Advance Auto Parts 2004 Annual Report Download - page 31

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Advance฀Auto฀Parts,฀Inc.฀and฀Subsidiaries
29
January฀1,฀
2005
January฀3,฀
2004
(in฀thousands,฀except฀per฀share฀data)
Assets
Current฀assets:
฀ Cash฀and฀cash฀equivalents฀....................................................................................................................... $฀ 56,321 $฀ 11,487
฀ Receivables,฀net฀....................................................................................................................................... 101,969 84,799
฀ Inventories,฀net฀........................................................................................................................................ 1,201,450 1,113,781
฀ Other฀current฀assets฀................................................................................................................................. 17,687 16,387
฀ ฀ ฀ Total฀current฀assets฀.......................................................................................................................... 1,377,427 1,226,454
Property฀and฀equipment,฀net฀of฀accumulated฀depreciation฀of฀$474,820฀and฀$395,027฀................................ 786,212 712,702
Assets฀held฀for฀sale฀...................................................................................................................................... 18,298 20,191
Other฀assets,฀net฀.......................................................................................................................................... 20,025 23,724
$2,201,962 $1,983,071
Liabilities฀and฀Stockholders’฀Equity
Current฀liabilities:
฀ Bank฀overdrafts฀....................................................................................................................................... $฀ 20,184 $฀ 31,085
฀ Current฀portion฀of฀long-term฀debt฀........................................................................................................... 31,700 22,220
฀ Financed฀vendor฀accounts฀payable฀.......................................................................................................... 56,896 —
฀ Accounts฀payable฀..................................................................................................................................... 587,948 568,275
฀ Accrued฀expenses฀.................................................................................................................................... 198,479 173,818
฀ Other฀current฀liabilities฀........................................................................................................................... 65,918 58,547
฀ ฀ ฀ Total฀current฀liabilities฀.................................................................................................................... 961,125 853,945
Long-term฀debt฀............................................................................................................................................. 438,300 422,780
Other฀long-term฀liabilities฀............................................................................................................................ 80,222 75,102
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,฀200,000฀shares฀authorized;฀75,945฀shares฀issued฀฀
฀ and฀72,245฀outstanding฀in฀2004฀and฀73,884฀issued฀and฀outstanding฀in฀2003฀................................... 87
฀ Additional฀paid-in฀capital฀........................................................................................................................ 695,215 647,106
฀ Treasury฀stock,฀at฀cost,฀3,700฀shares฀....................................................................................................... (146,370) —
฀ Accumulated฀other฀comprehensive฀gain฀(loss)฀....................................................................................... 814 (529)
฀ Retained฀earnings฀(accumulated฀deficit)฀................................................................................................ 172,648 (15,340)
฀ ฀ ฀ Total฀stockholders’฀equity฀............................................................................................................... 722,315 631,244
$2,201,962 $1,983,071
The฀accompanying฀notes฀to฀consolidated฀financial฀statements฀are฀an฀integral฀part฀of฀these฀statements.
Consolidated฀Balance฀Sheets
January฀1,฀2005฀and฀January฀3,฀2004