AutoZone 2010 Annual Report Download - page 129
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Consolidated Balance Sheets
(in thousands)
August 28,
2010
August 29,
2009
Assets
Current assets:
Cash and cash equivalents ....................................................................................... $ 98,280 $ 92,706
Accounts receivable.................................................................................................. 125,802 126,514
Merchandise inventories........................................................................................... 2,304,579 2,207,497
Other current assets .................................................................................................. 83,160 135,013
Total current assets ............................................................................................... 2,611,821 2,561,730
Property and equipment:
Land .......................................................................................................................... 690,098 656,516
Buildings and improvements.................................................................................... 2,013,301 1,900,610
Equipment ................................................................................................................. 923,595 887,521
Leasehold improvements .......................................................................................... 247,748 219,606
Construction in progress .......................................................................................... 192,519 145,161
4,067,261 3,809,414
Less: Accumulated depreciation and amortization ................................................. 1,547,315 1,455,057
2,519,946 2,354,357
Goodwill ....................................................................................................................... 302,645 302,645
Deferred income taxes ................................................................................................. 46,223 59,067
Other long-term assets ................................................................................................. 90,959 40,606
439,827 402,318
$5,571,594 $ 5,318,405
Liabilities and Stockholders’ Deficit
Current liabilities:
Accounts payable...................................................................................................... $2,433,050 $ 2,118,746
Accrued expenses and other .................................................................................... 432,368 381,271
Income taxes payable ............................................................................................... 25,385 35,145
Deferred income taxes ............................................................................................. 146,971 171,590
Short-term borrowings ............................................................................................. 26,186 —
Total current liabilities ......................................................................................... 3,063,960 2,706,752
Long-term debt ............................................................................................................. 2,882,300 2,726,900
Other long-term liabilities ............................................................................................ 364,099 317,827
Commitments and contingencies ................................................................................. — —
Stockholders’ deficit:
Preferred stock, authorized 1,000 shares; no shares issued .................................... — —
Common stock, par value $.01 per share, authorized 200,000 shares;
50,061 shares issued and 45,107 shares outstanding in 2010 and
57,881 shares issued and 50,801 shares outstanding in 2009 ............................ 501 579
Additional paid-in capital......................................................................................... 557,955 549,326
Retained (deficit) earnings....................................................................................... (245,344) 136,935
Accumulated other comprehensive loss .................................................................. (106,468) (92,035)
Treasury stock, at cost.............................................................................................. (945,409) (1,027,879)
Total stockholders’ deficit .................................................................................... (738,765) (433,074)
$5,571,594 $ 5,318,405
See Notes to Consolidated Financial Statements.
39
10-K