AutoZone 2008 Annual Report Download - page 103
Download and view the complete annual report
Please find page 103 of the 2008 AutoZone 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.
DGGLWLRQWRWKH%DVH5HWDLQHUZLOOUHFHLYHRQ-DQXDU\GXULQJWKHLUILUVWWZR\HDUVRIVHUYLFHDVDGLUHFWRUDQRSWLRQ
WRSXUFKDVHVKDUHVRI$XWR=RQHFRPPRQVWRFN$IWHUWKHILUVWWZR\HDUVVXFKGLUHFWRUVZLOOUHFHLYHDQRSWLRQ
WRSXUFKDVHVKDUHVRIFRPPRQVWRFNDQGHDFKVXFKGLUHFWRUZKRRZQVFRPPRQVWRFNRU6WRFN8QLWVZRUWKDW
OHDVWILYHWLPHVWKH%DVH5HWDLQHUZLOOUHFHLYHDQDGGLWLRQDORSWLRQWRSXUFKDVHVKDUHV7KHVHVWRFNRSWLRQ
JUDQWVDUHPDGHDWWKHIDLUPDUNHWYDOXHDVRIWKHJUDQWGDWH$W$XJXVWWKHUHZHUHRXWVWDQGLQJ
RSWLRQVZLWKVKDUHVRIFRPPRQVWRFNUHVHUYHGIRUIXWXUHLVVXDQFHXQGHUWKLVSODQ
7KH&RPSDQ\UHFRJQL]HGPLOOLRQLQH[SHQVHUHODWHGWRWKHGLVFRXQWRQWKHVHOOLQJRIVKDUHVWRHPSOR\HHVDQG
H[HFXWLYHVXQGHUYDULRXVVKDUHSXUFKDVHSODQVLQILVFDODQGPLOOLRQLQWKHSULRU\HDU7KHHPSOR\HHVWRFN
SXUFKDVHSODQZKLFKLVTXDOLILHGXQGHU6HFWLRQRIWKH,QWHUQDO5HYHQXH&RGHSHUPLWVDOOHOLJLEOHHPSOR\HHVWR
SXUFKDVH$XWR=RQH¶VFRPPRQVWRFNDWRIWKHORZHURIWKHPDUNHWSULFHRIWKHFRPPRQVWRFNRQWKHILUVWGD\RU
ODVWGD\RIHDFKFDOHQGDUTXDUWHUWKURXJKSD\UROOGHGXFWLRQV0D[LPXPSHUPLWWHGDQQXDOSXUFKDVHVDUHSHU
HPSOR\HHRUSHUFHQWRIFRPSHQVDWLRQZKLFKHYHULVOHVV8QGHUWKHSODQVKDUHVZHUHVROGWRHPSOR\HHV
LQILVFDOVKDUHVZHUHVROGWRHPSOR\HHVLQILVFDODQGVKDUHVZHUHVROGLQILVFDO7KH
&RPSDQ\UHSXUFKDVHGVKDUHVDWIDLUYDOXHLQILVFDOVKDUHVDWIDLUYDOXHLQILVFDODQG
VKDUHVDWIDLUYDOXHLQILVFDOIURPHPSOR\HHVHOHFWLQJWRVHOOWKHLUVWRFN,VVXDQFHVRIVKDUHVXQGHUWKH
HPSOR\HHVWRFNSXUFKDVHSODQVDUHQHWWHGDJDLQVWUHSXUFKDVHVDQGVXFKUHSXUFKDVHVDUHQRWLQFOXGHGLQVKDUH
UHSXUFKDVHVGLVFORVHGLQ³1RWH+±6WRFN5HSXUFKDVH3URJUDP´$W$XJXVWVKDUHVRIFRPPRQ
VWRFNZHUHUHVHUYHGIRUIXWXUHLVVXDQFHXQGHUWKLVSODQ2QFHH[HFXWLYHVKDYHUHDFKHGWKHPD[LPXPXQGHUWKH
HPSOR\HHVWRFNSXUFKDVHSODQWKH$PHQGHGDQG5HVWDWHG([HFXWLYH6WRFN3XUFKDVH3ODQSHUPLWVDOOHOLJLEOH
H[HFXWLYHVWRSXUFKDVH$XWR=RQH¶VFRPPRQVWRFNXSWRSHUFHQWRIKLVRUKHUDQQXDOVDODU\DQGERQXV3XUFKDVHV
XQGHUWKLVSODQZHUHVKDUHVLQILVFDOVKDUHVLQILVFDODQGVKDUHVLQILVFDO$W
$XJXVWVKDUHVRIFRPPRQVWRFNZHUHUHVHUYHGIRUIXWXUHLVVXDQFHXQGHUWKLVSODQ
2Q'HFHPEHUVWRFNKROGHUVDSSURYHGWKH$XWR=RQH,QF6WRFN2SWLRQ3ODQDQGWKH$XWR=RQH,QF
)RXUWK$PHQGHGDQG5HVWDWHG([HFXWLYH6WRFN3XUFKDVH3ODQ7KHUHKDYHEHHQQRRWKHUPDWHULDOPRGLILFDWLRQVWR
WKH&RPSDQ\¶VVWRFNSODQVGXULQJILVFDORU
1RWH&±$FFUXHG([SHQVHVDQG2WKHU
$FFUXHGH[SHQVHVFRQVLVWHGRIWKHIROORZLQJ
LQWKRXVDQGV
$XJXVW
$XJXVW
0HGLFDODQGFDVXDOW\LQVXUDQFHFODLPVFXUUHQWSRUWLRQ
$FFUXHGFRPSHQVDWLRQUHODWHGSD\UROOWD[HVDQGEHQHILWV
3URSHUW\DQGVDOHVWD[HV
$FFUXHGLQWHUHVW
$FFUXHGVDOHVDQGZDUUDQW\UHWXUQV
&DSLWDOOHDVHREOLJDWLRQV
2WKHU
7KH&RPSDQ\UHWDLQVDVLJQLILFDQWSRUWLRQRIWKHLQVXUDQFHULVNVDVVRFLDWHGZLWKZRUNHUV¶FRPSHQVDWLRQHPSOR\HH
KHDOWKJHQHUDOSURGXFWVOLDELOLW\SURSHUW\DQGDXWRPRWLYHLQVXUDQFH%HJLQQLQJLQILVFDODSRUWLRQRIWKHVH
VHOILQVXUHGORVVHVLVPDQDJHGWKURXJKDZKROO\RZQHGLQVXUDQFHFDSWLYH7KH&RPSDQ\PDLQWDLQVFHUWDLQOHYHOV
IRUVWRSORVVFRYHUDJHIRUHDFKVHOILQVXUHGSODQLQRUGHUWROLPLWLWVOLDELOLW\IRUODUJHFODLPV7KHOLPLWVDUHSHU
FODLPDQGDUHPLOOLRQIRUZRUNHUV¶FRPSHQVDWLRQDQGSURSHUW\PLOOLRQIRUHPSOR\HHKHDOWKDQG
PLOOLRQIRUJHQHUDOSURGXFWVOLDELOLW\DQGDXWRPRWLYH
10-K