| Balance Sheet | | | | | | | (In millions except per share data) | | | | | | | | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | | Assets | | | | | | | Current Assets | | | | | | | Cash & cash equivalents | $8,442 | $10,414 | $8,958 | $7,309 | $8,555 | | Short-term Investments | $5,017 | $6,707 | $9,052 | $8,322 | $9,595 | | Marketable securities | $3,092 | $3,147 | $3,665 | $4,269 | $4,051 | | Total Cash | $16,551 | $20,268 | $21,675 | $19,900 | $22,201 | | Trade accounts receivable | $4,759 | $4,873 | $4,466 | $3,941 | $3,856 | | Inventories | $3,264 | $3,277 | $3,100 | $2,902 | $2,675 | | Prepaid expense and other assets | $2,781 | $2,886 | $3,066 | $2,752 | $2,481 | | Assets held for sale | $2,973 | $0 | $679 | $3,900 | $2,797 | | Total current assets | $30,328 | $31,304 | $32,986 | $33,395 | $34,010 | | Non-current assets | | | | | | | Gross property, plant and equipment | $23,486 | $25,032 | $25,258 | $22,354 | $21,256 | | Accumulated Depreciation | ($9,010) | ($10,065) | ($10,625) | ($9,783) | ($10,621) | | Net property, plant and equipment | $14,476 | $14,967 | $14,633 | $12,571 | $10,635 | | Equity and other investments | $10,448 | $11,512 | $13,625 | $15,788 | $17,249 | | Goodwill | $12,255 | $12,312 | $12,100 | $11,289 | $10,629 | | Intangible assets | $15,082 | $15,299 | $14,272 | $12,843 | $10,499 | | Other long-term assets | $3,585 | $4,661 | $4,407 | $4,207 | $4,248 | | Total non-current assets | $55,846 | $58,751 | $59,037 | $56,698 | $53,260 | | Total Assets | $86,174 | $90,055 | $92,023 | $90,093 | $87,270 | | Liabilities | | | | | | | Current liabilities | | | | | | | Short-term debt | $17,874 | $17,925 | $22,682 | $15,806 | $16,025 | | Accounts payable | $1,969 | $1,933 | $2,089 | $2,795 | $2,682 | | Deferred income taxes | $0 | $0 | $0 | $0 | $692 | | Taxes payable | $471 | $309 | $400 | $331 | $307 | | Accrued liabilities | $6,711 | $7,644 | $7,145 | $6,865 | $6,116 | | Other current liabilities | $796 | $0 | $58 | $1,133 | $710 | | Total current liabilities | $27,821 | $27,811 | $32,374 | $26,930 | $26,532 | | Non-current liabilities | | | | | | | Long-term debt | $14,736 | $19,154 | $19,063 | $28,407 | $29,684 | | Deferred taxes liabilities | $4,981 | $6,152 | $5,636 | $4,691 | $3,753 | | Minority interest | $378 | $267 | $241 | $210 | $158 | | Other long-term liabilities | $5,468 | $3,498 | $4,389 | $4,301 | $4,081 | | Total non-current liabilities | $25,563 | $29,071 | $29,329 | $37,609 | $37,676 | | Total Liabilities | $53,384 | $56,882 | $61,703 | $64,539 | $64,208 | | Stockholder's Equity | | | | | | | Common stock | $1,760 | $1,760 | $1,760 | $1,760 | $1,760 | | Additional paid-in capital | $11,379 | $12,276 | $13,154 | $14,016 | $14,993 | | Retained earnings | $58,045 | $61,660 | $63,408 | $65,018 | $65,502 | | Accumulated other comprehensive income | ($3,385) | ($3,432) | ($5,777) | ($10,174) | ($11,205) | | Treasury stock | ($35,009) | ($39,091) | ($42,225) | ($45,066) | ($47,988) | | Total stockholders equity | $32,790 | $33,173 | $30,320 | $25,554 | $23,062 | | Total Liabilities & Shareholder's Equity | $86,174 | $90,055 | $92,023 | $90,093 | $87,270 | | | | | | | | | Year ended December 31 | | | | | | | (In millions except per share data) | | | | | | | | | | | | | | Income Statement | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | | Revenue | | | | | | | Net operating revenues | $48,017 | $46,854 | $45,998 | $44,294 | $41,863 | | Cost of Goods Sold | $19,053 | $18,421 | $17,889 | $17,482 | $16,465 | | Gross Profit | $28,964 | $28,433 | $28,109 | $26,812 | $25,398 | | Operating expenses | | | | | | | General, administrative and other | $17,738 | $17,310 | $17,218 | $10,237 | $9,439 | | Other operating charges | $447 | $895 | $1,183 | $7,847 | $7,333 | | Total operating expense | $18,185 | $18,205 | $18,401 | $18,084 | $16,772 | | Operating income | $10,779 | $10,228 | $9,708 | $8,728 | $8,626 | | Interest expense | $397 | $463 | $483 | $856 | $733 | | Other income (expense) | $1,427 | $1,712 | $100 | $1,733 | $243 | | Income before taxes | $11,809 | $11,477 | $9,325 | $9,605 | $8,136 | | Provision for income taxes | $2,723 | $2,851 | $2,201 | $2,239 | $1,586 | | Net income from continuing operations | $9,086 | $8,626 | $7,124 | $7,366 | $6,550 | | Other net income | ($67) | ($42) | ($26) | ($15) | ($23) | | Net Income | $9,019 | $8,584 | $7,098 | $7,351 | $6,527 | | Net Income available to common shareholders | $9,019 | $8,584 | $7,098 | $7,351 | $6,527 | | Earnings per share | | | | | | | Basic | $2.00 | $1.94 | $1.62 | $1.69 | $1.51 | | Diluted | $1.97 | $1.90 | $1.60 | $1.67 | $1.49 | | Weighted average shares outstanding | | | | | | | Basic | $4,504 | $4,434 | $4,387 | $4,352 | $4,317 | | Diluted | $4,584 | $4,509 | $4,450 | $4,405 | $4,367 | | Depreciation and amortization | $1,982 | $1,977 | $1,976 | $1,970 | $1,787 | | EBITDA | $14,188 | $13,917 | $11,784 | $12,431 | $10,656 | | | | | | |
