Albertsons 2004 Annual Report Download - page 54

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SUPERVALU INC. and Subsidiaries
CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
February 28,
2004
February 22,
2003
ASSETS
Current Assets
Cash and cash equivalents $ 291,956 $ 29,188
Receivables, less allowance for losses of $18,531 in 2004 and $21,913 in 2003 ($0 in 2004 and
$264,392 in 2003 pledged as collateral) 447,872 477,429
Inventories 1,078,343 1,049,283
Other current assets 218,921 91,466
Total current assets 2,037,092 1,647,366
Long-term notes receivable, less allowance for losses of $15,913 in 2004 and $13,948 in 2003 61,041 71,917
Long-term investment in direct financing leases 68,688 54,518
Property, plant and equipment
Land 143,037 167,065
Buildings 1,103,569 1,113,370
Property under construction 6,200 26,407
Leasehold improvements 365,858 334,339
Equipment 1,651,385 1,672,448
Assets under capital leases 563,412 575,262
3,833,461 3,888,891
Less accumulated depreciation and amortization
Owned property, plant and equipment 1,546,201 1,525,126
Assets under capital leases 152,824 142,915
Net property, plant and equipment 2,134,436 2,220,850
Goodwill 1,557,057 1,576,584
Other assets 294,624 325,010
Total assets $6,152,938 $5,896,245
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities
Notes payable $—$80,000
Accounts payable 1,118,114 1,081,734
Accrued vacation, compensation and benefits 248,769 182,234
Current maturities of long-term debt 273,811 31,124
Current obligations under capital leases 32,133 30,456
Income taxes currently payable 106,577 23,796
Other current liabilities 92,568 74,958
Total current liabilities 1,871,972 1,504,302
Long-term debt 1,111,486 1,474,929
Long-term obligations under capital leases 522,235 544,729
Deferred income taxes 143,072 116,982
Other liabilities 294,599 246,063
Commitments and contingencies
Stockholders’ equity
Common stock, $1.00 par value: Authorized 200,000 shares
Shares issued, 150,670 in 2004 and 2003 150,670 150,670
Capital in excess of par value 102,352 114,028
Accumulated other comprehensive losses (98,732) (79,063)
Retained earnings 2,353,575 2,150,932
Treasury stock, at cost, 15,910 shares in 2004 and 16,982 shares in 2003 (298,291) (327,327)
Total stockholders’ equity 2,209,574 2,009,240
Total liabilities and stockholders’ equity $6,152,938 $5,896,245
See notes to consolidated financial statements.
F-7