Albertsons 2003 Annual Report Download - page 42

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SUPERVALU INC. and Subsidiaries
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
February 22,
2003
February 23,
2002
ASSETS
Current Assets
Cash and cash equivalents $ 29,188 $ 12,171
Receivables, less allowance for losses of $21,913 in 2003 and $22,941 in 2002 ($264,392 in
2003 and $0 in 2002 pledged as collateral) 477,429 447,243
Inventories 1,049,283 1,038,050
Other current assets 91,466 78,030
Total current assets 1,647,366 1,575,494
Long-term notes receivable, less allowance for losses of $13,948 in 2003 and $18,876 in 2002 71,917 68,774
Long-term investment in direct financing leases 54,518 68,552
Property, plant and equipment
Land 167,065 172,385
Buildings 1,113,370 1,128,882
Property under construction 26,407 51,977
Leasehold improvements 334,339 285,842
Equipment 1,672,448 1,603,890
Assets under capital leases 575,262 546,289
3,888,891 3,789,265
Less accumulated depreciation and amortization
Owned property, plant and equipment 1,525,126 1,460,541
Assets under capital leases 142,915 120,091
Net property, plant and equipment 2,220,850 2,208,633
Goodwill 1,576,584 1,531,312
Other assets 325,010 343,484
Total assets $5,896,245 $5,796,249
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Notes payable $ 80,000 $ 24,000
Accounts payable 1,081,734 1,016,605
Accrued vacation, compensation and benefits 113,750 148,179
Current maturities of long-term debt 31,124 326,266
Current obligations under capital leases 30,456 30,142
Other current liabilities 188,243 135,038
Total current liabilities 1,525,307 1,680,230
Long-term debt 1,474,929 1,342,428
Long-term obligations under capital leases 544,729 533,445
Deferred income taxes 116,982 90,031
Other liabilities 225,058 250,977
Commitments and contingencies
Stockholders’ equity
Common stock, $1.00 par value: Authorized 200,000 shares
Shares issued, 150,670 in 2003 and 2002 150,670 150,670
Capital in excess of par value 114,028 121,444
Accumulated other comprehensive losses (79,063) (7,075)
Retained earnings 2,150,932 1,969,984
Treasury stock, at cost, 16,982 shares in 2003 and 17,781 shares in 2002 (327,327) (335,885)
Total stockholders’ equity 2,009,240 1,899,138
Total liabilities and stockholders’ equity $5,896,245 $5,796,249
See notes to consolidated financial statements.
F-7