Napa Auto Parts 2006 Annual Report Download - page 28

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26
Consolidated Balance Sheets
(in thousands, except share data) December 31, 2006 2005
Assets
Current assets:
Cash and cash equivalents $ 135,973 $ 188,911
Trade accounts receivable, net 1,227,805 1,186,865
Merchandise inventories, net 2,236,368 2,216,542
Prepaid expenses and other assets 234,981 214,564
Total current assets 3,835,127 3,806,882
Goodwill and intangible assets, less
accumulated amortization 62,254 62,717
Other assets 170,343 509,644
Property, plant, and equipment:
Land 50,726 52,335
Buildings, less allowance for depreciation
(2006 - $142,324; 2005 - $133,950) 162,679 147,061
Machinery and equipment, less allowance for
depreciation (2006 - $418,815; 2005 - $403,294) 215,855 192,899
Net property, plant, and equipment 429,260 392,295
$ 4,496,984 $ 4,771,538
Liabilities and Shareholders’ Equity
Current liabilities:
Trade accounts payable $ 910,263 $ 973,615
Other borrowings — 881
Accrued compensation 95,770 99,402
Other accrued expenses 97,284 84,760
Dividends payable 57,552 54,150
Income taxes payable 37,899 36,296
Total current liabilities 1,198,768 1,249,104
Long-term debt 500,000 500,000
Deferred income taxes — 156,807
Minority interests in subsidiaries 60,716 57,047
Other long-term liabilities 187,509 114,623
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 170,530,874 shares in 2006
and 173,032,697 shares in 2005 170,531 173,033
Accumulated other comprehensive (loss) income (242,534) 45,535
Retained earnings 2,621,994 2,475,389
Total shareholders’ equity 2,549,991 2,693,957
$ 4,496,984 $ 4,771,538
See accompanying notes.