AutoZone 2011 Annual Report Download - page 102

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Consolidated Balance Sheets
(in thousands)
August 27,
2011
August 28,
2010
Assets
Current assets:
Cash and cash equivalents .......................................................................................
.
$ 97,606 $ 98,280
Accounts receivable .................................................................................................
.
140,690 125,802
Merchandise inventories ..........................................................................................
.
2,466,107 2,304,579
Other current assets ..................................................................................................
.
88,022 83,160
Total current assets ..............................................................................................
.
2,792,425 2,611,821
Property and equipment:
Land .........................................................................................................................
.
740,276 690,098
Buildings and improvements ...................................................................................
.
2,177,476 2,013,301
Equipment ................................................................................................................
.
994,369 923,595
Leasehold improvements .........................................................................................
.
275,299 247,748
Construction in progress ..........................................................................................
.
184,452 192,519
4,371,872 4,067,261
Less: Accumulated depreciation and amortization .................................................
.
1,702,997 1,547,315
2,668,875 2,519,946
Goodwill .....................................................................................................................
.
302,645 302,645
Deferred income taxes ................................................................................................
.
10,661 46,223
Other long-term assets ................................................................................................
.
94,996 90,959
408,302 439,827
$ 5,869,602 $ 5,571,594
Liabilities and Stockholders’ Deficit
Current liabilities:
Accounts payable .....................................................................................................
.
$ 2,755,853 $ 2,433,050
Accrued expenses and other .....................................................................................
.
449,327 432,368
Income taxes payable ...............................................................................................
.
25,185 25,385
Deferred income taxes .............................................................................................
.
166,449 146,971
Short-term borrowings .............................................................................................
.
34,082 26,186
Total current liabilities .........................................................................................
.
3,430,896 3,063,960
Long-term debt ............................................................................................................
.
3,317,600 2,882,300
Other long-term liabilities ...........................................................................................
.
375,338 364,099
Commitments and contingencies ................................................................................
.
– –
Stockholders’ deficit:
Preferred stock, authorized 1,000 shares; no shares issued ......................................
.
– –
Common stock, par value $.01 per share, authorized 200,000 shares; 44,084
shares issued and 40,109 shares outstanding in 2011 and 50,061 shares issued
and 45,107 shares outstanding in 2010 ..................................................................
.
441
501
Additional paid-in capital ........................................................................................
.
591,384 557,955
Retained deficit ........................................................................................................
.
(643,998) (245,344)
Accumulated other comprehensive loss ...................................................................
.
(119,691) (106,468)
Treasury stock, at cost .............................................................................................
.
(1,082,368) (945,409)
Total stockholders’ deficit ...................................................................................
.
(1,254,232) (738,765)
$ 5,869,602 $ 5,571,594
See Notes to Consolidated Financial Statements.
40
10-K