CarMax 2001 Annual Report Download - page 36

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Consolidated Balance Sheets
33
CIRCUIT CITY STORES, INC. 2001 ANNUAL REPORT
Circuit City Stores, Inc.
At February 28 or 29
(Amounts in thousands except share data) 2001 2000
ASSETS
CURRENT ASSETS:
Cash and cash equivalents.................................................................................................................... $ 446,131 $ 643,933
Net accounts receivable [NOTE 12] ........................................................................................................... 585,761 593,276
Inventory ................................................................................................................................................ 1,757,664 1,689,209
Prepaid expenses and other current assets......................................................................................... 57,623 16,197
TOTAL CURRENT ASSETS........................................................................................................................... 2,847,179 2,942,615
Property and equipment, net [NOTES 4 AND 5] .......................................................................................... 988,947 965,181
Other assets............................................................................................................................................. 35,207 47,552
TOTAL ASSETS........................................................................................................................................... $3,871,333 $3,955,348
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current installments of long-term debt [NOTES 5 AND 10] ....................................................................... $ 132,388 $ 177,344
Accounts payable................................................................................................................................... 902,560 960,131
Short-term debt [NOTE 5] .......................................................................................................................... 1,200 3,005
Accrued expenses and other current liabilities..................................................................................162,972 204,561
Deferred income taxes [NOTE 6] ............................................................................................................... 92,479 61,118
TOTAL CURRENT LIABILITIES..................................................................................................................... 1,291,599 1,406,159
Long-term debt, excluding current installments [NOTES 5 AND 10] ........................................................ 116,137 249,241
Deferred revenue and other liabilities................................................................................................. 92,165 130,020
Deferred income taxes [NOTE 6] ............................................................................................................... 14,949 27,754
TOTAL LIABILITIES..................................................................................................................................... 1,514,850 1,813,174
STOCKHOLDERS’ EQUITY [NOTES 1 AND 7]:
Circuit City Group Common Stock, $0.50 par value; 350,000,000 shares authorized;
207,020,000 shares issued and outstanding (203,868,000 in 2000).......................................... 103,510 101,934
CarMax Group Common Stock, $0.50 par value; 175,000,000 shares authorized;
25,639,000 shares issued and outstanding (25,614,000 in 2000) .............................................. 12,820 12,807
Capital in excess of par value.............................................................................................................. 642,838 576,574
Retained earnings .................................................................................................................................. 1,597,315 1,450,859
TOTAL STOCKHOLDERS’ EQUITY.............................................................................................................. 2,356,483 2,142,174
Commitments and contingent liabilities [NOTES 1, 9, 10, 12, 13, 14, 15 and 16]
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY.................................................................................... $3,871,333 $3,955,348
See accompanying notes to consolidated financial statements.