O'Reilly Auto Parts 2011 Annual Report Download - page 57

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47
Consolidated Balance Sheets
(In thousands, except share data)
Assets
Current assets:
Cash and cash equivalents $ 361,552 $29,721
Accounts receivable, less allowance for doubtful accounts of
…….$6,403 in 2011 and $8,349 in 2010
135,149 121,807
Amounts receivable from vendors 68,604 61,845
Inventory 1,985,748 2,023,488
Deferred income taxes - 33,877
Other current assets 56,557 30,514
Total current assets 2,607,610 2,301,252
Property and equipment, at cost 3,026,996 2,705,434
Less: accumulated depreciation and amortization 933,229 775,339
Net property and equipment 2,093,767 1,930,095
Notes receivable, less current portion 10,889 18,047
Goodwill 743,907 743,975
Other assets, net 44,328 54,458
Total assets $ 5,500,501 $5,047,827
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable $ 1,279,294 $895,736
Self-insurance reserves 53,155 51,192
Accrued payroll 52,465 52,725
Accrued benefits and withholdings 41,512 45,542
Deferred income taxes 1,990 -
Income taxes payable - 4,827
Other current liabilities 150,932 177,505
Current portion of long-term debt 662 1,431
Total current liabilities 1,580,010 1,228,958
Long-term debt, less current portion 796,912 357,273
Deferred income taxes 88,864 68,736
Other liabilities 189,864 183,175
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 –
127,179,792 as of December 31, 2011, and
141,025,544 as of December 31, 2010
Additional paid-in capital 1,110,105 1,141,749
Retained earnings 1,733,474 2,069,496
Accumulated other comprehensive loss - (2,970)
Total shareholders’ equity 2,844,851 3,209,685
Total liabilities and shareholders’ equity $ 5,500,501 $ 5,047,827
1,410
2011
2010
1,272
December 31,
See accompanying Notes to consolidated financial statements.
FORM 10-K