Napa Auto Parts 2002 Annual Report Download - page 27

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25
consolidated balance sheets
(dollars in thousands) December 31, 2002 2001
Assets
Current Assets:
Cash and cash equivalents $ 19,995 $ 85,770
Trade accounts receivable 1,039,843 1,010,728
Merchandise inventories 2,144,787 1,890,037
Prepaid expenses and other assets 131,150 159,677
Total Current Assets 3,335,775 3,146,212
Goodwill and Intangible Assets, less accumulated amortization 58,705 442,078
Other Assets 292,312 273,224
Property, Plant and Equipment:
Land 36,562 37,465
Buildings, less allowance for depreciation (2002—$105,348; 2001—$101,914) 124,546 127,639
Machinery and equipment, less allowance for depreciation
(2002—$360,732; 2001—$341,933) 171,943 180,028
Net Property, Plant and Equipment 333,051 345,132
$4,019,843 $4,206,646
Liabilities and Shareholders’ Equity
Current Liabilities:
Trade accounts payable $ 735,183 $644,084
Current portion of long-term debt and other borrowings 116,905 57,190
Accrued compensation 63,825 62,395
Other accrued expenses 81,882 106,099
Dividends payable 50,557 49,413
Income taxes payable 21,366 —
Total Current Liabilities 1,069,718 919,181
Long-Term Debt 674,796 835,580
Deferred Income Taxes 97,912 60,985
Minority Interests in Subsidiaries 47,408 45,777
Shareholders’ Equity:
Preferred Stock, par value $1 per share—authorized
10,000,000 shares; none issued ——
Common Stock, par value $1 per share—authorized
450,000,000 shares; issued 174,380,634 shares in 2002 and
173,473,944 shares in 2001 174,381 173,474
Additional paid-in capital 44,371 16,080
Accumulated other comprehensive loss (60,522) (46,094)
Retained earnings 1,971,779 2,201,663
Total Shareholders’ Equity 2,130,009 2,345,123
$4,019,843 $4,206,646
See accompanying notes.