Napa Auto Parts 2008 Annual Report Download - page 28

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consolidated balance sheets
26
(in thousands, except share data and per share amounts) December 31, 2008 2007
Assets
Current assets:
Cash and cash equivalents $ 67,777 $ 231,837
Trade accounts receivable, net 1,224,525 1,216,220
Merchandise inventories, net 2,316,880 2,335,716
Prepaid expenses and other current assets 262,238 269,239
Total current assets 3,871,420 4,053,012
Goodwill and other intangible assets, less
accumulated amortization 158,825 82,453
Deferred tax asset 218,503 35,778
Other assets 114,337 176,837
Property, plant, and equipment:
Land 51,835 47,415
Buildings, less allowance for depreciation
(2008 – $158,019; 2007 – $153,869) 151,959 143,685
Machinery and equipment, less allowance for
depreciation (2008 – $470,513; 2007 – $469,909) 219,471 234,889
Net property, plant, and equipment 423,265 425,989
$ 4,786,350 $ 4,774,069
Liabilities and Shareholders’ Equity
Current liabilities:
Trade accounts payable $ 1,009,423 $ 989,816
Current portion of debt – 250,000
Accrued compensation 106,731 102,027
Other accrued expenses 84,116 99,766
Dividends payable 62,148 60,789
Income taxes payable 24,685 45,578
Total current liabilities 1,287,103 1,547,976
Long-term debt 500,000 250,000
Minority interests in subsidiaries 69,046 66,230
Pension and other post-retirement benefit liabilities 502,605 91,159
Other long-term liabilities 103,264 101,988
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 159,442,508 in 2008
and 166,065,250 shares in 2007 159,443 166,065
Accumulated other comprehensive (loss) income (478,562) (123,715)
Retained earnings 2,643,451 2,674,366
Total shareholders’ equity 2,324,332 2,716,716
$ 4,786,350 $ 4,774,069
See accompanying notes.