CarMax 2000 Annual Report Download - page 53

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CIRCUIT CITY GROUP BALANCE SHEETS
CIRCUIT CITY STORES, INC. 2000 ANNUAL REPORT 51
CIRCUIT CITY GROUP
At February 29 or 28
(Amounts in thousands) 2000 1999
ASSETS
CURRENT ASSETS:
Cash and cash equivalents................................................................................................................................. $ 633,952 $ 248,201
Net accounts receivable[NOTE 12] ....................................................................................................................... 464,023 476,952
Merchandise inventory....................................................................................................................................... 1,405,617 1,292,215
Prepaid expenses and other current assets........................................................................................................ 13,353 36,024
T O T AL CURRENT ASSETS................................................................................................................. 2,516,945 2,053,392
Property and equipment,net [NOTES 4 AND 5] ..................................................................................................... 753,325 801,827
Inter-Group Interest in the CarMax Group [NOTE 2]........................................................................................... 257,535 260,758
Other assets........................................................................................................................................................ 9,583 18,849
T O T AL ASSETS......................................................................................................................................... $3,537,388 $3,134,826
LIABILITIES AND GROUP EQUITY
CURRENT LIABILITIES:
Current installments of long-term debt [NOTES 5 AND 10].................................................................................... $ 85,735 $ 1,457
Accounts payable ............................................................................................................................................... 884,172 739,895
Short-term debt [NOTE 5].................................................................................................................................... 1,453 3,411
Accrued expenses and other current liabilities.................................................................................................. 184,705 135,029
Deferred income taxes [NOTE 6] .......................................................................................................................... 53,971 2,090
T O T AL CURRENT LIABILITIES...................................................................................................... 1,210,036 881,882
Long-term debt,excluding current installments [NOTES 5 AND 10]...................................................................... 127,984 286,865
Deferred revenue and other liabilities................................................................................................................ 122,771 107,070
Deferred income taxes [NOTE 6] .......................................................................................................................... 21,877 33,536
T O T AL LIABILITIES.............................................................................................................................. 1,482,668 1,309,353
GROUP EQUITY......................................................................................................................................... 2,054,720 1,825,473
Commitments and contingent liabilities [NOTES 1,9, 10,12, 13, 14 AND 15]
T O T AL LIABILITIES AND GROUP EQUITY............................................................................. $3,537,388 $3,134,826
See accompanying notes to group financial statements.