AutoNation 2003 Annual Report Download - page 47
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Table of Contents
AUTONATION, INC.
CONSOLIDATED BALANCE SHEETS
As of December 31,
(In millions, except share data)
2003 2002
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $170.8 $176.2
Receivables, net 768.3 759.8
Inventory 2,919.3 2,598.4
Other current assets 131.9 94.7
Total Current Assets 3,990.3 3,629.1
RESTRICTED ASSETS 65.8 100.8
PROPERTY AND EQUIPMENT, NET 1,696.7 1,678.4
INTANGIBLE ASSETS, NET 2,894.6 2,893.7
OTHER ASSETS 175.7 200.7
Total Assets $8,823.1 $8,502.7
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Floorplan notes payable $2,809.8 $2,302.5
Accounts payable 176.4 163.3
Notes payable and current maturities of long-term
obligations 15.9 8.6
Other current liabilities 807.4 506.3
Total Current Liabilities 3,809.5 2,980.7
LONG-TERM DEBT, NET OF CURRENT MATURITIES 808.5 642.7
DEFERRED INCOME TAXES AND OTHER TAX
LIABILITIES 176.4 865.3
OTHER LIABILITIES 79.0 103.8
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; 293,562,137 and
333,505,325 shares issued and outstanding including
shares held in treasury, respectively
2.9
3.3
Additional paid-in capital 2,581.0 3,044.1
Retained earnings 1,742.4 1,263.2
Accumulated other comprehensive income (loss) (3.2) 4.2
Treasury stock, at cost; 23,848,974 and
35,489,409 shares held, respectively (373.4) (404.6)
Total Shareholders’ Equity 3,949.7 3,910.2
Total Liabilities and Shareholders’ Equity $8,823.1 $8,502.7
The accompanying notes are an integral part of these statements.
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