Napa Auto Parts 2007 Annual Report Download - page 28

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2626
Consolidated฀Balance฀Sheets฀ ฀
(in thousands, except share data and per share amounts) December 31, 2007 2006
Assets
Current assets:
Cash and cash equivalents $ 231,837 $ 135,973
Trade accounts receivable, net 1,216,220 1,227,805
Merchandise inventories, net 2,335,716 2,236,368
Prepaid expenses and other current assets 269,239 234,981
Total current assets 4,053,012 3,835,127
Goodwill and intangible assets, less
accumulated amortization 82,453 62,254
Other assets 212,615 170,343
Property, plant, and equipment:
Land 47,415 50,726
Buildings, less allowance for depreciation
(2007 – $153,869; 2006 – $142,324) 143,685 162,679
Machinery and equipment, less allowance for
depreciation (2007 – $469,909; 2006 – $418,815) 234,889 215,855
Net property, plant, and equipment 425,989 429,260
$ 4,774,069 $ 4,496,984
Liabilities and Shareholders’ Equity
Current liabilities:
Trade accounts payable $ 989,816 $ 910,263
Current portion of debt 250,000 –
Accrued compensation 102,027 95,770
Other accrued expenses 99,766 97,284
Dividends payable 60,789 57,552
Income taxes payable 45,578 37,899
Total current liabilities 1,547,976 1,198,768
Long-term debt 250,000 500,000
Minority interests in subsidiaries 66,230 60,716
Other long-term liabilities 193,147 187,509
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
and outstanding 166,065,250 in 2007
and 170,530,874 shares in 2006 166,065 170,531
Accumulated other comprehensive (loss) income (123,715) (242,534)
Retained earnings 2,674,366 2,621,994
Total shareholders’ equity 2,716,716 2,549,991
$ 4,774,069 $ 4,496,984
See accompanying notes.