Walgreens Annual Report

The annual report for a company is a very important tool for the company. It can tell it’s investors, customers, and employees how the company is doing and what income has come in, what was paid out in expenses, what was paid out in dividends, if any, what the net income is and whether the company is doing well and has a profit for the year or if the company is doing poorly and is in the negative for the year. The annual report will also show how many new stores were opened through that year. If there are a lot of new stores that opened it shows that the company is doing well and able to expand into new areas that they believe will bring them in even more profit to the company. Our team chose Walgreens and was able to find the 2013 Annual report for them. Walgreens is a pretty well known company that has the pharmacy as well as a general store that sells everything from food, to clothing, make up, and over the counter medicines.
One part of the annual report that is a good place to look at is the company’s total assets. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent value of ownership that can be converted into cash. For 2013, Walgreens showed their total assets, all numbers to be reported in millions, being $35,481. This amount is from the current assets in the amount of $11,874 and non current assets in the amount of $23,607. The current assets are made up of cash, accounts receivable (net), inventories and other current assets. The non current assets are made up of property and equipment, at cost, less accumulated depreciation, equity investment in Alliance boots, Alliance Boots call option, goodwill, and other non current assets.

Looking at this year’s assets for Walgreens compared to last year’s total assets Walgreens showed an increase in their total assets. The 2012 total assets for Walgreens was