Advance Auto Parts 2008 Annual Report Download - page 58

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ADVANCE AUTO PARTS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
January 3, 2009 and December 29, 2007
(in thousands, except per share data)
The accompanying notes to the consolidated financial statements
are an integral part of these statements.
F-4
January 3, December 29,
2009 2007
Current assets:
Cash and cash equivalents 37,358$ 14,654$
Receivables, net 97,203 84,983
Inventories, net 1,623,088 1,529,469
Other current assets 49,977 53,719
Total current assets 1,807,626 1,682,825
Property and equipment, net of accumulated depreciation of
$817,428 and $753,024 1,071,405 1,047,944
Assets held for sale 2,301 3,274
Goodwill 34,603 33,718
Intangible assets, net 27,567 26,844
Other assets, net 20,563 10,961
2,964,065$ 2,805,566$
Liabilities and Stockholders' Equity
Current liabilities:
Bank overdrafts 20,588$ 30,000$
Current portion of long-term debt 1,003 610
Financed vendor accounts payable 136,386 153,549
Accounts payable 791,330 688,970
Accrued expenses 372,510 301,414
Other current liabilities 43,177 51,385
Total current liabilities 1,364,994 1,225,928
Long-term debt 455,161 505,062
68,744 50,781
Commitments and contingencies
Stockholders' equity:
Preferred stock, nonvoting, $0.0001 par value,
10,000 shares authorized; no shares issued or outstanding - -
Common stock, voting, $0.0001 par value, 200,000
shares authorized; 103,000 shares issued and 94,852 outstanding
in 2008 and 101,072 shares issued and 99,060 outstanding in 2007 10 10
Additional paid-in capital 335,991 274,659
Treasury stock, at cost, 8,148 and 2,012 shares (291,114) (74,644)
Accumulated other comprehensive loss (9,349) (701)
Retained earnings 1,039,628 824,471
Total stockholders' equity 1,075,166 1,023,795
2,964,065$ 2,805,566$
Other long-term liabilities
Assets