Rite Aid 2016 Annual Report Download - page 150

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RITE AID CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
For the Years Ended February 27, 2016, February 28, 2015 and March 1, 2014
(In thousands, except per share amounts)
24. Guarantor and Non-Guarantor Condensed Consolidating Financial Information (Continued)
non-guarantor subsidiaries at February 27, 2016 and for the fiscal year ended February 27,
2016. Separate financial statements for Subsidiary Guarantors are not presented.
Rite Aid Corporation
Condensed Consolidating Balance Sheet
February 27, 2016
Rite Aid
Corporation Non-
(Parent Subsidiary Guarantor
Company Only) Guarantors Subsidiaries Eliminations Consolidated
(in thousands)
ASSETS
Current assets:
Cash and cash equivalents ........... $ — $ 90,569 $ 33,902 $ — $ 124,471
Accounts receivable, net ............ — 1,316,797 284,211 — 1,601,008
Intercompany receivable ............ — 224,220 — (224,220)(a) —
Inventories, net of LIFO reserve of $0,
$1,006,396, $0, $0, and $1,006,396 ..... — 2,697,104 — — 2,697,104
Prepaid expenses and other current assets . — 121,684 6,460 — 128,144
Total current assets .............. — 4,450,374 324,573 (224,220) 4,550,727
Property, plant and equipment, net ....... — 2,255,398 — — 2,255,398
Goodwill ....................... — 1,713,475 — — 1,713,475
Other intangibles, net ............... — 948,451 55,928 — 1,004,379
Deferred tax assets ................. — 1,539,141 — — 1,539,141
Investment in subsidiaries ............. 14,832,523 57,167 — (14,889,690)(b) —
Intercompany receivable .............. — 7,270,869 — (7,270,869)(a) —
Other assets ..................... — 207,821 6,069 — 213,890
Total assets ................... $14,832,523 $18,442,696 $386,570 $(22,384,779) $11,277,010
LIABILITIES AND STOCKHOLDERS’
EQUITY
Current liabilities:
Current maturities of long-term debt and
lease financing obligations .......... $ 90 $ 26,758 $ — $ — $ 26,848
Accounts payable ................. — 1,541,984 813 — 1,542,797
Intercompany payable .............. — — 224,220 (224,220)(a) —
Accrued salaries, wages and other current
liabilities ..................... 65,743 1,274,074 87,433 — 1,427,250
Total current liabilities ............ 65,833 2,842,816 312,466 (224,220) 2,996,895
Long-term debt, less current maturities .... 6,914,393 — — — 6,914,393
Lease financing obligations, less current
maturities ..................... — 52,895 — — 52,895
Intercompany payable ............... 7,270,869 — — (7,270,869)(a) —
Other noncurrent liabilities ............ — 714,462 16,937 — 731,399
Total liabilities ................. 14,251,095 3,610,173 329,403 (7,495,089) 10,695,582
Commitments and contingencies ......... — — — — —
Total stockholders’ equity ............. 581,428 14,832,523 57,167 (14,889,690) 581,428
Total liabilities and stockholders’ equity . $14,832,523 $18,442,696 $386,570 $(22,384,779) $11,277,010
(a) Elimination of intercompany accounts receivable and accounts payable amounts.
(b) Elimination of investments in consolidated subsidiaries.
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