AutoZone 2014 Annual Report Download - page 112
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42
Consolidated Balance Sheets
(in thousands)
August 30,
2014
August 31,
2013
Assets
Current assets:
Cash and cash equivalents ........................................................................................ $ 124,485 $ 142,191
Accounts receivable ................................................................................................. 200,899 171,638
Merchandise inventories ........................................................................................... 3,140,100 2,861,014
Other current assets .................................................................................................. 110,420 101,443
Deferred income taxes .............................................................................................. 4,708 1,727
Total current assets ................................................................................................ 3,580,612 3,278,013
Property and equipment:
Land .......................................................................................................................... 925,359 862,565
Buildings and improvements .................................................................................... 2,802,265 2,607,751
Equipment ................................................................................................................ 1,254,445 1,122,821
Leasehold improvements .......................................................................................... 368,326 341,182
Construction in progress ........................................................................................... 150,279 124,206
5,500,674 5,058,525
Less: Accumulated depreciation and amortization .................................................. 2,190,199 1,987,164
3,310,475 3,071,361
Goodwill ...................................................................................................................... 367,829 367,829
Deferred income taxes ................................................................................................. 45,137 4,069
Other long-term assets ................................................................................................. 213,805 170,817
626,771 542,715
$ 7,517,858 $ 6,892,089
Liabilities and Stockholders’ Deficit
Current liabilities:
Accounts payable ..................................................................................................... $ 3,609,199 $ 3,307,535
Accrued expenses and other ..................................................................................... 481,894 467,831
Income taxes payable ............................................................................................... 41,200 17,129
Deferred income taxes .............................................................................................. 227,891 202,922
Short-term borrowings ............................................................................................. 180,910 173,733
Total current liabilities ......................................................................................... 4,541,094 4,169,150
Long-term debt ............................................................................................................ 4,162,890 4,013,267
Other long-term liabilities............................................................................................ 435,731 396,991
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; 33,858
shares issued and 32,304 shares outstanding in 2014 and 36,768 shares issued
and 34,293 shares outstanding in 2013 ...................................................................
339
368
Additional paid-in capital ......................................................................................... 843,504 814,457
Retained deficit ........................................................................................................ (1,529,123) (1,378,936)
Accumulated other comprehensive loss ................................................................... (128,903) (120,788)
Treasury stock, at cost .............................................................................................. (807,674) (1,002,420)
Total stockholders’ deficit .................................................................................... (1,621,857) (1,687,319)
$ 7,517,858 $6,892,089
See Notes to Consolidated Financial Statements.
10-K