O'Reilly Auto Parts 2000 Annual Report Download - page 22

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2000 AR
20
(In thousands)
December 31, 2000 1999
Assets
Current assets:
Cash $ 9,204 $ 9,791
Short-term investments 500 500
Accounts receivable, less allowance for doubtful accounts of $135 in 2000 and $681 in 1999 32,673 26,462
Amounts receivable from vendors 29,175 25,984
Inventory 372,069 293,924
Refundable income taxes 92 2,333
Deferred income taxes 1,402 1,776
Other current assets 4,089 3,583
Total current assets 449,204 364,353
Property and equipment, at cost:
Land 46,740 54,631
Buildings 109,835 112,270
Leasehold improvements 34,750 25,841
Furniture, fixtures and equipment 106,068 80,569
Vehicles 25,628 19,495
323,021 292,806
Accumulated depreciation and amortization 76,167 56,289
Net property and equipment 246,854 236,517
Notes receivable 2,836 3,501
Other assets 17,101 6,071
Total assets $715,995 $ 610,442
Liabilities and shareholders’ equity
Current liabilities:
Notes payable to bank $ 35,000 $ 5,000
Income taxes payable 1,011 –
Accounts payable 68,947 64,885
Accrued payroll 9,309 6,278
Accrued benefits and withholdings 9,360 10,382
Other current liabilities 15,184 14,099
Current portion of long-term debt 14,121 14,358
Total current liabilities 152,932 115,002
Long-term debt, less current portion 90,463 90,704
Deferred income taxes 4,086 1,215
Other liabilities 4,783 477
Shareholders’ equity:
Preferred stock, $0.01 par value:
Authorized shares – 5,000,000
Issued and outstanding shares – none ––
Common stock, $0.01 par value:
Authorized shares – 90,000,000
Issued and outstanding shares – 51,544,879 in 2000 and 50,799,353 in 1999 515 508
Additional paid-in capital 230,600 221,628
Retained earnings 232,616 180,908
Total shareholders’ equity 463,731 403,044
Total liabilities and shareholders’ equity $715,995 $ 610,442
See accompanying notes.
CONSOLIDATED BALANCE
SHEETS
O’REILLY AUTOMOTIVE