CarMax 2010 Annual Report Download - page 54

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44
CONSOLIDATED BALANCE SHEETS
CURRENT ASSETS:
Cash and cash equivalents 18,278$ 140,597$
Accounts receivable, net 99,434 75,876
A uto loan receivables h eld for s ale 30,578 9,748
Retained interest in securitized receivables 552,377 348,262
Inventory 843,133 703,157
Deferred tax asset 5,595 ―
Prepaid expenses and other current assets 7,017 10,112
TO TAL CURRENT ASSETS 1,556,412 1,287,752
Property and equipment, net 893,453 938,259
Deferred income taxes 57,234 103,163
Other assets 49,092 50,013
TO TA L A S S ETS 2,556,191$ 2,379,187$
CURRENT LIABILITIES:
Accounts payable 253,267$ 237,312$
Accrued expenses and other current liabilities 94,557 55,793
Accrued income taxes 6,327 26,551
Deferred income taxes ― 12,129
Short-term debt 883 878
Current portion of long-term debt 122,317 158,107
TO TAL CURRENT LIABILITIES 477,351 490,770
Long-term debt, excluding current portion 27,371 178,062
Deferred revenue and other liabilities 117,887 117,288
TO TAL LIAB ILITIES 622,609 786,120
Commitments and contingent liabilities
S H A R EH O LD ER S ’ EQ U ITY :
Common stock, $0.50 par value; 350,000,000 s hares authorized;
223,065,542 and 220,392,014 s hares issued and outstanding as of
February 28, 2010 and 2009, res pectively 111,533 110,196
Capital in exces s of par value 746,134 685,938
Accumulated other comprehensive loss (19,546) (16,860)
Retained earnings 1,095,461 813,793
TO TA L S H A R EH O LD ER S ’ EQ U ITY 1,933,582 1,593,067
TO TAL LIABILITIES AND SHAREHO LDERS’ EQ UITY 2,556,191$ 2,379,187$
As of February 28
(In thousands except share data)
A S S ETS
LIABILITIES AND SHAREHO LDERS’ EQ UITY
20092010
See accompanying notes to consolidated financial statements.