Advance Auto Parts 2003 Annual Report Download - page 25

January 3, December 28,
2004 2002
(in thousands, except per share data) Assets
Current assets:
Cash and cash equivalents................................................................................................ $ 11,487 $ 13,885
Receivables, net................................................................................................................ 84,799 102,574
Inventories, net................................................................................................................. 1,113,781 1,048,803
Other current assets.......................................................................................................... 16,387 20,210
Total current assets................................................................................................... 1,226,454 1,185,472
Property and equipment, net of accumulated
depreciation of $395,027 and $313,841 ........................................................................ 712,702 728,432
Assets held for sale ............................................................................................................. 20,191 28,346
Other assets, net.................................................................................................................. 23,724 22,975
$1,983,071 $1,965,225
Liabilities and Stockholders’ Equity
Current liabilities:
Bank overdrafts................................................................................................................ $ 31,085 $ 869
Current portion of long-term debt.................................................................................... 22,220 10,690
Accounts payable............................................................................................................. 568,275 470,740
Accrued expenses............................................................................................................. 173,818 208,176
Other current liabilities .................................................................................................... 58,547 32,101
Total current liabilities ............................................................................................. 853,945 722,576
Long-term debt ................................................................................................................... 422,780 724,832
Other long-term liabilities.................................................................................................. 75,102 49,461
Commitments and contingencies
Stockholders’ equity:
Preferred stock, nonvoting, $0.0001 par value, 10,000 shares
authorized; no shares issued or outstanding ................................................................ ——
Common stock, voting, $0.0001 par value, 100,000 shares
authorized; 73,884 and 71,470 issued and outstanding............................................... 77
Additional paid-in capital ................................................................................................ 647,106 610,192
Stockholder subscription receivables............................................................................... —(976)
Accumulated other comprehensive loss........................................................................... (529) (592)
Accumulated deficit......................................................................................................... (15,340) (140,275)
Total stockholders’ equity ........................................................................................ 631,244 468,356
$1,983,071 $1,965,225
The accompanying notes to consolidated financial statements are an integral part of these statements.
CONSOLIDATED BALANCE SHEETS
January 3, 2004 and December 28, 2002
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Advance Auto Parts, Inc. and Subsidiaries