O'Reilly Auto Parts 2004 Annual Report Download - page 37

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(In thousands, except per share data)
E CEMB E R 2004 2003
ASSETS
Current assets:
Cash and cash equivalents $ 69,028 $ 21,094
Accounts receivable, less allowance for doubtful accounts
of $3,417 in 2004 and $986 in 2003 60,928 52,235
Amounts receivable from vendors, net 52,976 50,695
Inventory 625,320 523,750
Deferred income taxes -4,753
Other current assets 5,225 4,399
Total current assets 813,477 656,926
Property and equipment, at cost:
Land 82,781 58,571
Buildings 278,752 212,937
Leasehold improvements 108,144 79,994
Furniture, fixtures and equipment 257,890 220,123
Vehicles 64,227 54,517
791,794 626,142
Accumulated depreciation and amortization 224,301 177,084
Net property and equipment 567,493 449,058
Notes receivable, less current portion 21,690 24,313
Other assets, net 29,697 26,736
Total assets $1,432,357 $1,157,033
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Income taxes payable $ 9,736 $ 6,872
Accounts payable 240,548 145,954
Self insurance reserve 25,174 18,847
Accrued payroll 15,130 17,307
Accrued benefits and withholdings 10,620 8,521
Deferred income taxes 7,198 -
Other current liabilities 24,817 16,883
Current portion of long-term debt 592 925
Total current liabilities 333,815 215,309
Long-term debt, less current portion 100,322 120,977
Deferred income taxes 38,440 29,448
Other liabilities 11,963 7,014
Commitments and contingencies --
Shareholders' equity:
Preferred stock, $0.01 par value:
Authorized shares – 5,000,000
Issued and outstanding shares – none - -
Common stock, $0.01 par value:
Authorized shares—90,000,000
Issued and outstanding shares— 55,377,130 in 2004 and 54,664,976 in 2003 554 554 547
Additional paid-in capital 326,650 302,691
Retained earnings 620,613 481,047
Total shareholders' equity 947,817 784,285
Total liabilities and shareholders' equity $1,432,357 $1,157,033
See accompanying notes.
2004 ANNUAL REPORT 35
CONSOLIDATED BALANCE SHEETS