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FORM 10-k
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47
Consolidated Balance Sheets
(In thousands, except share data)
December 31,
2012 2011
Assets
Current assets:
Cash and cash equivalents $ 248,128 $ 361,552
Accounts receivable, less allowance for doubtful accounts of $6,447 in
2012 and $6,403 in 2011 122,989 135,149
Amounts receivable from vendors 58,185 68,604
Inventory 2,276,331 1,985,748
Other current assets 27,315 56,557
Total current assets 2,732,948 2,607,610
Property and equipment, at cost 3,269,570 3,026,996
Less: accumulated depreciation and amortization 1,057,980 933,229
Net property and equipment 2,211,590 2,093,767
N
otes receivable, less current portion 5,347 10,889
Goodwill 758,410 743,907
Other assets, net 40,892 44,328
Total assets $ 5,749,187 $ 5,500,501
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable $ 1,929,112 $ 1,279,294
Self-insurance reserves 54,190 53,155
Accrued payroll 60,120 52,465
Accrued benefits and withholdings 42,417 41,512
Deferred income taxes 19,472 1,990
Income taxes payable 5,932 -
Other current liabilities 161,400 150,932
Current portion of long-term debt 222 662
Total current liabilities 2,272,865 1,580,010
Long-term debt, less current portion 1,095,734 796,912
Deferred income taxes 79,544 88,864
Other liabilities 192,737 189,864
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 –
112,963,413 as of December 31, 2012, and
127,179,792 as of December 31, 2011 1,130 1,272
Additional paid-in capital 1,083,910 1,110,105
Retained earnings 1,023,267 1,733,474
Total shareholders’ equity 2,108,307 2,844,851
Total liabilities and shareholders’ equity $ 5,749,187 $ 5,500,501
See accompanying Notes to consolidated financial statements.