Dollar General 2005 Annual Report Download - page 60

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
13. Guarantor subsidiaries
All of the Company’s subsidiaries, except for its not-for-profit subsidiary for which the assets and revenues are not
material (the “Guarantors”), have fully and unconditionally guaranteed on a joint and several basis the Company’s obliga-
tions under certain outstanding debt obligations. Each of the Guarantors is a direct or indirect wholly owned subsidiary of
the Company.
The following consolidating schedules present condensed financial information on a combined basis. Dollar amounts are
in thousands.
As of February 3, 2006
Dollar General Guarantor Consolidated
Corporation Subsidiaries Eliminations Total
BALANCE SHEET:
ASSETS
Current assets:
Cash and cash equivalents $ 110,410 $ 90,199 $ – $ 200,609
Short-term investments – 8,850 – 8,850
Merchandise inventories – 1,474,414 – 1,474,414
Deferred income taxes 11,808 104 – 11,912
Prepaid expenses and other current assets 89,100 794,873 (816,833) 67,140
Total current assets 211,318 2,368,440 (816,833) 1,762,925
Property and equipment, at cost 199,396 2,022,144 – 2,221,540
Less accumulated depreciation and amortization 94,701 934,667 – 1,029,368
Net property and equipment 104,695 1,087,477 – 1,192,172
Other assets, net 2,379,255 31,603 (2,373,768) 37,090
Total assets $2,695,268 $3,487,520 $(3,190,601) $ 2,992,187
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term obligations $ (800) $ 9,585 $ – $ 8,785
Accounts payable 789,497 536,097 (817,208) 508,386
Accrued expenses and other 25,473 347,072 375 372,920
Income taxes payable 89 43,617 – 43,706
Total current liabilities 814,259 936,371 (816,833) 933,797
Long-term obligations 153,756 1,429,116 (1,312,910) 269,962
Deferred income taxes 6,458 61,175 – 67,633
Shareholders’ equity:
Preferred stock – – – –
Common stock 157,840 23,853 (23,853) 157,840
Additional paid-in capital 462,383 673,612 (673,612) 462,383
Retained earnings 1,106,165 363,393 (363,393) 1,106,165
Accumulated other comprehensive loss (794) – – (794)
Other shareholders’ equity (4,799) – – (4,799)
Total shareholders’equity1,720,795 1,060,858 (1,060,858) 1,720,795
Total liabilities and shareholders’ equity $2,695,268 $3,487,520 $(3,190,601) $ 2,992,187
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