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o’reilly automotive 2006 annual report
page 27
(In thousands, except per share data)
december 31, 2006 2005
assets
Current assets:
Cash and cash equivalents $ 29,903 $ 31,384
Accounts receivable, less allowance for doubtful
Accounts of $2,861 in 2006 and $2,778 in 2005 81,048 73,849
Amounts receivable from vendors, net 47,790 57,224
Inventory 812,938 725,339
Other current assets 28,997 22,845
Total current assets $1,000,676 $ 910,641
Property and equipment, at cost:
Land 127,068 109,327
Buildings 478,598 368,996
Leasehold improvements 156,145 127,685
Furniture, fixtures and equipment 362,803 310,570
Vehicles 90,240 76,321
1,214,854 992,899
Accumulated depreciation and amortization 331,759 274,533
Net property and equipment 883,095 718,366
Notes receivable, less current portion 30,288 29,062
Other assets, net 63,437 60,827
Total assets $1,977,496 $1,718,896
liabilities and shareholders’ equity
Current liabilities:
Accounts payable $ 318,404 $ 292,667
Self insurance reserves 31,084 34,797
Accrued payroll 21,171 19,356
Accrued benefits and withholdings 12,948 14,997
Deferred income taxes 5,779 2,451
Other current liabilities 44,089 46,086
Current portion of long-term debt 309 75,313
Total current liabilities 433,784 485,667
Long-term debt, less current portion 110,170 25,461
Deferred income taxes 38,171 42,516
Other liabilities 31,275 19,483
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 – 245,000,000
Issued and outstanding shares – 113,929,327 in 2006 and 112,389,002 in 2005 1,139 1,124
Additional paid-in capital 400,552 360,325
Retained earnings 962,405 784,320
Total shareholders’ equity 1,364,096 1,145,769
Total liabilities and shareholders’ equity $1,977,496 $1,718,896
See accompanying Notes to Consolidated Financial Statements.
consolidated balance sheets