Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Using balance sheet info provided, please help with a horizontal analysis Consolidated Balance Sheets PART II FINANCIAL INFORMATION (In thousands, except for share data) 2019
Using balance sheet info provided, please help with a horizontal analysis
Consolidated Balance Sheets | ||
PART II FINANCIAL INFORMATION | ||
(In thousands, except for share data) | 2019 | 2018 |
ASSETS | ||
Current assets | ||
Cash and cash equivalents | $ 513,460 | $ 552,325 |
Accounts and notes receivable, less allowances of $28,176 and $25,768 | 4,181,696 | 4,073,723 |
Inventories | 3,216,034 | 3,125,413 |
Prepaid expenses and other current assets | 210,582 | 187,880 |
Income tax receivable | 19,733 | 64,112 |
Total current assets | 8,141,505 | 8,003,453 |
Plant and equipment at cost, less accumulated depreciation | 4,501,705 | 4,521,660 |
Other long-term assets | ||
Goodwill | 3,896,226 | 3,955,485 |
Intangibles, less amortization | 857,301 | 979,812 |
Deferred income taxes | 80,760 | 83,666 |
Other assets | 489,025 | 526,328 |
Total other long-term assets | 5,323,312 | 5,545,291 |
TOTAL ASSETS | $ 17,966,522 | $ 18,070,404 |
LIABILITIES AND SHAREHOLDERS EQUITY | ||
Current liabilities | ||
Notes payable | $ 3,957 | $ 4,176 |
Accounts payable | 4,314,620 | 4,136,482 |
Accrued expenses | 1,729,941 | 1,608,966 |
Accrued income taxes | 17,343 | 56,793 |
Current maturities of long-term debt | 37,322 | 782,329 |
Total current liabilities | 6,103,183 | 6,588,746 |
Long-term liabilities | ||
Long-term debt | 8,122,058 | 7,540,765 |
Deferred income taxes | 172,232 | 319,124 |
Other long-term liabilities | 1,031,020 | 1,077,163 |
Total long-term liabilities | 9,325,310 | 8,937,052 |
Commitments and contingencies | ||
Noncontrolling interest | 35,426 | 37,649 |
Shareholders equity | ||
Preferred stock, par value $1 per share Authorized 1,500,000 shares, issued none | - | - |
Common stock, par value $1 per share Authorized 2,000,000,000 shares, issued 765,174,900 shares | 765,175 | 765,175 |
Paid-in capital | 1,457,419 | 1,383,619 |
Retained earnings | 11,229,679 | 10,348,628 |
Accumulated other comprehensive loss | (1,599,729) | (1,409,269) |
Treasury stock at cost, 252,297,926 and 244,533,248 shares | (9,349,941) | (8,581,196) |
Total shareholders equity | 2,502,603 | 2,506,957 |
TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | $ 17,966,522 | $ 18,070,404 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started