Napa Auto Parts 2005 Annual Report Download - page 25

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Consolidated Balance Sheets
(dollars in thousands) December 31, 2005 2004
Assets
Current assets:
Cash and cash equivalents $ 188,911 $ 134,940
Trade accounts receivable, net 1,186,865 1,123,900
Merchandise inventories, net 2,216,542 2,198,957
Prepaid expenses and other assets 214,564 175,687
Total current assets 3,806,882 3,633,484
Goodwill and intangible assets, less
accumulated amortization 62,717 57,672
Other assets 509,644 384,703
Property, plant and equipment:
Land 52,335 46,251
Buildings, less allowance for depreciation
(2005 - $133,950; 2004 - $125,104) 147,061 151,895
Machinery and equipment, less allowance for
depreciation (2005 - $403,294; 2004 - $397,124) 192,899 181,242
Net property, plant and equipment 392,295 379,388
$ 4,771,538 $ 4,455,247
Liabilities and Shareholders’ Equity
Current liabilities:
Trade accounts payable $ 973,615 $ 856,653
Other borrowings 881 968
Accrued compensation 99,402 96,337
Other accrued expenses 84,760 83,330
Dividends payable 54,150 52,495
Income taxes payable 36,296 42,932
Total current liabilities 1,249,104 1,132,715
Long-term debt 500,000 500,000
Deferred income taxes 156,807 115,683
Minority interests in subsidiaries 57,047 52,394
Other long-term liabilities 114,623 110,078
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 173,032,697 in 2005
and 174,964,884 shares in 2004 173,033 174,965
Additional paid-in capital —56,571
Accumulated other comprehensive income 45,535 26,478
Retained earnings 2,475,389 2,286,363
Total shareholders’ equity 2,693,957 2,544,377
$ 4,771,538 $ 4,455,247
See accompanying notes.