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The statement of financial position provides creditors, investors, and analysts with information on company's resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company's assets as well as an indication of cash flows that may come from receivables and inventories.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
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CVS Caremark Corp., Consolidated Statement of Financial Position, Liabilities and Stockholders' Equity
USD $ in millions
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 29, 2007 | ||
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Accounts payable | |
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Claims and discounts payable | |
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Accrued expenses | |
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Short-term debt | |
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Current portion of long-term debt | |
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Current liabilities | |
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Long-term debt, excluding current portion | |
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Deferred income taxes | |
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Other long-term liabilities | |
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Noncurrent liabilities | |
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Total liabilities | |
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Redeemable noncontrolling interest | |
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Preferred stock, par value $0.01; none issued or outstanding | |
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Preference stock, series one ESOP convertible, par value $1.00 | |
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Common stock, par value $0.01 | |
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Treasury stock, at cost | |
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Shares held in trust | |
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Guaranteed ESOP obligation | |
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Capital surplus | |
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Retained earnings | |
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Accumulated other comprehensive loss | |
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Shareholders’ equity | |
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Total liabilities and shareholders’ equity | |
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| Item | Description | The company |
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| Accounts payable | Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). | CVS Caremark Corp.'s accounts payable increased from 2009 to 2010 and from 2010 to 2011. |
| Current liabilities | Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. | CVS Caremark Corp.'s current liabilities declined from 2009 to 2010 but then increased from 2010 to 2011 not reaching 2009 level. |
| Noncurrent liabilities | Total obligations incurred as part of normal operations that is expected to be repaid beyond the following twelve months or one business cycle. | CVS Caremark Corp.'s noncurrent liabilities declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level. |
| Total liabilities | Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. | CVS Caremark Corp.'s total liabilities declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level. |
| Shareholders’ equity | Total of all Stockholders' Equity (deficit) items, net of receivables from officers, directors owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). | CVS Caremark Corp.'s shareholders’ equity increased from 2009 to 2010 and from 2010 to 2011. |
May 19, 2012