Harris Teeter 2008 Annual Report Download - page 35

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31
CONSOLIDATED BALANCE SHEETS
RUDDICK CORPORATION AND SUBSIDIARIES
(dollars in thousands)
September 28,
2008 September 30,
2007
ASSETS
Current Assets
Cash and Cash Equivalents ..................................... $ 29,759 $ 26,747
Accounts Receivable, Net of Allowance For Doubtful
Accounts of $2,819 and $3,962 ............................... 91,528 92,998
Refundable Income Taxes ...................................... 8,607 6,796
Inventories .................................................. 312,589 295,662
Deferred Income Taxes ........................................ 6,477 9,775
Prepaid Expenses and Other Current Assets ........................ 28,196 24,286
Total Current Assets ........................................ 477,156 456,264
Property
Land ....................................................... 21,375 27,358
Buildings and Improvements .................................... 238,413 219,701
Machinery and Equipment ...................................... 942,213 872,705
Leasehold Improvements ....................................... 619,677 518,056
Total, at Cost.............................................. 1,821,678 1,637,820
Accumulated Depreciation and Amortization ....................... 854,347 770,184
Property, Net.............................................. 967,331 867,636
Investments .................................................... 143,902 100,736
Deferred Income Taxes ........................................... 361 —
Goodwill ...................................................... 8,169 8,169
Intangible Assets ................................................ 26,355 27,617
Other Long-Term Assets .......................................... 73,133 69,267
Total Assets............................................... $1,696,407 $1,529,689
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Notes Payable................................................ $ 11,150 $ 11,694
Current Portion of Long-Term Debt and Capital Lease Obligations ...... 9,625 8,535
Accounts Payable............................................. 236,649 227,493
Deferred Income Taxes ........................................ 347 —
Accrued Compensation ........................................ 63,826 57,352
Other Current Liabilities ....................................... 89,206 77,696
Total Current Liabilities ..................................... 410,803 382,770
Long-Term Debt and Capital Lease Obligations........................ 310,953 255,857
Deferred Income Taxes ........................................... 10,877 870
Pension Liabilities ............................................... 44,306 62,821
Other Long-Term Liabilities ....................................... 89,685 85,037
Minority Interest ................................................ 5,948 5,724
Commitments and Contingencies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . — —
Shareholders’ Equity .............................................
Common Stock, no par value - Shares Outstanding:
2008 – 48,278,136; 2007 – 48,127,252 ......................... 83,252 81,677
Retained Earnings ............................................ 767,562 693,992
Accumulated Other Comprehensive Income (Loss),
Net of Income Taxes........................................ (26,979) (39,059)
Total Shareholders’ Equity ...................................... 823,835 736,610
Total Liabilities and Shareholders’ Equity.......................... $1,696,407 $1,529,689
See Notes to Consolidated Financial Statements