CarMax 2000 Annual Report Download - page 71

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CARMAX GROUP BALANCE SHEETS
CIRCUIT CITY STORES, INC. 2000 ANNUAL REPORT 69
CARMAX GROUP
At February 29 or 28
(Amounts in thousands) 2000 1999
ASSETS
CURRENT ASSETS:
Cash and cash equivalents....................................................................................................................................... $ 9,981 $ 17,679
Net accounts receivable [NOTE 5] .............................................................................................................................. 129,253 97,364
Inventory.................................................................................................................................................................. 283,592 225,460
Prepaid expenses and other current assets.............................................................................................................. 2,844 620
T O T AL CURRENT ASSETS....................................................................................................................... 425,670 341,123
Property and equipment,net [NOTES 6 AND 7]........................................................................................................... 211,856 203,946
Other assets.............................................................................................................................................................. 37,969 26,129
T O T AL ASSETS............................................................................................................................................... $675,495 $571,198
LIABILITIES AND GROUP EQUITY
CURRENT LIABILITIES:
Current installments of long-term debt [NOTE 7]...................................................................................................... $ 91,609 $ 1,250
Accounts payable..................................................................................................................................................... 75,959 59,838
Short-term debt [NOTE 7].......................................................................................................................................... 1,552 4,605
Accrued expenses and other current liabilities........................................................................................................ 19,856 8,556
Deferred income taxes [NOTE 8]................................................................................................................................ 7,147 7,674
T O T AL CURRENT LIABILITIES............................................................................................................ 196,123 81,923
Long-term debt,excluding current installments [NOTE 7]........................................................................................ 121,257 139,720
Deferred revenue and other liabilities..................................................................................................................... 7,249 5,015
Deferred income taxes [NOTE 8]................................................................................................................................ 5,877 4,125
T O T AL LIABILITIES.................................................................................................................................... 330,506 230,783
GROUP EQUITY............................................................................................................................................... 344,989 340,415
Commitments and contingent liabilities [NOTES 1,5,11, 12,14 AND 15]
T O T AL LIABILITIES AND GROUP EQUITY................................................................................... $675,495 $571,198
See accompanying notes to group financial statements.