Office Depot 2001 Annual Report Download - page 36

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34
Office Depot, Inc.
Consolidated Balance Sheets
(In thousands, except share and per share amounts)
December 29, December 30,
2001 2000
Assets
Current assets:
Cash and cash equivalents $ 563,410 $ 151,482
Receivables, net of allowances of $32,682 in 2001 and $34,461 in 2000 781,476 896,333
Merchandise inventories, net 1,259,522 1,420,825
Deferred income taxes 148,490 157,779
Prepaid expenses 53,292 72,670
Total current assets 2,806,190 2,699,089
Property and equipment, net 1,110,011 1,119,306
Goodwill, net 249,560 219,971
Other assets 165,882 157,968
Total assets $4,331,643 $4,196,334
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable $1,060,968 $1,136,994
Accrued expenses and other liabilities 612,999 580,966
Income taxes payable 109,026 37,118
Current maturities of long-term debt 318,521 153,259
Total current liabilities 2,101,514 1,908,337
Deferred income taxes and other credits 64,139 88,247
Long-term debt, net of current maturities 315,331 374,061
Zero coupon, convertible subordinated notes 2,221 224,438
Commitments and contingencies
Stockholders’ equity:
Common stock—authorized 800,000,000 shares of $.01 par value;
issued 385,538,340 in 2001 and 378,688,359 in 2000 3,855 3,787
Additional paid-in capital 1,007,088 939,214
Unamortized value of long-term incentive stock grant (2,578) (2,793)
Accumulated other comprehensive loss (71,273) (53,490)
Retained earnings 1,717,734 1,516,691
Treasury stock, at cost—82,443,170 shares in 2001 and 82,190,548 shares in 2000 (806,388) (802,158)
Total stockholders’ equity 1,848,438 1,601,251
Total liabilities and stockholders’ equity $4,331,643 $4,196,334
The accompanying notes are an integral part of these statements.