Family Dollar 2006 Annual Report Download - page 32

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FAMILY DOLLAR STORES, INC., AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
August 26, August 27,
(in thousands, except per share and share amounts) 2006 2005
Assets
Current assets:
Cash and cash equivalents $ 79,727 $ 105,175
Investment securities (Note 2) 136,505 33,530
Merchandise inventories 1,037,859 1,090,791
Deferred income taxes (Note 6) 133,468 100,493
Income tax refund receivable 2,397 —
Prepayments and other current assets 28,892 24,779
Total current assets 1,418,848 1,354,768
Property and equipment, net (Note 3) 1,077,608 1,027,475
Other assets 26,573 27,258
$ 2,523,029 $ 2,409,501
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable $ 556,531 $ 574,831
Accrued liabilities (Note 5) 429,580 315,508
Income taxes payable — 4,272
Total current liabilities 986,111 894,611
Long−term debt (Note 4) 250,000 —
Deferred income taxes (Note 6) 78,525 86,824
Commitments and contingencies
Shareholders’ equity: (Notes 9, 10 and 11)
Preferred stock, $1 par; authorized and unissued 500,000 shares
Common stock, $.10 par; authorized 600,000,000 shares; issued 178,559,411 shares at August 26,
2006, and 188,871,738 shares at August 27, 2005, and outstanding 150,210,484 shares at
August 26, 2006, and 165,262,513 shares at August 27, 2005 17,856 18,887
Capital in excess of par 140,829 133,743
Retained earnings 1,546,366 1,654,861
1,705,051 1,807,491
Less: common stock held in treasury, at cost (28,348,927 shares at August 26, 2006, and 23,609,225
shares at August 27, 2005) 496,658 379,425
Total shareholders’ equity 1,208,393 1,428,066
$ 2,523,029 $ 2,409,501
The accompanying notes are an integral part of the consolidated financial statements.
27
Source: FAMILY DOLLAR STORES, 10−K, March 28, 2007