Family Dollar 2003 Annual Report Download - page 25

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21
August 30, August 31,
(In thousands, except share amounts) 2003 2002
Assets
Current assets:
Cash and cash equivalents $206,731 $220,265
Merchandise inventories 854,370 766,631
Deferred income taxes (Note 5) 61,769 49,941
Income tax refund receivable (Note 5) —6,469
Prepayments and other current assets 33,622 12,553
Total current assets $1,156,492 $1,055,859
Property and equipment, net (Note 2) 812,123 685,617
Other assets 17,080 13,143
$1,985,695 $1,754,619
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable $401,799 $381,164
Accrued liabilities (Note 4) 192,861 149,616
Income taxes payable (Note 5) 671 —
Total current liabilities 595,331 530,780
Deferred income taxes (Note 5) $79,395 $68,891
Commitments and contingencies (Note 7)
Shareholders’ equity (Notes 8 and 9):
Preferred stock, $1 par; authorized and unissued 500,000 shares
Common stock, $.10 par; authorized 600,000,000 shares 18,691 18,583
Capital in excess of par 87,457 63,294
Retained earnings 1,315,600 1,118,015
1,421,748 1,199,892
Less common stock held in treasury, at cost 110,779 44,944
1,310,969 1,154,948
$1,985,695 $1,754,619
The accompanying notes are an integral part of the consolidated financial statements.
Family Dollar Stores, Inc. and Subsidiaries
Consolidated Balance Sheets