Home Depot 2003 Annual Report Download - page 25

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The Home Depot, Inc. | 23
Consolidated Balance Sheets
The Home Depot, Inc. and Subsidiaries
February 1,February 2,
amounts in millions 2004 2003
ASSETS
Current Assets:
Cash and Cash Equivalents $ 2,826 $ 2,188
Short-Term Investments, including current maturities of long-term investments 26 65
Receivables, net 1,097 1,072
Merchandise Inventories 9,076 8,338
Other Current Assets 303 254
Total Current Assets 13,328 11,917
Property and Equipment, at cost:
Land 6,397 5,560
Buildings 10,920 9,197
Furniture, Fixtures and Equipment 5,163 4,074
Leasehold Improvements 942 872
Construction in Progress 820 724
Capital Leases 352 306
24,594 20,733
Less Accumulated Depreciation and Amortization 4,531 3,565
Net Property and Equipment 20,063 17,168
Notes Receivable 84 107
Cost in Excess of the Fair Value of Net Assets Acquired, net of accumulated
amortization of $54 at February 1, 2004 and $50 at February 2, 2003 833 575
Other Assets 129 244
Total Assets $34,437 $30,011
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts Payable $ 5,159 $ 4,560
Accrued Salaries and Related Expenses 801 809
Sales Taxes Payable 419 307
Deferred Revenue 1,281 998
Income Taxes Payable 175 227
Current Installments of Long-Term Debt 509 7
Other Accrued Expenses 1,210 1,127
Total Current Liabilities 9,554 8,035
Long-Term Debt, excluding current installments 856 1,321
Other Long-Term Liabilities 653 491
Deferred Income Taxes 967 362
STOCKHOLDERS’ EQUITY
Common Stock, par value $0.05; authorized: 10,000 shares, issued and outstanding
2,373 shares at February 1, 2004 and 2,362 shares at February 2, 2003 119 118
Paid-In Capital 6,184 5,858
Retained Earnings 19,680 15,971
Accumulated Other Comprehensive Income (Loss) 90 (82)
Unearned Compensation (76) (63)
Treasury Stock, at cost, 116 shares at February 1, 2004 and 69 shares at February 2, 2003 (3,590) (2,000)
Total Stockholders’ Equity 22,407 19,802
Total Liabilities and Stockholders’ Equity $34,437 $30,011
See accompanying Notes to Consolidated Financial Statements.