Consolidated Balance Sheet
(dollars in thousands)
December 31 |
2011 |
2010 |
2009 |
Assets |
(As Adjusted See Note 1) |
(As Adjusted See Note 1) |
|
Current Assets: |
|||
Cash and cash equivalents |
$6,812,820 |
$3,648,371 |
$8,809,339 |
Investments, primarily time deposits and certificates of deposit |
1,284,539 |
1,803,079 |
1,122,709 |
Restricted funds, primarily U.S. treasury bills |
— |
1,872,490 |
— |
Trade receivables, less allowances of — 2011: $420,579; 2010: $388,564; 2009: $311,546 |
7,683,920 |
7,184,034 |
6,541,941 |
Inventories: |
|||
Finished products |
2,220,527 |
2,058,735 |
2,289,280 |
Work in process |
432,358 |
383,580 |
448,487 |
Materials |
631,364 |
746,419 |
527,110 |
Total inventories |
3,284,249 |
3,188,734 |
3,264,877 |
Deferred income taxes |
2,700,540 |
3,076,051 |
2,364,142 |
Other prepaid expenses and receivables |
2,002,706 |
1,544,770 |
1,210,883 |
Total Current Assets |
23,768,774 |
22,317,529 |
23,313,891 |
Investments |
378,225 |
302,049 |
1,132,866 |
Property and Equipment, at Cost: |
|||
Land |
633,917 |
648,988 |
546,204 |
Buildings |
4,467,387 |
4,334,236 |
4,010,439 |
Equipment |
12,216,388 |
11,813,618 |
11,325,450 |
Construction in progress |
698,873 |
577,460 |
604,813 |
18,016,565 |
17,374,302 |
16,486,906 |
|
Less: accumulated depreciation and amortization |
10,142,610 |
9,403,346 |
8,867,417 |
Net Property and Equipment |
7,873,955 |
7,970,956 |
7,619,489 |
Intangible Assets, net of amortization |
9,989,636 |
12,151,628 |
6,291,989 |
Goodwill |
15,705,380 |
15,930,077 |
13,200,174 |
Deferred Income Taxes and Other Assets |
2,560,923 |
1,901,613 |
1,023,214 |
$60,276,893 |
$60,573,852 |
$52,581,623 |
December 31 |
2011 |
2010 |
2009 |
Liabilities and Shareholders’ Investment |
(As Adjusted See Note 1) |
(As Adjusted See Note 1) |
|
Current Liabilities: |
|||
Short-term borrowings |
$2,347,859 |
$4,349,796 |
$4,978,438 |
Trade accounts payable |
1,721,127 |
1,535,759 |
1,280,542 |
Salaries, wages and commissions |
1,260,121 |
1,328,665 |
1,117,410 |
Other accrued liabilities |
7,854,994 |
6,014,772 |
4,399,137 |
Dividends payable |
754,284 |
680,749 |
620,640 |
Income taxes payable |
514,947 |
1,307,723 |
442,140 |
Current portion of long-term debt |
1,026,896 |
2,044,970 |
211,182 |
Total Current Liabilities |
15,480,228 |
17,262,434 |
13,049,489 |
Long-term Debt |
12,039,822 |
12,523,517 |
11,266,294 |
Post-employment Obligations and Other Long-term Liabilities |
8,230,698 |
8,022,770 |
5,078,444 |
Commitments and Contingencies |
|||
Shareholders’ Investment: Preferred shares, one dollar par value Authorized — 1,000,000 shares, none issued |
— |
— |
— |
Common shares, without par value Authorized — 2,400,000,000 shares Issued at stated capital amount — Shares: 2011: 1,638,870,201; 2010: 1,619,689,876; 2009: 1,612,683,987 |
9,817,134 |
8,744,703 |
8,257,873 |
Common shares held in treasury, at cost — Shares: 2011: 68,491,382; 2010: 72,705,928; 2009: 61,516,398 |
(3,687,478) |
(3,916,823) |
(3,310,347) |
Earnings employed in the business |
20,907,362 |
19,215,768 |
17,342,694 |
Accumulated other comprehensive income (loss) |
(2,597,185) |
(1,366,846) |
854,074 |
Total Abbott Shareholders’ Investment |
24,439,833 |
22,676,802 |
23,144,294 |
Noncontrolling Interests in Subsidiaries |
86,312 |
88,329 |
43,102 |
Total Shareholders’ Investment |
24,526,145 |
22,765,131 |
23,187,396 |
$60,276,893 |
$60,573,852 |
$52,581,623 |
The accompanying notes to consolidated financial statements are an integral part of this statement.
