TABLE 14.1 : Balance Sheets for Walgreens ($ millions) 2012 2011 2010 2009 Cash & Cash

QUESTION

TABLE 14.1: Balance Sheets for Walgreens ($ millions) 2012 2011 2010 2009 Cash & Cash Equivalents 1,297 1,556 1,880 2,087 Short-Term Investments 0 0 0 500 Accounts Receivable 2,167 2,497 2,450 2,496 Inventories 7,036 8,044 7,378 6,789 Other Current Assets 260 225 214 177 Total Current Assets 10,760 12,322 11,922 12,049 Net Fixed Assets 12,038 11,526 11,184 10,802 Other Long-Term Assets 8,503 1,589 168 830 Goodwill & Intangibles 2,161 2,017 3,001 1,461 Total Fixed Assets 22,702 15,132 14,353 13,093 TOTAL ASSETS 33,462 27,454 26,275 25,142 Accounts Payable 4,384 4,810 4,585 4,308 Short-Term Debt 1,319 13 12 15 Other Current Liabilities 3,019 3,260 2,836 2,446 Total Current Liabilities 8,722 8,083 7,433 6,769 Long-Term Debt 4,073 2,396 2,389 2,336 Other Liabilities 2,431 2,128 2,053 1,661 TOTAL LIABILITIES 15,226 12,607 11,875 10,766 Preferred Equity 0 0 0 0 Common Equity + Retained Earnings 18,236 14,847 14,400 14,376 STOCKHOLDERS EQUITY 18,236 14,847 14,400 14,376 TOTAL LIABILITIES & EQUITY 33,462 27,454 26,275 25,142 TABLE 14.2: Income Statements for Walgreens ($ millions) 2012 2011 2010 2009 Revenue 71,633 72,184 67,420 63,335 Cost of Goods Sold 50,125 51,692 47,414 44,895 Selling, General and Administrative 16,878 16,561 15,518 14,209 Depreciation & Amortization 1,166 0 1,030 975 Operating Income 3,464 3,931 3,458 3,256 Interest Expense 88 71 85 83 Other Expenses (Income) 0 -434 0 9 Income Before Taxes 3,376 4,294 3,373 3,164 Income Taxes 1,249 1,580 1,282 1,158 Net Income 2,127 2,714 2,091 2,006 Earnings Per Share 2.42 2.94 2.12 2.02

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