CarMax 1999 Annual Report Download - page 33

At February 28
(Amounts in thousands except share data) 1999 1998
ASSETS
CURRENT ASSETS:
Cash and cash equivalents.............................................................................................................. $ 265,880 $116,612
Net accounts receivable [NOTE 12] ................................................................................................... 574,316 598,035
Inventory........................................................................................................................................ 1,517,675 1,410,545
Prepaid expenses and other current assets...................................................................................... 36,644 21,157
TOTAL CURRENT ASSETS ...........................................................................................................
2,394,515 2,146,349
Property and equipment, net [NOTES 4AND 5].................................................................................... 1,005,773 1,048,434
Other assets.................................................................................................................................... 44,978 36,918
TOTAL ASSETS ............................................................................................................................. $3,445,266 $3,231,701
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current installments of long-term debt [NOTES 5AND 10]................................................................... $ 2,707 $1,301
Accounts payable ........................................................................................................................... 799,733 765,391
Short-term debt [NOTE 5] ................................................................................................................. 8,016 5,976
Accrued expenses and other current liabilities ............................................................................... 143,585 132,802
Deferred income taxes [NOTE 6]....................................................................................................... 9,764 356
TOTAL CURRENT LIABILITIES ....................................................................................................
963,805 905,826
Long-term debt, excluding current installments [NOTES 5AND 10] ..................................................... 426,585 424,292
Deferred revenue and other liabilities ............................................................................................ 112,085 145,107
Deferred income taxes [NOTE 6]....................................................................................................... 37,661 26,437
TOTAL LIABILITIES ...................................................................................................................... 1,540,136 1,501,662
STOCKHOLDERS’ EQUITY [NOTES 1 AND 7]:
Circuit City Group common stock, $0.50 par value; 175,000,000 shares authorized;
100,820,000 shares issued and outstanding (99,282,000 in 1998).............................................
50,410 49,641
CarMax Group common stock, $0.50 par value; 175,000,000 shares authorized;
23,116,000 shares issued and outstanding (22,204,000 in 1998)...............................................
11,558 11,102
Capital in excess of par value.......................................................................................................... 575,686 530,763
Retained earnings........................................................................................................................... 1,267,476 1,138,533
TOTAL STOCKHOLDERS’ EQUITY ............................................................................................. 1,905,130 1,730,039
Commitments and contingent liabilities [NOTES 1, 9, 10, 12, 13 AND 14]
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY.............................................................. $3,445,266 $3,231,701
See accompanying notes to consolidated financial statements.
CONSOLIDATED BALANCE SHEETS
CIRCUIT CITY STORES, INC.
CIRCUIT CITY STORES, INC. 1999 ANNUAL REPORT 31