Question
Use table below: 1. Was amount owed to suppliers decreased in 2013 and was credit extended to customers? 2. did they buy back any previously
Use table below:
1. Was amount owed to suppliers decreased in 2013 and was credit extended to customers?
2. did they buy back any previously issued stock and have a positive income in 2013?
December 31, (Dollars in millions)
ASSETS | 2013 | 2012 |
CURRENT ASSETS | 2013 | 2012 |
Cash and cash equivalents | $1,238 | $1,639 |
Receivables, less allowance for doubtful accounts | 1,313 | 1,126 |
Inventories | 2,565 | 1,338 |
Prepayments and other current assets | 210 | 196 |
Current assets related to discontinued operations | 337 | |
Total Current Assets | 5,326 | 4,636 |
PROPERTY, PLANT AND EQUIPMENT |
|
|
Property, plant and equipment, at cost | 9,123 | 7,206 |
Less accumulated depreciation and amortization | (2,248) | (1,974) |
Net Property, Plant and Equipment | 6,875 | 5,232 |
OTHER NONCURRENT ASSETS |
|
|
Acquired intangibles, net | 263 | 214 |
Other, net | 925 | 602 |
Noncurrent assets related to discontinued operations | 18 | |
Total Other Noncurrent Assets | 1,188 | 834 |
Total Assets | $13,389 | $10,702 |
LIABILITIES AND EQUITY | 2013 | 2012 |
CURRENT LIABILITIES | 2013 | 2012 |
Accounts payable | $2,596 | $2,196 |
Current maturities of debt | 6 | 3 |
Other current liabilities | 806 | 622 |
Current liabilities related to discontinued operations | 60 | |
Total Current Liabilities | 3,408 | 2,881 |
DEFERRED INCOME TAXES | 1,018 | 850 |
OTHER NONCURRENT LIABILITIES | 655 | 644 |
BANK DEBT | 2,823 | 1,585 |
EQUITY | 2013 | 2012 |
Common stock, 154,712,627 shares issued (152,579,955 in 2012) | 26 | 25 |
Additional paid-in capital | 1,186 | 1,070 |
Retained earnings | 3,940 | 3,649 |
Treasury stock, 22,907,890 (14,417,533 in 2012) | (798) | (356) |
Accumulated other comprehensive loss | (52) | (137) |
Total Tesoro Corporation Stockholders Equity | 4,302 | 4,251 |
NONCONTROLLING INTEREST | 1,183 | 486 |
Total Equity | 5,485 | 4,737 |
Total Liabilities and Equity | $13,389 | $10,702 |
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