Pep Boys 2006 Annual Report Download - page 71

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See notes to the consolidated financial statements
32
CONSOLIDATED BALANCE SHEETS
The Pep Boys—Manny, Moe & Jack and Subsidiaries
(dollar amounts in thousands, except share data)
February 3,
2007
January 28,
2006
ASSETS
Current Assets:
Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 21,884 $ 48,281
Accounts receivable, less allowance for uncollectible accounts of $1,505
and$1,188....................................................... 29,582 36,434
Merchandise inventories. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 607,042 616,292
Prepaidexpenses................................................... 39,264 40,952
Other............................................................. 70,368 85,446
Assetsheldfordisposal.............................................. — 652
Total Current Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 768,140 828,057
Property and Equipment—at cost:
Land . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 251,705 257,802
Buildings and improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 929,225 916,580
Furniture, fixtures and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 684,042 671,189
Constructioninprogress............................................. 3,464 15,858
1,868,436 1,861,429
Less accumulated depreciation and amortization . . . . . . . . . . . . . . . . . . . . . . . 962,189 914,040
Total Property and Equipment—Net. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 906,247 947,389
Deferredincometaxes ................................................ 24,828 —
Other............................................................... 67,984 46,307
Total Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,767,199 $1,821,753
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 265,489 $ 261,940
Trade payable program liability. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13,990 11,156
Accrued expenses. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 292,280 290,761
Deferredincometaxes .............................................. 28,931 15,417
Current maturities of long-term debt and obligations under capital lease. . . 3,490 1,257
Total Current Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 604,180 580,531
Long-term debt and obligations under capital leases, less current maturities. . 535,031 467,239
Convertible long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — 119,000
Otherlong-termliabilities ............................................. 60,233 57,481
Deferredincometaxes ................................................ — 2,937
Commitments and Contingencies
Stockholders’ Equity:
Common stock, par value $1 per share: Authorized 500,000,000 shares;
Issued68,557,041shares........................................... 68,557 68,557
Additional paid-in capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 289,384 288,098
Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 463,797 481,926
Accumulated other comprehensive loss. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (9,380) (3,565)
Less cost of shares in treasury—12,427,687 shares and 12,152,968 shares. . . 185,339 181,187
Lesscostofsharesinbenefitstrust—2,195,270shares................... 59,264 59,264
Total Stockholders’ Equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 567,755 594,565
Total Liabilities and Stockholders’ Equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,767,199 $1,821,753