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FORM 10-K
46
Consolidated Balance Sheets
(In thousands, except share data)
December 31,
2013 2012
Assets
Current assets:
Cash and cash equivalents $ 231,318 $ 248,128
Accounts receivable, less allowance for doubtful accounts $6,661 in 2013 and $6,447 in 2012 131,504 122,989
Amounts receivable from vendors 66,619 58,185
Inventory 2,375,047 2,276,331
Other current assets 30,713 27,315
Total current assets 2,835,201 2,732,948
Property and equipment, at cost 3,606,837 3,269,570
Less: accumulated depreciation and amortization 1,181,734 1,057,980
Net property and equipment 2,425,103 2,211,590
Notes receivable, less current portion 13,066 5,347
Goodwill 756,225 758,410
Other assets, net 37,613 40,892
Total assets $ 6,067,208 $ 5,749,187
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable $ 2,056,521 $ 1,929,112
Self-insurance reserves 57,700 54,190
Accrued payroll 65,520 60,120
Accrued benefits and withholdings 41,262 42,417
Deferred income taxes 20,222 19,472
Income taxes payable —5,932
Other current liabilities 181,718 161,400
Current portion of long-term debt 67 222
Total current liabilities 2,423,010 2,272,865
Long-term debt, less current portion 1,396,141 1,095,734
Deferred income taxes 80,713 79,544
Other liabilities 201,023 192,737
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 –
105,939,766 as of December 31, 2013, and
112,963,413 as of December 31, 2012 1,059 1,130
Additional paid-in capital 1,118,929 1,083,910
Retained earnings 846,333 1,023,267
Total shareholders’ equity 1,966,321 2,108,307
Total liabilities and shareholders’ equity $ 6,067,208 $ 5,749,187
See accompanying Notes to consolidated financial statements.