Henry Schein 2009 Annual Report Download - page 65

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See accompanying notes.
53
December 26, December 27,
2009 2008
(Adjusted - Notes 1 & 9)
ASSETS
Current assets:
Cash and cash equivalents ............................................................................................................ 471,154$ 369,570$
Accounts receivable, net of reserves of $51,724 and $42,855 ..................................................... 725,397 734,027
Inventories, net ............................................................................................................................. 775,199 731,654
Deferred income taxes .................................................................................................................. 48,001 36,974
Prepaid expenses and other .......................................................................................................... 183,782 193,841
Total current assets ............................................................................................................... 2,203,533 2,066,066
Property and equipment, net ............................................................................................................. 259,576 247,835
Goodwill ........................................................................................................................................... 986,395 922,952
Other intangibles, net ....................................................................................................................... 204,445 214,093
Investments and other ....................................................................................................................... 182,036 148,264
Total assets ........................................................................................................................... 3,835,985$ 3,599,210$
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable .......................................................................................................................... 521,079$ 554,773$
Bank credit lines ........................................................................................................................... 932 4,936
Current maturities of long-term debt ............................................................................................ 23,560 156,405
Accrued expenses:
Payroll and related .................................................................................................................... 155,298 135,523
Taxes ......................................................................................................................................... 86,034 69,792
Other ......................................................................................................................................... 289,351 262,236
Total current liabilities ......................................................................................................... 1,076,254 1,183,665
Long-term debt ................................................................................................................................. 243,373 256,648
Deferred income taxes ...................................................................................................................... 100,976 95,399
Other liabilities ................................................................................................................................. 75,304 58,109
Total liabilities ...................................................................................................................... 1,495,907 1,593,821
Redeemable noncontrolling interests ................................................................................................ 178,570 233,035
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value, 1,000,000 shares authorized,
none outstanding - -
Common stock, $.01 par value, 240,000,000 shares authorized,
90,630,889 outstanding on December 26, 2009 and
89,351,849 outstanding on December 27, 2008 ....................................................................... 906 894
Additional paid-in capital .............................................................................................................. 603,772 560,023
Retained earnings .......................................................................................................................... 1,492,607 1,181,454
Accumulated other comprehensive income .................................................................................. 64,194 29,721
Total Henry Schein, Inc. stockholders' equity ............................................................................... 2,161,479 1,772,092
Noncontrolling interest .................................................................................................................. 29 262
Total stockholders' equity ..................................................................................................... 2,161,508 1,772,354
Total liabilities, redeemable noncontrolling interests and stockholders' equity .................... 3,835,985$ 3,599,210$
HENRY SCHEIN, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)