Advance Auto Parts 2007 Annual Report Download - page 63

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ADVANCE AUTO PARTS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
December 29, 2007 and December 30, 2006
(in thousands, except per share data)
December 29, December 30,
2007 2006
Current assets:
Cash and cash equivalents 14,654$ 11,128$
Receivables, net 84,983 97,046
Inventories, net 1,529,469 1,463,340
Other current assets 53,719 40,459
Total current assets 1,682,825 1,611,973
Property and equipment, net of accumulated depreciation of
$753,024 and $670,571 1,047,944 994,977
Assets held for sale 3,274 1,548
Goodwill 33,718 33,718
Intan
g
ible assets, net 26,844 27,926
Other assets, net 10,961 12,539
2,805,566$ 2,682,681$
Liabilities and Stockholders' Equity
Current liabilities:
Bank overdrafts 30,000$ 34,206$
Current portion of long-term debt 610 67
Financed vendor accounts payable 153,549 127,543
Accounts payable 688,970 651,587
Accrued expenses 301,414 252,975
Other current liabilities 51,385 47,042
Total current liabilities 1,225,928 1,113,420
Long-term debt 505,062 477,173
50,781 61,234
Commitments and contingencies
Stockholders' equity:
Preferred stock, nonvoting, $0.0001 par value,
10,000 shares authorized; no shares issued or outstanding - -
Common stock, voting, $0.0001 par value, 200,000
shares authorized; 101,072 shares issued and 99,060 outstanding
in 2007 and 105,351 issued and outstanding in 2006 10 11
Additional paid-in capital 274,659 414,153
Treasury stock, at cost, 2,012 shares (74,644) -
Accumulated other comprehensive income (701) 3,472
Retained earnings 824,471 613,218
Total stockholders' equity 1,023,795 1,030,854
2,805,566$ 2,682,681$
Other long-term liabilities
Assets
The accompanying notes to the consolidated financial statements
are an integral part of these statements.
F-4