CarMax 2001 Annual Report Download - page 76

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At February 28 or 29
(Amounts in thousands) 2001 2000
ASSETS
CURRENT ASSETS:
Cash and cash equivalents..................................................................................................................... $ 8,802 $ 9,981
Net accounts receivable [NOTE 11] ............................................................................................................. 134,662 129,253
Inventory.................................................................................................................................................. 347,137 283,592
Prepaid expenses and other current assets .......................................................................................... 2,306 2,844
TOTAL CURRENT ASSETS ............................................................................................................................ 492,907 425,670
Property and equipment, net [NOTES 4 AND 5]............................................................................................ 192,158 211,856
Other assets .............................................................................................................................................. 25,888 37,969
TOTAL ASSETS ............................................................................................................................................ $710,953 $675,495
LIABILITIES AND GROUP EQUITY
CURRENT LIABILITIES:
Current installments of long-term debt [NOTE 5] .................................................................................... 108,151 $ 91,609
Accounts payable .................................................................................................................................... 82,483 75,959
Short-term debt [NOTE 5]............................................................................................................................ 987 1,552
Accrued expenses and other current liabilities ................................................................................... 16,154 19,856
Deferred income taxes [NOTE 6]................................................................................................................. 18,162 7,147
TOTAL CURRENT LIABILITIES ...................................................................................................................... 225,937 196,123
Long-term debt, excluding current installments [NOTE 5] ..................................................................... 83,057 121,257
Deferred revenue and other liabilities .................................................................................................. 6,836 7,249
Deferred income taxes [NOTE 6]................................................................................................................. 3,620 5,877
TOTAL LIABILITIES....................................................................................................................................... 319,450 330,506
GROUP EQUITY........................................................................................................................................... 391,503 344,989
Commitments and contingent liabilities [NOTES 1, 8, 9, 11, 12 AND 13]
TOTAL LIABILITIES AND GROUP EQUITY..................................................................................................... $710,953 $675,495
See accompanying notes to Group financial statements.
73
CIRCUIT CITY STORES, INC. 2001 ANNUAL REPORT
Carmax Group
CarMax Group Balance Sheets