CarMax 2001 Annual Report Download - page 58

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Circuit City Group
At February 28 or 29
(Amounts in thousands) 2001 2000
ASSETS
CURRENT ASSETS:
Cash and cash equivalents..................................................................................................................... $ 437,329 $ 633,952
Net accounts receivable [NOTE 10] ............................................................................................................. 451,099 464,023
Merchandise inventory........................................................................................................................... 1,410,527 1,405,617
Prepaid expenses and other current assets .......................................................................................... 55,317 13,353
TOTAL CURRENT ASSETS ............................................................................................................................ 2,354,272 2,516,945
Property and equipment, net [NOTES 3 AND 4]............................................................................................ 796,789 753,325
Inter-Group Interest in the CarMax Group [NOTE 2] .............................................................................. 292,179 257,535
Other assets .............................................................................................................................................. 9,319 9,583
TOTAL ASSETS ............................................................................................................................................ $3,452,559 $3,537,388
LIABILITIES AND GROUP EQUITY
CURRENT LIABILITIES:
Current installments of long-term debt [NOTES 4 AND 8] .......................................................................... $ 24,237 $ 85,735
Accounts payable .................................................................................................................................... 820,077 884,172
Short-term debt [NOTE 4]............................................................................................................................ 213 1,453
Accrued expenses and other current liabilities ................................................................................... 146,818 184,705
Deferred income taxes [NOTE 5]................................................................................................................. 74,317 53,971
TOTAL CURRENT LIABILITIES ...................................................................................................................... 1,065,662 1,210,036
Long-term debt, excluding current installments [NOTES 4 AND 8] ........................................................... 33,080 127,984
Deferred revenue and other liabilities .................................................................................................. 85,329 122,771
Deferred income taxes [NOTE 5]................................................................................................................. 11,329 21,877
TOTAL LIABILITIES ...................................................................................................................................... 1,195,400 1,482,668
GROUP EQUITY.......................................................................................................................................... 2,257,159 2,054,720
Commitments and contingent liabilities [NOTES 1, 7, 8, 10, 11, 12, AND 13]
TOTAL LIABILITIES AND GROUP EQUITY..................................................................................................... $3,452,559 $3,537,388
See accompanying notes to Group financial statements.
55
CIRCUIT CITY STORES, INC. 2001 ANNUAL REPORT
Circuit City Group Balance Sheets