Advance Auto Parts 2006 Annual Report Download - page 68

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ADVANCE AUTO PARTS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 30, 2006 and December 31, 2005
(in thousands, except per share data)
December 30, December 31,
2006 2005
Current assets:
Cash and cash equivalents 11,128$ 40,783$
Receivables, net 97,046 94,689
Inventories, net 1,463,340 1,367,099
Other current assets 40,459 45,369
Total current assets 1,611,973 1,547,940
Property and equipment, net of accumulated depreciation of
$670,571 and $564,558 994,977 898,851
Assets held for sale 1,548 8,198
Goodwill 33,718 67,094
Intangible assets, net 27,926 -
Other assets, net 12,539 20,066
2,682,681$ 2,542,149$
Liabilities and Stockholders' Equity
Current liabilities:
Bank overdrafts 34,206$ 50,170$
Current portion of long-term debt 67 32,760
Financed vendor accounts payable 127,543 119,351
Accounts payable 651,587 629,248
Accrued expenses 252,975 265,437
Other current liabilities 47,042 44,498
Total current liabilities 1,113,420 1,141,464
Long-term debt 477,173 406,040
61,234 74,874
Commitments and contingencies
Stockholders' equity:
Preferred stock, nonvoting, $0.0001 par value,
10,000 shares authorized; no shares issued or outstanding - -
Common stock, voting, $0.0001 par value, 200,000
shares authorized; 105,351 shares issued and outstanding
in 2006 and 109,637 issued and 108,198 outstanding in 2005 11 11
Additional paid-in capital 414,153 564,965
Treasury stock, at cost, 1,439 shares in 2005 - (55,668)
Accumulated other comprehensive income 3,472 3,090
Retained earnings 613,218 407,373
Total stockholders' equity 1,030,854 919,771
2,682,681$ 2,542,149$
Other long-term liabilities
Assets
The accompanying notes to consolidated financial statements
are an integral part of these statements.
F-5