Ingram Micro 2008 Annual Report Download - page 54

Download and view the complete annual report

Please find page 54 of the 2008 Ingram Micro annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 100

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100

INGRAM MICRO INC.
CONSOLIDATED BALANCE SHEET
(Dollars in 000s, except share data)
2008 2007
Fiscal Year End
ASSETS
Current assets:
Cash and cash equivalents......................................... $ 763,495 $ 579,626
Trade accounts receivable (less allowances of $73,638 and $83,155) ......... 3,179,455 4,054,824
Inventories .................................................... 2,306,617 2,766,148
Other current assets ............................................. 425,270 520,069
Total current assets ............................................ 6,674,837 7,920,667
Property and equipment, net ......................................... 202,142 181,416
Goodwill ....................................................... — 733,481
Other assets ..................................................... 206,494 139,437
Total assets .................................................. $7,083,473 $8,975,001
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ............................................... $3,427,362 $4,349,700
Accrued expenses ............................................... 485,573 602,295
Current maturities of long-term debt ................................. 121,724 135,616
Total current liabilities ......................................... 4,034,659 5,087,611
Long-term debt, less current maturities ................................. 356,664 387,500
Other liabilities .................................................. 36,305 72,948
Total liabilities ............................................... 4,427,628 5,548,059
Commitments and contingencies (Note 10)
Stockholders’ equity:
Preferred Stock, $0.01 par value, 25,000,000 shares authorized; no shares issued
and outstanding............................................... — —
Class A Common Stock, $0.01 par value, 500,000,000 shares authorized;
176,582,434 and 174,243,838 shares issued and 161,330,221 and
172,942,347 shares outstanding in 2008 and 2007, respectively............ 1,766 1,742
Class B Common Stock, $0.01 par value, 135,000,000 shares authorized; no
shares issued and outstanding .................................... — —
Additional paid-in capital ......................................... 1,145,145 1,114,031
Treasury stock, 15,252,213 shares in 2008 and 1,301,491 shares in 2007 ...... (246,314) (25,061)
Retained earnings ............................................... 1,680,557 2,075,478
Accumulated other comprehensive income............................. 74,691 260,752
Total stockholders’ equity ....................................... 2,655,845 3,426,942
Total liabilities and stockholders’ equity . . . ......................... $7,083,473 $8,975,001
See accompanying notes to these consolidated financial statements.
44