Albertsons 2002 Annual Report Download - page 23

Download and view the complete annual report

Please find page 23 of the 2002 Albertsons annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 40

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40

(In thousands, except per share data) February 23, 2002 February 24, 2001
Assets
Current Assets
Cash and cash equivalents $ 12,171 $ 10,396
Receivables, less allowance for losses of $22,941 in 2002 and $22,750 in 2001 467,790 591,077
Inventories 1,046,036 1,350,061
Other current assets 78,030 101,104
Total current assets 1,604,027 2,052,638
Long-term notes receivable, less allowance for losses of $18,876 in 2002 and $18,449 in 2001 68,774 79,196
Long-term investment in direct financing leases 68,552 74,038
Property, plant and equipment
Land 172,385 166,505
Buildings 1,128,882 1,051,027
Property under construction 51,977 57,631
Leasehold improvements 285,842 286,316
Equipment 1,603,890 1,645,641
Assets under capital leases 546,289 556,902
3,789,265 3,764,022
Less accumulated depreciation and amortization
Owned property, plant and equipment 1,460,541 1,416,538
Assets under capital leases 120,091 114,690
Net property, plant and equipment 2,208,633 2,232,794
Goodwill 1,531,312 1,576,780
Other assets 343,484 344,534
Total assets $5,824,782 $6,359,980
Liabilities and Stockholders’ Equity
Current Liabilities
Notes payable $ 27,465 $ 579,039
Accounts payable 1,013,140 1,396,011
Accrued vacation, compensation and benefits 148,179 119,960
Current maturities of long-term debt 326,266 23,171
Current obligations under capital leases 30,142 31,497
Other current liabilities 156,297 158,646
Total current liabilities 1,701,489 2,308,324
Long-term debt 1,342,428 1,444,376
Long-term obligations under capital leases 533,445 564,098
Deferred income taxes 79,750 15,310
Other liabilities 250,977 234,377
Commitments and contingencies
Stockholders’ equity
Common stock, $1.00 par value: Authorized 200,000 shares
Shares issued, 150,670 in 2002 and 2001 150,670 150,670
Capital in excess of par value 121,444 128,492
Other comprehensive loss (7,075) —
Retained earnings 1,987,539 1,856,433
Treasury stock, at cost, shares 17,781 in 2002 and 18,296 in 2001 (335,885) (342,100)
Total stockholders’ equity 1,916,693 1,793,495
Total liabilities and stockholders’ equity $5,824,782 $6,359,980
See notes to consolidated financial statements.
Consolidated Balance Sheets
21