AutoNation 2007 Annual Report Download - page 49
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Table of Contents
CURRENT ASSETS:
Cash and cash equivalents $ 32.8 $ 52.8
Receivables, net 714.1 795.0
Inventory 2,325.7 2,305.0
Other current assets 165.8 295.6
Total Current Assets 3,238.4 3,448.4
PROPERTY AND EQUIPMENT, NET 1,986.6 1,893.8
GOODWILL, NET 2,757.4 2,767.5
OTHER INTANGIBLE ASSETS, NET 319.9 317.2
OTHER ASSETS 177.3 174.5
Total Assets $ 8,479.6 $ 8,601.4
CURRENT LIABILITIES:
Vehicle floorplan payable — trade $ 1,721.9 $ 1,992.2
Vehicle floorplan payable — non-trade 459.9 221.4
Accounts payable 211.5 208.3
Notes payable and current maturities of long-term obligations 23.9 13.6
Other current liabilities 484.6 579.1
Total Current Liabilities 2,901.8 3,014.6
LONG-TERM DEBT, NET OF CURRENT MATURITIES 1,751.9 1,557.9
DEFERRED INCOME TAXES 220.7 225.4
OTHER LIABILITIES 131.7 90.8
COMMITMENTS AND CONTINGENCIES (Note 8)
SHAREHOLDERS’ EQUITY:
Preferred stock, par value $0.01 per share; 5,000,000 shares authorized; none issued — —
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 193,562,149 and
223,562,149 shares issued, respectively, including shares held in treasury 1.9 2.2
Additional paid-in capital 461.0 1,092.0
Retained earnings 3,266.1 2,989.4
Accumulated other comprehensive loss (0.2) (0.4)
Treasury stock, at cost; 13,205,583 and 16,809,630 shares held, respectively (255.3) (370.5)
Total Shareholders’ Equity 3,473.5 3,712.7
Total Liabilities and Shareholders’ Equity $ 8,479.6 $ 8,601.4
The accompanying notes are an integral part of these statements.
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