O'Reilly Auto Parts 2003 Annual Report Download - page 38

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consolidated balance sheets
page 36
(In thousands, except per share data)
december 31, 2003 2002
assets
Current assets:
Cash and cash equivalents $ 21,094 $ 29,333
Accounts receivable, less allowance for doubtful accounts
of $986 in 2003 and $865 in 2002 52,235 45,421
Amounts receivable from vendors, net 50,695 42,918
Inventory 554,309 504,098
Deferred income taxes 4,753 5,040
Other current assets 4,399 4,235
Total current assets 687,485 631,045
Property and equipment, at cost:
Land 58,571 52,362
Buildings 212,937 160,425
Leasehold improvements 79,994 57,376
Furniture, fixtures and equipment 220,123 177,293
Vehicles 54,517 44,067
626,142 491,523
Accumulated depreciation and amortization 177,084 137,922
Net property and equipment 449,058 353,601
Notes receivable, less current portion 24,313 1,880
Other assets, net 26,736 22,893
Total assets $1,187,592 $1,009,419
liabilities and shareholders’ equity
Current liabilities:
Income taxes payable $ 6,872 $ 9,798
Accounts payable 176,513 85,370
Accrued payroll 17,307 15,257
Accrued benefits and withholdings 27,368 19,165
Other current liabilities 16,883 17,150
Current portion of long-term debt 925 682
Total current liabilities 245,868 147,422
Long-term debt, less current portion 120,977 190,470
Deferred income taxes 29,448 15,939
Other liabilities 7,014 5,064
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 – 54,664,976 in 2003 and 53,371,242 in 2002 547 534
Additional paid-in capital 302,691 269,030
Retained earnings 481,047 380,960
Total shareholders’ equity 784,285 650,524
Total liabilities and shareholders’ equity $1,187,592 $1,009,419
See accompanying notes.