O'Reilly Auto Parts 2009 Annual Report Download - page 58

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44
Consolidated Balance Sheets
(In thousands, except share data)
December 31,
2009 2008
Assets:
Current assets:
Cash and cash equivalents $ 26,935 $ 31,301
Accounts receivable, less allowance for doubtful
accounts of $6,795 in 2009 and $4,521 in 2008
107,887 105,985
Amounts receivable from vendors 63,110 59,826
Inventory 1,913,218 1,570,144
Deferred income taxes 85,934 64,028
Other current assets 29,635 44,149
Total current assets 2,226,719 1,875,433
Property and equipment, at cost 2,353,240 1,939,532
Less: accumulated depreciation and amortization 626,861 489,639
Net property and equipment 1,726,379 1,449,893
Notes receivable, less current portion 12,481 21,548
Goodwill 744,313 720,508
Deferred income taxes -- 28,767
Other assets, net 71,579 97,168
Total assets $ 4,781,471 $ 4,193,317
Liabilities and shareholders’ equity:
Current liabilities:
Accounts payable $ 818,153 $ 736,986
Self insurance reserve 67,580 65,170
Accrued payroll 42,790 60,616
Accrued benefits and withholdings 44,295 38,583
Income taxes payable 8,068 9,951
Other current liabilities 143,781 134,064
Current portion of long-term debt 106,708 8,131
Total current liabilities 1,231,375 1,053,501
Long-term debt, less current portion 684,040 724,564
Deferred income taxes 18,321 --
Other liabilities 161,870 133,034
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 – 137,468,063
in 2009 and 134,828,650 in 2008 1,375
1,348
Additional paid-in capital 1,042,329 949,758
Retained earnings 1,650,123 1,342,625
Accumulated other comprehensive loss (7,962) (11,513)
Total shareholders’ equity 2,685,865 2,282,218
Total liabilities and shareholders’ equity $ 4,781,471 $ 4,193,317
See accompanying Notes to Consolidated Financial Statements.