AutoZone 2012 Annual Report Download - page 99

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39
Consolidated Balance Sheets
(in thousands)
August 25,
2012
August 27,
2011
Assets
Current assets:
Cash and cash equivalents .......................................................................................
.
$ 103,093 $ 97,606
Accounts receivable .................................................................................................
.
161,375 140,690
Merchandise inventories ..........................................................................................
.
2,627,983 2,466,107
Other current assets ..................................................................................................
.
85,649 88,022
Deferred income taxes .............................................................................................
.
846 –
Total current assets ..............................................................................................
.
2,978,946 2,792,425
Property and equipment:
Land .........................................................................................................................
.
800,175 740,276
Buildings and improvements ...................................................................................
.
2,400,895 2,177,476
Equipment ................................................................................................................
.
1,016,835 994,369
Leasehold improvements .........................................................................................
.
314,559 275,299
Construction in progress ..........................................................................................
.
127,297 184,452
4,659,761 4,371,872
Less: Accumulated depreciation and amortization .................................................
.
1,803,833 1,702,997
2,855,928 2,668,875
Goodwill .....................................................................................................................
.
302,645 302,645
Deferred income taxes ................................................................................................
.
33,796 10,661
Other long-term assets ................................................................................................
.
94,324 94,996
430,765 408,302
$ 6,265,639 $ 5,869,602
Liabilities and Stockholders’ Deficit
Current liabilities:
Accounts payable .....................................................................................................
.
$ 2,926,740 $ 2,755,853
Accrued expenses and other .....................................................................................
.
478,085 449,327
Income taxes payable ...............................................................................................
.
17,053 25,185
Deferred income taxes .............................................................................................
.
183,833 166,449
Short-term borrowings .............................................................................................
.
49,881 34,082
Total current liabilities .........................................................................................
.
3,655,592 3,430,896
Long-term debt ............................................................................................................
.
3,718,302 3,317,600
Other long-term liabilities ...........................................................................................
.
439,770 375,338
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; 39,869
shares issued and 37,028 shares outstanding in 2012 and 44,084 shares issued
and 40,109 shares outstanding in 2011 ..................................................................
.
399
441
Additional paid-in capital ........................................................................................
.
689,890 591,384
Retained deficit ........................................................................................................
.
(1,033,197) (643,998)
Accumulated other comprehensive loss ...................................................................
.
(152,013) (119,691)
Treasury stock, at cost .............................................................................................
.
(1,053,104) (1,082,368)
Total stockholders’ deficit ...................................................................................
.
(1,548,025) (1,254,232)
$6,265,639 $ 5,869,602
See Notes to Consolidated Financial Statements.
10-K