Home Depot 2002 Annual Report Download - page 31

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CONSOLIDATED BALANCE SHEETS
THE HOME DEPOT, INC. AND SUBSIDIARIES
February 2, February 3,
amounts in millions, except per share data 2003 2002
ASSETS
Current Assets:
Cash and Cash Equivalents $ 2,188 $ 2,477
Short-Term Investments, including current maturities
of long-term investments 65 69
Receivables, net 1,072 920
Merchandise Inventories 8,338 6,725
Other Current Assets 254 170
Total Current Assets 11,917 10,361
Property and Equipment, at cost:
Land 5,560 4,972
Buildings 9,197 7,698
Furniture, Fixtures and Equipment 4,074 3,403
Leasehold Improvements 872 750
Construction in Progress 724 1,049
Capital Leases 306 257
20,733 18,129
Less Accumulated Depreciation and Amortization 3,565 2,754
Net Property and Equipment 17,168 15,375
Notes Receivable 107 83
Cost in Excess of the Fair Value of Net Assets Acquired,
net of accumulated amortization of $50 at
February 2, 2003 and $49 at February 3, 2002 575 419
Other Assets 244 156
$30,011 $26,394
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts Payable $ 4,560 $ 3,436
Accrued Salaries and Related Expenses 809 717
Sales Taxes Payable 307 348
Deferred Revenue 998 851
Income Taxes Payable 227 211
Other Accrued Expenses 1,134 938
Total Current Liabilities 8,035 6,501
Long-Term Debt, excluding current installments 1,321 1,250
Other Long-Term Liabilities 491 372
Deferred Income Taxes 362 189
STOCKHOLDERS’ EQUITY
Common Stock, par value $0.05; authorized: 10,000 shares,
issued and outstanding 2,362 shares at February 2, 2003
and 2,346 shares at February 3, 2002 118 117
Paid-In Capital 5,858 5,412
Retained Earnings 15,971 12,799
Accumulated Other Comprehensive Loss (82) (220)
Unearned Compensation (63) (26)
Treasury Stock, at cost, 69 shares at February 2, 2003 (2,000) –
Total Stockholders’ Equity 19,802 18,082
$30,011 $26,394
See accompanying notes to consolidated financial statements. THE HOME DEPOT, INC. 2002 ANNUAL REPORT 29