Pep Boys 2008 Annual Report Download - page 126
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THE PEP BOYS—MANNY, MOE & JACK AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
Years ended January 31, 2009, February 2, 2008 and February 3, 2007
(dollar amounts in thousands, except share data)
CONDENSED CONSOLIDATING BALANCE SHEET
Subsidiary Subsidiary Non- Consolidation/
As of January 31, 2009 Pep Boys Guarantors Guarantors Elimination Consolidated
ASSETS
Current Assets:
Cash and cash equivalents ............. $ 12,753 $ 6,393 $ 2,186 $ — $ 21,332
Accounts receivable, net .............. 16,571 12,260 — — 28,831
Merchandise inventories .............. 199,304 365,627 — — 564,931
Prepaid expenses ................... 13,597 15,820 13,919 (17,946) 25,390
Other ........................... 1,193 11 66,797 (5,580) 62,421
Assets held for disposal .............. 1,830 10,823 — — 12,653
Total Current Assets ................. 245,248 410,934 82,902 (23,526) 715,558
Property and Equipment—Net .......... 239,859 487,956 32,226 (19,710) 740,331
Investment in subsidiaries ............. 1,699,568 — — (1,699,568) —
Intercompany receivable .............. — 989,077 85,145 (1,074,222) —
Deferred income taxes ............... 24,075 53,633 — — 77,708
Other ........................... 17,614 1,178 — — 18,792
Total Assets ...................... $2,226,364 $1,942,778 $200,273 $(2,817,026) $1,552,389
LIABILITIES AND STOCKHOLDERS’
EQUITY
Current Liabilities:
Accounts payable ................... $ 212,331 $ 9 $ — $ — $ 212,340
Trade payable program liability ......... 31,930 — — — 31,930
Accrued expenses .................. 28,802 67,748 175,985 (17,781) 254,754
Deferred income taxes ............... 16,355 25,238 — (5,745) 35,848
Current maturities of long-term debt and
obligations under capital leases ........ 1,208 245 — — 1,453
Total Current Liabilities .............. 290,626 93,240 175,985 (23,526) 536,325
Long-term debt and obligations under
capital leases, less current maturities .... 332,682 19,700 — — 352,382
Other long-term liabilities ............. 34,868 35,454 — — 70,322
Deferred gain from asset sales .......... 70,810 119,104 — (19,710) 170,204
Intercompany liabilities ............... 1,074,222 — — (1,074,222) —
Stockholders’ Equity ................. 423,156 1,675,280 24,288 (1,699,568) 423,156
Total Liabilities and Stockholders’ Equity . . $2,226,364 $1,942,778 $200,273 $(2,817,026) $1,552,389
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