Walgreens Annual Report 2011 - Term Paper Example

There is a comparison between the financial year 2011 and the preceding year 2010. The percentage increase for each of the mentioned entities is given. The third section is the company highlights. This section stipulates the company’s locations in terms of new locations, new acquisitions, closings, and the sales area. Also there is a breakdown of the product class sales in terms of prescription drugs, non prescription drugs and general merchandise. Extensive comparison of the financial year 2010 with preceding four years is given.

The section is concluded with a graphical representation of the company’s fiscal year stock performance. The fourth section in the Walgreens report is the letter to shareholders. This section, signed by the Chairman of the Board and the President and Chief Executive Officer, delineates the company’s activities, achievements, drawbacks and how they were curbed among other issues from the perspective of the Chairman and the CEO. The fifth section is known as everyday. This section defines the core values, missions and objectives of Walgreen Company.

One by one they give a vivid description of what the company does in people’s lives everyday. These include: providing integrated care, caring for patients, helping people live well, enhancing healthy living as well as getting closer to people. The section concludes with a group photo of the board of directors plus their names and ranks as well as a list of the company’s officers. The sixth section is the five-year summary of selected consolidated financial data.As the title suggests, this section encompasses a breakdown of a few selected entities including net sales, per common share, non current liabilities, assets and equity as well as location.

An extensive analysis of these entities for the last five years is given. Seventhly, we have the management’s discussion and analysis of results of operations and financial condition. In this section, there is an extensive and lengthy discussion and analysis of the company’s financial conditions and results of the company’s operations. It contains a series of statements which involve risks and uncertainties inter alia. The eighth section is the consolidated statements. This section comprise of consolidated statements of earnings, consolidated statements shareholder’s equity, consolidated statements balance sheets and statements of cash flow.

It is followed by the notes to the consolidated financial statements. This section comprehends the accompanying information to the consolidated financial statements. It describes the major accounting policies, restructuring, leases, acquisitions, goodwill and other intangible assets, income taxes, short-term borrowings and long-term loans, financial instruments, fair measurements commitments and contingencies, capital stock, stock compensation plans, retirement benefits as well as supplementary financial information.

Finally, there is the report of independent Registered Public Accounting Firm. This is the last section of the report which gives an audit feedback to the Board of Directors and Shareholders of Walgreen Company by the Delloitte and Touche LLP audit firm. There are many factors that influenced the Company’s financial performance during the financial year 2011 as delineated in the report. First and foremost is the establishment of new alliances with top health system. These include: John Hopkins Medical Center, Onchsner Health