CarMax 2014 Annual Report Download - page 48

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44
As of February 28
(In thousands except share data) 2014 2013
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $627,901 $ 449,364
Restricted cash from collections on auto loan receivables 259,299 224,287
Accounts receivable, net 79,923 91,961
Inventory 1,641,424 1,517,813
Deferred income taxes 7,866 5,193
Other current assets 26,811 21,513
TOTAL CURRENT ASSETS 2,643,224 2,310,131
Auto loan receivables, net 7,147,848 5,895,918
Property and equipment, net 1,652,977 1,428,970
Deferred income taxes 152,199 145,875
Other assets 110,909 107,708
TOTAL ASSETS $ 11,707,157 $ 9,888,602
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable $ 427,492 $ 336,721
Accrued expenses and other current liabilities 202,588 147,821
Accrued income taxes 2,438 222
Short-term debt 582 355
Current portion of finance and capital lease obligations 18,459 16,139
Current portion of non-recourse notes payable 223,938 182,915
TOTAL CURRENT LIABILITIES 875,497 684,173
Finance and capital lease obligations, excluding current portion 315,925 337,452
N
on-recourse notes payable, excluding current portion 7,024,506 5,672,175
Other liabilities 174,232 175,635
TOTAL LIABILITIES 8,390,160 6,869,435
Commitments and contingent liabilities
SHAREHOLDERS’ EQUITY:
Common stock, $0.50 par value; 350,000,000 shares authorized;
221,685,984 and 225,906,108 shares issued and outstanding
as of February 28, 2014 and 2013, respectively 110,843 112,953
Capital in excess of par value 1,038,209 972,250
Accumulated other comprehensive loss (46,271) (59,808)
Retained earnings 2,214,216 1,993,772
TOTAL SHAREHOLDERS’ EQUITY 3,316,997 3,019,167
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 11,707,157 $ 9,888,602