AutoZone 2005 Annual Report Download - page 34

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24
(in thousands, except per share data)
August฀27,฀฀
2005
August 28,
2004
Assets
Current assets:
Cash and cash equivalents $฀ 74,810 $ 76,852
Accounts receivable 118,263 68,372
Merchandise inventories 1,663,860 1,561,479
Other current assets 72,526 49,054
Total current assets 1,929,459 1,755,757
Property and equipment:
Land 559,231 538,920
Buildings and improvements 1,450,814 1,370,079
Equipment 662,495 574,882
Leasehold improvements 150,846 137,562
Construction in progress 155,251 87,694
2,978,637 2,709,137
Less: Accumulated depreciation and amortization 1,041,022 919,048
1,937,615 1,790,089
Goodwill, net of accumulated amortization 302,699 301,015
Deferred income taxes 32,917 —
Other long-term assets 42,567 65,704
378,183 366,719
$฀4,245,257 $ 3,912,565
Liabilities฀and฀Stockholders’฀Equity
Current liabilities:
Accounts payable $฀1,539,776 $ 1,429,128
Accrued expenses 255,672 243,816
Income taxes payable 4,753 72,096
Deferred income taxes 10,958 6,011
Total current liabilities 1,811,159 1,751,051
Long-term debt 1,861,850 1,869,250
Other liabilities 181,241 115,143
Deferred income taxes —5,728
Commitments and contingencies ——
Stockholders’ equity:
Preferred stock, authorized 1,000 shares; no shares issued ——
Common stock, par value $.01 per share, authorized 200,000 shares; 81,111 shares issued and 76,539 shares
outstanding in 2005 and 89,393 shares issued and 79,628 shares outstanding in 2004 811 894
Additional paid-in capital 462,289 414,231
Retained earnings 370,276 580,147
Accumulated other comprehensive loss (36,581) (15,653)
Treasury stock, at cost (405,788) (808,226)
Total stockholders’ equity 391,007 171,393
$4,245,257 $ 3,912,565
See Notes to Consolidated Financial Statements.
Consolidated Balance Sheets