Henry Schein 2003 Annual Report Download - page 35

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HENRY SCHEIN, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share and per share data)
December 27, December 28,
2003 2002
ASSETS
Current assets:
Cash and cash equivalents $ 157,351 $ 200,651
Marketable securities 3,012 31,209
Accounts receivable, net of reserves of $43,203 and $36,200 467,085 368,263
Inventories 385,846 323,080
Deferred income taxes 30,559 29,919
Prepaid expenses and other 112,631 74,407
Total current assets 1,156,484 1,027,529
Property and equipment, net 154,205 142,532
Goodwill 398,888 302,687
Other intangibles, net 37,551 7,661
Investments and other 72,242 77,643
Total assets $1,819,370 $1,558,052
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 278,163 $ 243,166
Bank credit lines 6,059 4,790
Current maturities of long-term debt 3,253 2,662
Accruals:
Payroll and related expenses 68,214 53,954
Taxes 45,969 32,196
Other expenses 117,530 86,562
Total current liabilities 519,188 423,330
Long-term debt 247,100 242,561
Other liabilities 37,432 24,196
Minority interest 11,532 6,748
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value, 1,000,000 authorized,
none outstanding –– ––
Common stock, $.01 par value, 120,000,000 authorized,
43,761,973 and 44,041,591 outstanding 438 440
Additional paid-in capital 445,118 436,554
Retained earnings 533,654 430,389
Treasury stock, at cost, 0 and 62,479 shares –– (1,156)
Accumulated other comprehensive income (loss) 24,999 (4,794)
Deferred compensation (91) (216)
Total stockholders' equity 1,004,118 861,217
Total liabilities and stockholders' equity $1,819,370 $1,558,052
See accompanying notes.
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