Pep Boys 2014 Annual Report Download - page 42

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THE PEP BOYS—MANNY, MOE & JACK AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(dollar amounts in thousands, except share data)
January 31, February 1,
2015 2014
ASSETS
Current assets:
Cash and cash equivalents .................................... $ 38,044 $ 33,431
Accounts receivable, less allowance for uncollectible accounts of $1,604 and
$1,320 ................................................. 31,013 25,152
Merchandise inventories ..................................... 656,957 672,354
Prepaid expenses ........................................... 27,952 29,282
Other current assets ........................................ 55,986 63,405
Assets held for disposal ...................................... 2,648 2,013
Total current assets ....................................... 812,600 825,637
Property and equipment—net of accumulated depreciation of $1,251,797 and
$1,227,121 ................................................ 604,380 625,525
Goodwill .................................................. 32,869 56,794
Deferred income taxes ........................................ 56,571 57,686
Other long-term assets ........................................ 35,321 39,839
Total assets ............................................... $1,541,741 $1,605,481
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable .......................................... $ 227,132 $ 256,031
Trade payable program liability ................................ 140,904 129,801
Accrued expenses .......................................... 226,176 237,403
Deferred income taxes ....................................... 61,216 69,373
Current maturities of long-term debt ............................ 2,000 2,000
Total current liabilities ..................................... 657,428 694,608
Long-term debt less current maturities ............................. 211,000 199,500
Other long-term liabilities ...................................... 45,567 48,485
Deferred gain from asset sales ................................... 103,596 114,823
Commitments and contingencies
Stockholders’ equity:
Common stock, par value $1 per share: authorized 500,000,000 shares;
issued 68,557,041 shares .................................... 68,557 68,557
Additional paid-in capital ..................................... 298,299 297,009
Retained earnings .......................................... 397,890 432,332
Accumulated other comprehensive (loss) income .................... (391) 379
Treasury stock, at cost—14,988,205 shares and 15,358,872 shares ........ (240,205) (250,212)
Total stockholders’ equity ................................... 524,150 548,065
Total liabilities and stockholders’ equity ............................ $1,541,741 $1,605,481
See notes to the consolidated financial statements.
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