, $0.05 par value; 12,000 shares authorized; issued: 2007—8,850; 2006—8,819 442 441
Additional paid-in capital 69,913 69,104
Employee benefit trust (550) (788)
Treasury stock, shares at cost; 2007—2,089; 2006—1,695 (56,847) (46,740)
Retained earnings 49,660 49,669
Accumulated other comprehensive income/(expense) 2,299 (469)
Total shareholders’ equity 65,010 71,358
Total liabilities and shareholders’ equity $115,268 $115,546
See Notes to Consolidated Financial Statements, which are an integral part of these statements.