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FORM 10-K
Consolidated Balance Sheets
(In thousands, except share data)
December 31,
2015 2014
(As Adjusted, Note)
Assets
Current assets:
Cash and cash equivalents $ 116,301 $ 250,560
Accounts receivable, less allowance for doubtful accounts $9,637 in 2015 and $8,713 in 2014 161,078 143,900
Amounts receivable from suppliers 72,609 69,311
Inventory 2,631,015 2,554,789
Other current assets 29,023 46,820
Total current assets 3,010,026 3,065,380
Property and equipment, at cost 4,372,250 3,993,509
Less: accumulated depreciation and amortization 1,510,694 1,334,949
Net property and equipment 2,861,556 2,658,560
Notes receivable, less current portion 13,219 13,349
Goodwill 757,142 756,384
Other assets, net 34,741 38,410
Total assets $ 6,676,684 $ 6,532,083
Liabilities and shareholders' equity
Current liabilities:
Accounts payable $ 2,608,231 $ 2,417,167
Self-insurance reserves 72,741 64,882
Accrued payroll 59,101 78,442
Accrued benefits and withholdings 72,203 62,946
Income taxes payable 1,444 —
Other current liabilities 232,678 189,836
Current portion of long-term debt —25
Total current liabilities 3,046,398 2,813,298
Long-term debt, less current portion 1,390,018 1,388,397
Deferred income taxes 79,772 102,422
Other liabilities 199,182 209,548
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 – 245,000,000
Issued and outstanding shares –
97,737,171 as of December 31, 2015, and
101,602,935 as of December 31, 2014 977 1,016
Additional paid-in capital 1,281,497 1,194,929
Retained earnings 678,840 822,473
Total shareholders' equity 1,961,314 2,018,418
Total liabilities and shareholders' equity $ 6,676,684 $ 6,532,083
Note: Certain prior period amounts have been reclassified to conform to current period presentation. See Note 1 "Summary of Significant Accounting
Policies" to the Consolidated Financial Statements for more information.
See accompanying Notes to Consolidated Financial Statements.