Harris Teeter 2007 Annual Report Download - page 33

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29
CONSOLIDATED BALANCE SHEETS
RUDDICK CORPORATION AND SUBSIDIARIES
(dollars in thousands)
September 30,
2007
October 1,
2006
ASSETS
Current Assets
Cash and Cash Equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 26,747 $ 29,188
Accounts Receivable, Net of Allowance For Doubtful
Accounts of $3,962 and $3,719 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 92,998 88,582
Refundable Income Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,796 6,412
Inventories .................................................. 295,662 265,703
Deferred Income Taxes ........................................ 9,775 11,181
Prepaid Expenses and Other Current Assets . . . . . . . . . . . . . . . . . . . . . . . . 24,286 24,379
Total Current Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 456,264 425,445
Property
Land ....................................................... 27,358 27,802
Buildings and Improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 219,701 193,666
Machinery and Equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 872,705 796,591
Leasehold Improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 518,056 425,143
Total, at Cost.............................................. 1,637,820 1,443,202
Accumulated Depreciation and Amortization . . . . . . . . . . . . . . . . . . . . . . . 770,184 719,217
Property, Net ............................................. 867,636 723,985
Investments .................................................... 100,736 106,942
Goodwill ...................................................... 8,169 8,169
Intangible Assets ............................................... 27,617 32,678
Other Long-Term Assets .......................................... 69,267 65,717
Total Assets .................................................... $ 1,529,689 $ 1,362,936
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Notes Payable ............................................... $ 11,694 $ 10,262
Current Portion of Long-Term Debt and Capital Lease Obligations . . . . . 8,535 9,462
Accounts Payable ............................................ 227,493 186,521
Accrued Compensation ........................................ 57,352 47,434
Other Current Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 77,696 73,647
Total Current Liabilities ..................................... 382,770 327,326
Long-Term Debt and Capital Lease Obligations . . . . . . . . . . . . . . . . . . . . . . . 255,857 228,269
Deferred Income Taxes ........................................... 870 10,430
Pension Liabilities ............................................... 64,162 50,745
Other Long-Term Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 83,696 68,724
Minority Interest ................................................ 5,724 6,925
Commitments and Contingencies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — —
Shareholders’ Equity
Common Stock, no par value - Shares Outstanding:
2007 – 48,127,252; 2006 – 47,557,894 . . . . . . . . . . . . . . . . . . . . . . . . . 81,677 70,729
Retained Earnings ............................................ 693,992 634,422
Accumulated Other Comprehensive Income (Loss),
Net of Income Taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (39,059 ) (34,634 )
Total Shareholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 736,610 670,517
Total Liabilities and Shareholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,529,689 $ 1,362,936
See Notes to Consolidated Financial Statements