Advance Auto Parts 2015 Annual Report Download - page 94

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ADVANCE AUTO PARTS, INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
January 2, 2016, January 3, 2015 and December 28, 2013
(in thousands, except per share data)
F-40
Condensed Consolidating Balance Sheets
As of January 2, 2016
Advance
Auto Parts,
Inc.
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Assets
Current assets:
Cash and cash equivalents $ 8 $ 63,458 $ 27,324 $ (8) $ 90,782
Receivables, net — 568,106 29,682 — 597,788
Inventories, net — 4,009,335 165,433 — 4,174,768
Other current assets 178 78,904 1,376 (3,050) 77,408
Total current assets 186 4,719,803 223,815 (3,058) 4,940,746
Property and equipment, net of
accumulated depreciation 154 1,425,319 9,104 — 1,434,577
Goodwill — 943,319 46,165 — 989,484
Intangible assets, net — 640,583 46,542 — 687,125
Other assets, net 16,077 75,312 745 (9,501) 82,633
Investment in subsidiaries 2,523,076 302,495 — (2,825,571)—
Intercompany note receivable 1,048,161 — — (1,048,161)—
Due from intercompany, net — — 325,077 (325,077)—
$ 3,587,654 $ 8,106,831 $ 651,448 $ (4,211,368) $ 8,134,565
Liabilities and Stockholders' Equity
Current liabilities:
Current portion of long-term debt $ — $ 598 $ — $ — $ 598
Accounts payable 103 2,903,287 300,532 — 3,203,922
Accrued expenses 2,378 529,076 24,759 (3,050) 553,163
Other current liabilities — 36,270 3,532 (8) 39,794
Total current liabilities 2,481 3,469,231 328,823 (3,058) 3,797,477
Long-term debt 1,048,161 165,000 — — 1,213,161
Deferred income taxes — 425,094 18,332 (9,501) 433,925
Other long-term liabilities — 227,556 1,798 — 229,354
Intercompany note payable — 1,048,161 — (1,048,161)—
Due to intercompany, net 76,364 248,713 — (325,077)—
Commitments and contingencies
Stockholders' equity 2,460,648 2,523,076 302,495 (2,825,571) 2,460,648
$ 3,587,654 $ 8,106,831 $ 651,448 $ (4,211,368) $ 8,134,565