O'Reilly Auto Parts 2007 Annual Report Download - page 30

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28
(In thousands, except share data)
December 31, 2007 2006
ASSETS
Current assets:
Cash and cash equivalents $ 47,555 $ 29,903
Accounts receivable, less allowance for doubtful
accounts of $3,179 in 2007 and $2,861 in 2006 84,242 81,048
Amounts receivable from vendors 48,263 47,790
Inventory 881,761 812,938
Other current assets 40,483 28,997
Total current assets 1,102,304 1,000,676
Property and equipment, at cost 1,479,779 1,214,854
Less: accumulated depreciation and amortization 389,619 331,759
Net property and equipment 1,090,160 883,095
Notes receivable, less current portion 25,437 30,288
Goodwill 50,447 49,065
Other assets 11,389 14,372
Total assets $ 2,279,737 $ 1,977,496
LIABILITIES AND SHAREHOLDERS’ EQUITY:
Current liabilities:
Accounts payable $ 380,683 $ 318,404
Self insurance reserve 29,967 31,084
Accrued payroll 23,739 21,171
Accrued benefits and withholdings 13,496 12,948
Deferred income taxes 6,235 5,779
Other current liabilities 49,536 44,089
Current portion of long-term debt 25,320 309
Total current liabilities 528,976 433,784
Long-term debt, less current portion 75,149 110,170
Deferred income taxes 27,241 38,171
Other liabilities 55,894 31,275
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 – 115,260,564 in 2007 and 113,929,327 in 2006 1,153 1,139
Additional paid-in capital 441,731 400,552
Retained earnings 1,156,393 962,405
Accumulated other comprehensive loss (6,800) --
Total shareholders’ equity 1,592,477 1,364,096
Total liabilities and shareholders’ equity $ 2,279,737 $ 1,977,496
See accompanying Notes to Consolidated Financial Statements
Consolidated Balance Sheets