AutoNation 2001 Annual Report Download - page 47

Download and view the complete annual report

Please find page 47 of the 2001 AutoNation 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 97

  • 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
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97

Fort Lauderdale, Florida,
February 7, 2002.
42
AUTONATION, INC.
CONSOLIDATED BALANCE SHEETS
AS OF DECEMBER 31,
(IN MILLIONS, EXCEPT SHARE DATA)
2001 2000
-------- --------
ASSETS
CURRENT ASSETS:
Cash and cash equivalents................................. $ 128.1 $ 84.6
Receivables, net.......................................... 802.2 957.9
Inventory................................................. 2,178.5 2,774.4
Other current assets, net................................. 43.7 62.5
-------- --------
Total Current Assets.............................. 3,152.5 3,879.4
RESTRICTED ASSETS........................................... 199.9 160.8
PROPERTY AND EQUIPMENT, NET................................. 1,583.3 1,528.6
INTANGIBLE ASSETS, NET...................................... 2,865.2 2,920.2
OTHER ASSETS, NET........................................... 264.5 378.3
-------- --------
Total Assets...................................... $8,065.4 $8,867.3
======== ========
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
Floorplan notes payable................................... $1,900.7 $2,454.0
Accounts payable.......................................... 149.7 143.2
Notes payable and current maturities of long-term debt.... 7.9 6.8
Other current liabilities................................. 519.8 574.6
-------- --------
Total Current Liabilities......................... 2,578.1 3,178.6
LONG-TERM DEBT, NET OF CURRENT MATURITIES................... 647.3 850.4
DEFERRED INCOME TAXES....................................... 853.8 877.2
OTHER LIABILITIES........................................... 158.3 118.6
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:
Preferred stock, par value $.01 per share; 5,000,000
shares authorized; none issued......................... -- --
Common stock, par value $.01 per share; 1,500,000,000
shares authorized; 476,472,730 and 475,559,195 shares
issued and outstanding including shares held in
treasury, respectively................................. 4.8 4.8
Additional paid-in capital................................ 4,674.0 4,664.7
Retained earnings......................................... 881.6 649.3
Accumulated other comprehensive income.................... 1.6 1.0
Treasury stock, at cost; 154,759,709 and 127,473,709
shares held, respectively.............................. (1,734.1) (1,477.3)
-------- --------
Total Shareholders' Equity........................ 3,827.9 3,842.5
-------- --------
Total Liabilities and Shareholders' Equity........ $8,065.4 $8,867.3
======== ========
The accompanying notes are an integral part of these statements.