Sunoco 2008 Annual Report Download - page 70
Download and view the complete annual report
Please find page 70 of the 2008 Sunoco 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.-
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
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
 |
 |
Sunoco, Inc. and Subsidiaries
Consolidated Balance Sheets
(Millions of Dollars)
At December 31
2008 2007
Assets
Current Assets
Cash and cash equivalents .............................................. $ 240 $ 648
Accounts and notes receivable, net ....................................... 1,636 2,710
Inventories (Note 6) .................................................... 821 1,150
Deferred income taxes (Note 4) .......................................... 138 130
Total current assets .................................................... 2,835 4,638
Investments and long-term receivables (Note 7) ............................ 173 175
Properties, plants and equipment, net (Note 8) ............................. 7,799 7,039
Deferred charges and other assets (Note 10) ............................... 343 574
Total assets .......................................................... $11,150 $12,426
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable ..................................................... $ 2,409 $ 4,812
Accrued liabilities ...................................................... 731 631
Short-term borrowings (Note 11) ......................................... 310 —
Current portion of long-term debt (Note 12) ................................ 148 4
Taxes payable ........................................................ 339 193
Total current liabilities .................................................. 3,937 5,640
Long-term debt (Note 12) ............................................... 1,705 1,724
Retirement benefit liabilities (Note 9) ...................................... 836 525
Deferred income taxes (Note 4) .......................................... 859 1,027
Other deferred credits and liabilities (Note 13) .............................. 533 538
Commitments and contingent liabilities (Note 14)
Minority interests (Note 15) ............................................. 438 439
Shareholders’ Equity (Notes 16 and 17)
Common stock, par value $1 per share
Authorized—400,000,000 shares;
Issued, 2008—281,141,020 shares;
Issued, 2007—281,079,728 shares ..................................... 281 281
Capital in excess of par value ............................................ 1,667 1,662
Retained earnings ..................................................... 6,010 5,372
Accumulated other comprehensive loss ................................... (477) (193)
Common stock held in treasury, at cost
2008—164,263,232 shares;
2007—163,472,983 shares ............................................ (4,639) (4,589)
Total shareholders’ equity ............................................... 2,842 2,533
Total liabilities and shareholders’ equity ................................... $11,150 $12,426
(See Accompanying Notes)
62