Napa Auto Parts 2014 Annual Report Download - page 49

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Genuine Parts Company and Subsidiaries
Consolidated Balance Sheets
December 31
2014 2013
(In Thousands, Except Share
Data and per Share Amounts)
Assets
Current assets:
Cash and cash equivalents .................................................... $ 137,730 $ 196,893
Trade accounts receivable, net ................................................ 1,872,365 1,664,819
Merchandise inventories, net .................................................. 3,043,848 2,946,021
Prepaid expenses and other current assets ........................................ 538,582 413,758
Total current assets ........................................................... 5,592,525 5,221,491
Goodwill ................................................................... 839,075 789,971
Other intangible assets, less accumulated amortization ............................... 547,515 499,385
Deferred tax assets ............................................................ 145,331 97,555
Other assets ................................................................. 451,690 401,834
Property, plant, and equipment:
Land ..................................................................... 87,651 87,658
Buildings, less accumulated depreciation (2014 — $270,946; 2013 — $251,541) ........ 281,824 281,408
Machinery and equipment, less accumulated depreciation (2014 — $598,137;
2013 — $555,895) ........................................................ 300,627 300,995
Net property, plant, and equipment ............................................... 670,102 670,061
$8,246,238 $7,680,297
Liabilities and equity
Current liabilities:
Trade accounts payable ...................................................... $2,554,759 $2,269,671
Current portion of debt ...................................................... 265,466 264,658
Accrued compensation ...................................................... 165,291 145,052
Other accrued expenses ...................................................... 510,560 420,917
Dividends payable .......................................................... 88,039 82,746
Total current liabilities ......................................................... 3,584,115 3,183,044
Long-term debt .............................................................. 500,000 500,000
Pension and other post-retirement benefit liabilities .................................. 329,531 140,171
Deferred tax liabilities ......................................................... 72,479 83,316
Other long-term liabilities ...................................................... 447,749 414,998
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 153,113,042 in 2014 and 153,773,098 shares in 2013 .................. 153,113 153,773
Additional paid-in capital .................................................... 26,414 14,935
Accumulated other comprehensive loss ......................................... (720,211) (397,655)
Retained earnings .......................................................... 3,841,932 3,578,021
Total parent equity .......................................................... 3,301,248 3,349,074
Noncontrolling interests in subsidiaries ......................................... 11,116 9,694
Total equity ................................................................. 3,312,364 3,358,768
$8,246,238 $7,680,297
See accompanying notes.
F-5