CarMax 2013 Annual Report Download - page 45

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CONSOLIDATED BALANCE SHEETS
See accompanying notes to consolidated financial statements.
As of February 28 or 29
(In thousands except share data) 2013 2012
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 449,364 $ 442,658
Restricted cash from collections on auto loan receivables 224,287 204,314
Accounts receivable, net 91,961 86,434
Inventory 1,517,813 1,092,592
Deferred income taxes 5,193 9,938
Other current assets 21,513 17,512
TOTAL CURRENT ASSETS 2,310,131 1,853,448
Auto loan receivables, net 5,895,918 4,959,847
Property and equipment, net 1,428,970 1,278,722
Deferred income taxes 145,875 133,134
Other assets 107,708 106,392
TOTAL ASSETS $ 9,888,602 $ 8,331,543
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable $ 336,721 $ 324,827
Accrued expenses and other current liabilities 147,821 128,973
Accrued income taxes 222 3,125
Short-term debt 355 943
Current portion of finance and capital lease obligations 16,139 14,108
Current portion of non-recourse notes payable 182,915 174,337
TOTAL CURRENT LIABILITIES 684,173 646,313
Finance and capital lease obligations, excluding current portion 337,452 353,566
N
on-recourse notes payable, excluding current portion 5,672,175 4,509,752
Other liabilities 175,635 148,800
TOTAL LIABILITIES 6,869,435 5,658,431
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:
Common stock, $0.50 par value; 350,000,000 shares authorized;
225,906,108 and 227,118,666 shares issued and outstanding
as of February 28, 2013 and February 29, 2012, respectively 112,953 113,559
Capital in excess of par value 972,250 877,493
Accumulated other comprehensive loss (59,808) (62,459)
Retained earnings 1,993,772 1,744,519
TOTAL SHAREHOLDERS’ EQUITY 3,019,167 2,673,112
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 9,888,602 $ 8,331,543
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