Napa Auto Parts 2004 Annual Report Download - page 25

23
Consolidated Balance Sheets
(dollars in thousands) December 31, 2004 2003
Assets
Current assets:
Cash and cash equivalents $134,940 $15,393
Trade accounts receivable, net 1,123,900 1,084,874
Merchandise inventories, net 2,198,957 2,140,811
Prepaid expenses and other assets 175,687 161,132
Total current assets 3,633,484 3,402,210
Goodwill and intangible assets, less
accumulated amortization 57,672 58,028
Other assets 384,703 324,726
Property, plant and equipment:
Land 46,251 36,428
Buildings, less allowance for depreciation
(2004 - $125,104; 2003 - $111,646) 151,895 124,600
Machinery and equipment, less allowance for
depreciation (2004 - $397,124; 2003 - $378,869) 181,242 181,964
Net property, plant and equipment 379,388 342,992
$4,455,247 $4,127,956
Liabilities and Shareholders’ Equity
Current liabilities:
Trade accounts payable $856,653 $706,609
Current portion of long-term debt and other
borrowings 968 52,525
Accrued compensation 96,337 72,086
Other accrued expenses 83,330 66,212
Dividends payable 52,495 51,331
Income taxes payable 42,932 18,575
Total current liabilities 1,132,715 967,338
Long-term debt 500,000 625,108
Deferred income taxes 115,683 114,533
Minority interests in subsidiaries 52,394 47,642
Other long-term liabilities 110,078 61,052
Shareholders’ equity:
Preferred stock, par value $1 per share –
authorized 10,000,000 shares; none issued ——
Common stock, par value $1 per share –
authorized 450,000,000 shares;
issued 174,964,884 shares in 2004
and 174,045,263 shares in 2003 174,965 174,045
Additional paid-in capital 56,571 32,853
Accumulated other comprehensive income 26,478 4,835
Retained earnings 2,286,363 2,100,550
Total shareholders’ equity 2,544,377 2,312,283
$4,455,247 $4,127,956
See accompanying notes.