Ingram Micro 1999 Annual Report Download - page 32

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3300
Ingram Micro
Annual Report
CONSOLIDATED BALANCE SHEET
(Dollars in 000s, except per share data)
Fiscal Year End
1999 1998
ASSETS
Current assets:
Cash $128,152 $96,682
Investment in available-for-sale securities 142,338 —
Trade accounts receivable (less allowances
of $100,754 in 1999 and $55,904 in 1998) 2,853,509 2,562,050
Inventories 3,471,565 3,094,227
Other current assets 373,365 278,591
Total current assets 6,968,929 6,031,550
Investment in available-for-sale securities 474,525 56,928
Property and equipment, net 316,643 254,718
Goodwill, net 455,473 232,112
Other 56,357 158,096
Total assets $8,271,927 $6,733,404
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $4,322,303 $3,306,045
Accrued expenses 317,283 254,627
Current maturities of long-term debt 31,020 38,978
Total current liabilities 4,670,606 3,599,650
Convertible debentures 440,943 473,475
Other long-term debt 876,172 1,208,003
Deferred income taxes and other liabilities 313,561 45,205
Total liabilities 6,301,282 5,326,333
Commitments and contingencies (Note 9) — —
Redeemable Class B Common Stock 3,800 7,814
Stockholders’ equity:
Preferred Stock, $0.01 par value, 1,000,000 shares
authorized; no shares issued and outstanding — —
Class A Common Stock, $0.01 par value, 265,000,000 shares
authorized; 71,212,517 and 66,520,715 shares issued
and outstanding in 1999 and 1998, respectively 712 665
Class B Common Stock, $0.01 par value, 135,000,000 shares
authorized; 73,280,871 and 75,459,710 shares issued
and outstanding in 1999 and 1998 (including 542,855
and 1,116,250 redeemable shares in 1999 and 1998), respectively 727 743
Additional paid in capital 645,182 591,235
Retained earnings 995,035 811,616
Accumulated other comprehensive income (loss) 328,285 (4,914)
Unearned compensation (3,096) (88)
Total stockholders’ equity 1,966,845 1,399,257
Total liabilities and stockholders’ equity $8,271,927 $6,733,404
See accompanying notes to these consolidated financial statements.