O'Reilly Auto Parts 2002 Annual Report Download - page 36

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(In thous ands , e xce pt pe r s hare data)
DECEMBER 31, 2002 2001
Assets
Current assets:
Cash $29,333 $15,041
Accounts receivable, less allowance for doubtful accounts
of $865 in 2002 and $1,760 in 2001 45,421 41,486
Amounts receivable from vendors, net 42,918 38,440
Inventory 504,098 447,793
Refundable income taxes —168
Deferred income taxes 5,040 3,908
Other current assets 4,235 3,827
Total current assets 631,045 550,663
Property and equipment, at cost:
Land 52,362 48,096
Buildings 160,425 121,250
Leasehold improvements 57,376 45,456
Furniture, fixtures and equipment 177,293 143,046
Vehicles 44,067 34,517
491,523 392,365
Accumulated depreciation and amortization 137,922 103,361
Net property and equipment 353,601 289,004
Notes receivable 1,880 2,557
Other assets, net 22,893 14,635
Total assets $1,009,419 $856,859
Liabilities and shareholders’ equity
Current liabilities:
Notes payable to bank $— $5,000
Income taxes payable 9,798 —
Accounts payable 85,370 61,875
Accrued payroll 15,257 12,866
Accrued benefits and withholdings 19,165 14,038
Other current liabilities 17,150 15,514
Current portion of long-term debt 682 11,843
Total current liabilities 147,422 121,136
Long-term debt, less current portion 190,470 165,618
Deferred income taxes 15,939 9,141
Other liabilities 5,064 4,673
Commitments and contingencies ——
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 – 53,371,242 in 2002
and 52,850,713 in 2001 534 528
Additional paid-in capital 269,030 256,795
Retained earnings 380,960 298,968
Total shareholders’ equity 650,524 556,291
Total liabilities and shareholders’ equity $1,009,419 $856,859
Se e ac c o mpanying note s .
CONSOLIDATED BALANCE SHEETS
34 O’Reilly Automotive