Advance Auto Parts 2015 Annual Report Download - page 95

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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-41
Condensed Consolidating Balance Sheets
As of January 3, 2015
Advance
Auto Parts,
Inc.
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Assets
Current assets:
Cash and cash equivalents $ 9 $ 65,345 $ 39,326 $ (9) $ 104,671
Receivables, net — 549,151 30,674 — 579,825
Inventories, net — 3,771,816 165,139 — 3,936,955
Other current assets 3,203 113,003 3,383 — 119,589
Total current assets 3,212 4,499,315 238,522 (9) 4,741,040
Property and equipment, net of
accumulated depreciation 2 1,421,325 10,703 — 1,432,030
Goodwill — 940,817 54,609 — 995,426
Intangible assets, net — 689,745 58,380 — 748,125
Other assets, net 13,862 37,377 683 (6,185) 45,737
Investment in subsidiaries 2,057,761 280,014 — (2,337,775)—
Intercompany note receivable 1,047,911 — — (1,047,911)—
Due from intercompany, net — — 211,908 (211,908)—
$ 3,122,748 $ 7,868,593 $ 574,805 $ (3,603,788) $ 7,962,358
Liabilities and Stockholders' Equity
Current liabilities:
Current portion of long-term debt $ — $ 582 $ — $ — $ 582
Accounts payable — 2,845,043 250,322 — 3,095,365
Accrued expenses 4,884 498,505 17,284 — 520,673
Other current liabilities — 35,368 2,437 (9) 37,796
Total current liabilities 4,884 3,379,498 270,043 (9) 3,654,416
Long-term debt 1,047,911 588,400 — — 1,636,311
Deferred income taxes — 430,544 21,992 (6,185) 446,351
Other long-term liabilities — 219,612 2,756 — 222,368
Intercompany note payable — 1,047,911 — (1,047,911)—
Due to intercompany, net 67,041 144,867 — (211,908)—
Commitments and contingencies
Stockholders' equity 2,002,912 2,057,761 280,014 (2,337,775) 2,002,912
$ 3,122,748 $ 7,868,593 $ 574,805 $ (3,603,788) $ 7,962,358