Circuit City 2001 Annual Report Download - page 21

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SYSTEMAX INC.
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2001 AND 2000
(IN THOUSANDS, EXCEPT FOR SHARE DATA)
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES:
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS' EQUITY:
See notes to consolidated financial statements.
2001 2000
---- ----
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 36,464 $ 14,496
Accounts receivable, net 136,358 183,493
Inventories 92,170 127,271
Prepaid expenses and other current assets 18,884 29,509
Income taxes receivable 7,755 25,486
Deferred income tax benefit 9,650 8,781
--------- ----------
Total current assets 301,281 389,036
PROPERTY, PLANT AND EQUIPMENT, net 82,623 74,749
GOODWILL, net 67,967 70,672
DEFERRED INCOME TAX BENEFIT 3,224
OTHER ASSETS 2,576 337
--------- ----------
TOTAL $ 454,447 $ 538,018
========= ==========
Notes payable to banks $ 2,829 $ 48,559
Accounts payable 139,472 170,548
Accrued expenses and other current liabilities 55,641 63,240
--------- ----------
Total current liabilities 197,942 282,347
--------- ----------
Deferred tax liabilities 1,557
---------
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 34,104,290 382 382
Additional paid-in capital 176,743 176,743
Accumulated other comprehensive loss (8,038) (6,662)
Retained earnings 134,350 133,697
--------- ----------
303,437 304,160
--------- ----------
Less: common stock in treasury at cost -
4,127,700 shares 48,489 48,489
--------- ----------
Total shareholders' equity 254,948 255,671
--------- ----------
TOTAL $ 454,447 $ 538,018
========= ==========