10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
PFIZER INC | ||
Ticker: PFE Fiscal Year: 2016 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2016 10-K (Filed: Feb 23, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 31, 2015 | |
| Assets | ||
| Cash and cash equivalents | $ 2,595 | 3,641 |
| Short-term investments | 15,255 | 19,649 |
| Trade accounts receivable, less allowance for doubtful accounts: 2016$609; 2015$384 | 8,225 [1] | 8,176 |
| Inventories | 6,783 [2] | 7,513 |
| Current tax assets | 3,041 | 2,662 |
| Other current assets | 2,249 | 2,154 |
| Assets held for sale | 801 | 9 |
| Total current assets | 38,949 | 43,804 |
| Long-term investments | 7,116 | 15,999 |
| Property, plant and equipment, less accumulated depreciation | 13,318 [3] | 13,766 |
| Identifiable intangible assets, less accumulated amortization | 52,648 | 40,356 |
| Goodwill | 54,449 | 48,242 |
| Noncurrent deferred tax assets and other noncurrent tax assets | 1,812 | 1,794 |
| Other noncurrent assets | 3,323 | 3,420 |
| Total assets | 171,615 | 167,381 |
| Liabilities and Equity | ||
| Short-term borrowings, including current portion of long-term debt: 2016$4,225; 2015$3,719 | 10,688 | 10,159 [4] |
| Trade accounts payable | 4,536 | 3,620 |
| Dividends payable | 1,944 | 1,852 |
| Income taxes payable | 437 | 418 |
| Accrued compensation and related items | 2,487 | 2,359 |
| Other current liabilities | 11,023 | 10,990 |
| Total current liabilities | 31,115 | 29,399 |
| Long-term debt | 31,398 | 28,740 [5] |
| Pension benefit obligations, net | 6,406 | 6,310 |
| Postretirement benefit obligations, net | 1,766 | 1,809 |
| Noncurrent deferred tax liabilities | 30,753 | 26,877 |
| Other taxes payable | 4,000 | 3,992 |
| Other noncurrent liabilities | 6,337 | 5,257 |
| Total liabilities | 111,776 | 102,384 |
| Commitments and Contingencies | ||
| Preferred stock, no par value, at stated value; 27 shares authorized; issued: 2016597; 2015649 | 24 | 26 |
| Common stock, $0.05 par value; 12,000 shares authorized; issued: 20169,230; 20159,178 | 461 | 459 |
| Additional paid-in capital | 82,685 | 81,016 |
| Treasury stock, shares at cost: 20163,160; 20153,003 | (84,364) | (79,252) |
| Retained earnings | 71,774 | 71,993 |
| Accumulated other comprehensive loss | (11,036) | (9,522) |
| Total Pfizer Inc. shareholders equity | 59,544 | 64,720 |
| Equity attributable to noncontrolling interests | 296 | 278 |
| Total equity | 59,840 | 64,998 |
| Total liabilities and equity | 171,615 | 167,381 |
| [1] Amounts may not add due to rounding. | ||
| [2] The change from December 31, 2015 reflects, among other things, the reclassification of $377 million to Assets held for sale (see Note 2B). | ||
| [3] Reflects legacy Medivation and legacy Anacor amounts in 2016, commencing on the Medivation acquisition date, September 28, 2016, and Anacor acquisition date, June 24, 2016. Reflects legacy Hospira amounts in 2016 and 2015 commencing on the Hospira acquisition date, September 3, 2015. | The decrease in total property, plant and equipment is primarily due to depreciation, the reclassification of $457 million to Assets held for sale (see Note 2B) and, to a lesser extent, impairments and the impact of foreign e | ||
| [4] The differences between the estimated fair values and carrying values of held-to-maturity debt securities, private equity securities at cost-method and short-term borrowings not measured at fair value on a recurring basis were not significant as of December 31, 2016 or December 31, 2015. The fair value measurements of our held-to-maturity debt securities and our short-term borrowings are based on Level 2 inputs, using a market approach. The fair value measurements of our private equity securities carried at | ||
| [5] The fair value of our long-term debt (not including the current portion of long-term debt) was $34.9 billion as of December 31, 2016 and $32.7 billion as of December 31, 2015. The fair value measurements for our long-term debt are based on Level 2 inputs, using a market approach. | ||
| External Links | |
| PFIZER INC (PFE) Fiscal Year 2016 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |