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| Praxair, Inc.
and Subsidiaries (Millions of dollars) DECEMBER 31, |
2003
|
2002
|
 |
|
|
| ASSETS | ||
| Cash and cash equivalents |
$ 50
|
$ 39
|
| Accounts receivable |
962
|
860
|
| Inventories |
302
|
277
|
| Prepaid and other current assets |
135
|
110
|
|
|
|
|
| Total
Current Assets |
1,449
|
1,286
|
| Property, plant and equipment net |
5,252
|
4,666
|
| Equity investments |
182
|
184
|
| Goodwill |
1,075
|
985
|
| Other intangible assets |
56
|
50
|
| Other long-term assets |
291
|
230
|
|
|
|
|
| Total
Assets |
$8,305
|
$7,401
|
 |
|
|
| LIABILITIES AND EQUITY | ||
| Accounts payable |
$ 413
|
$ 378
|
| Short-term debt |
133
|
215
|
| Current portion of long-term debt |
22
|
23
|
| Accrued taxes |
104
|
74
|
| Other current liabilities |
445
|
410
|
|
|
|
|
| Total
Current Liabilities |
1,117
|
1,100
|
| Long-term debt |
2,661
|
2,510
|
| Other long-term liabilities |
916
|
826
|
| Deferred credits |
328
|
461
|
|
|
|
|
| Total
Liabilities |
5,022
|
4,897
|
|
|
|
|
| Commitments and contingencies (Note 20) | ||
| Minority interests |
195
|
164
|
| Shareholders’
equity |
||
| Common
stock $0.01 par value, authorized 500,000,000 shares, issued 2003 354,951,262
shares and 2002 347,900,750 shares |
4
|
2
|
| Additional
paid-in capital |
2,148
|
1,965
|
| Retained
earnings |
3,027
|
2,593
|
| Accumulated
other comprehensive income (loss) |
(1,352)
|
(1,673)
|
| Less:
Treasury stock, at cost (2003 28,865,414 shares and 2002 23,364,558
shares) |
(739)
|
(547)
|
|
|
|
|
| Total
Shareholders’ Equity |
3,088
|
2,340
|
|
|
|
|
| Total
Liabilities and Equity |
$8,305
|
$7,401
|
|
|
|
| The accompanying Notes are an integral part of these financial statements. |
