Radio Shack 2003 Annual Report Download - page 37

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RADIOSHACK 2003 Annual Report 35
Consolidated Balance Sheets
RADIOSHACK CORPORATION AND SUBSIDIARIES
December 31,
(In millions, except for share amounts) 2003
2002
Assets
Current assets:
Cash and cash equivalents $ 634.7 $ 446.5
Accounts and notes receivable, net 182.4 206.1
Inventories, net 766.5 971.2
Other current assets 83.0 83.1
Total current assets 1,666.6 1,706.9
Property, plant and equipment, net 513.1 421.6
Other assets, net 64.2 99.4
Total assets $ 2,243.9 $ 2,227.9
Liabilities and Stockholders’ Equity
Current liabilities:
Short-term debt, including current maturities of long-term debt $ 77.4 $ 36.0
Accounts payable 300.2 312.6
Accrued expenses 343.0 318.7
Income taxes payable 137.5 160.9
Total current liabilities 858.1 828.2
Long-term debt, excluding current maturities 541.3 591.3
Other non-current liabilities 75.2 80.3
Total liabilities 1,474.6 1,499.8
Commitments and contingent liabilities (see Note 17)
Stockholders’ equity:
Preferred stock, no par value, 1,000,000 shares authorized:
Series A junior participating, 300,000 shares designated and none issued ——
Series B convertible, 100,000 shares authorized and none issued ——
Common stock, $1 par value, 650,000,000 shares authorized; 191,033,000 and
236,033,000 shares issued, respectively 191.0 236.0
Additional paid-in capital 75.2 70.0
Retained earnings 1,210.6 2,002.5
Treasury stock, at cost; 28,481,000 and 64,306,000 shares, respectively (707.2) (1,579.9)
Accumulated other comprehensive loss (0.3) (0.5)
Total stockholders’ equity 769.3 728.1
Total liabilities and stockholders’ equity $ 2,243.9 $ 2,227.9
The accompanying notes are an integral part of these consolidated financial statements.