Circuit City 2000 Annual Report Download - page 23

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Income taxes receivable 25,486
Deferred income tax benefit 8,781 6,369
--------- ----------
Total current assets 389,036 426,777
PROPERTY, PLANT AND EQUIPMENT, net 74,749 46,839
GOODWILL, net 70,672 73,684
DEFERRED INCOME TAX BENEFIT 3,224 4,190
OTHER ASSETS 337 322
--------- ----------
TOTAL $ 538,018 $ 551,812
========= ==========
LIABILITIES AND SHAREHOLDERS' EQUITY
------------------------------------
CURRENT LIABILITIES:
Notes payable to banks $ 48,559 $ 9,000
Current portion of long-term debt 634
Accounts payable 170,548 165,525
Accrued expenses and other current liabilities 63,240 64,727
--------- ----------
Total current liabilities 282,347 239,886
--------- ----------
LONG-TERM DEBT 1,740
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COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:
Preferred stock, par value $.01 per share, authorized
25 million shares, issued none
Common stock, par value $.01 per share, authorized
150 million shares, issued 38,231,990; outstanding
34,104,290 (2000) and 35,237,790 (1999) 382 382
Additional paid-in capital 176,743 176,743
Accumulated other comprehensive loss (6,662) (2,748)
Retained earnings 133,697 174,468
--------- ----------
304,160 348,845
--------- ----------
Less: common stock in treasury at cost - 4,127,700 (2000) and
2,994,200 (1999) shares 48,489 38,659
--------- ----------
Total shareholders' equity 255,671 310,186
--------- ----------
TOTAL $ 538,018 $ 551,812
========= ==========
See notes to consolidated financial statements.
SYSTEMAX INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
FOR THE YEARS ENDED DECEMBER 31, 2000, 1999 AND 1998
(IN THOUSANDS, EXCEPT PER COMMON SHARE AMOUNTS)
2000 1999 1998
---- ---- ----
NET SALES $ 1,686,103 $1,754,472 $1,435,654
COST OF SALES 1,476,248 1,439,947 1,147,098
--------- --------- ----------
GROSS PROFIT 209,855 314,525 288,556
SELLING, GENERAL AND ADMINISTRATIVE