CarMax 2000 Annual Report Download - page 33

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CONSOLIDATED BALANCE SHEETS
CIRCUIT CITY STORES, INC. 2000 ANNUAL REPORT 31
CIRCUIT CITY STORES, INC.
At February 29 or 28
(Amounts in thousands except share data) 2000 1999
ASSETS
CURRENT ASSETS:
Cash and cash equivalents................................................................................................................................. $ 643,933 $ 265,880
Net accounts receivable [NOTE 12]....................................................................................................................... 593,276 574,316
Inventory............................................................................................................................................................ 1,689,209 1,517,675
Prepaid expenses and other current assets........................................................................................................ 16,197 36,644
T O T AL CURRENT ASSETS................................................................................................................. 2,942,615 2,394,515
Property and equipment,net [NOTES 4 AND 5]..................................................................................................... 965,181 1,005,773
Other assets........................................................................................................................................................ 47,552 44,978
T O T AL ASSETS......................................................................................................................................... $3,955,348 $3,445,266
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current installments of long-term debt [NOTES 5 AND 10] ................................................................................... $ 177,344 $ 2,707
Accounts payable ............................................................................................................................................... 960,131 799,733
Short-term debt [NOTE 5].................................................................................................................................... 3,005 8,016
Accrued expenses and other current liabilities.................................................................................................. 204,561 143,585
Deferred income taxes [NOTE 6].......................................................................................................................... 61,118 9,764
T O T AL CURRENT LIABILITIES...................................................................................................... 1,406,159 963,805
Long-term debt,excluding current installments [NOTES 5 AND 10]...................................................................... 249,241 426,585
Deferred revenue and other liabilities................................................................................................................ 130,020 112,085
Deferred income taxes [NOTE 6].......................................................................................................................... 27,754 37,661
T O T AL LIABILITIES.............................................................................................................................. 1,813,174 1,540,136
STOCKHOLDERS’ EQUITY [NOTES 1 AND 7]:
Circuit City Group common stock,$0.50 par value; 350,000,000 shares authorized;
203,868,000 shares issued and outstanding (100,820,000 in 1999)............................................................ 101,934 50,410
CarMax Group common stock,$0.50 par value; 175,000,000 shares authorized;
25,614,000 shares issued and outstanding (23,116,000 in 1999)................................................................ 12,807 11,558
Capital in excess of par value............................................................................................................................. 576,574 575,686
Retained earnings.............................................................................................................................................. 1,450,859 1,267,476
T O T AL STOCKHOLDERS’ EQUITY................................................................................................. 2,142,174 1,905,130
Commitments and contingent liabilities [NOTES 1,9,10, 12,13, 14 AND 15]
T O T AL LIABILITIES AND STOCKHOLDERS’ EQUITY...................................................... $3,955,348 $3,445,266
See accompanying notes to consolidated financial statements.