MONRO INC
For the period ended Mar 30, 2024. Filed May 28, 2024.
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FY2024 · Filed May 28, 2024
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Consolidated Balance Sheets
| (thousands, except footnotes) | March 30, 2024 | March 25, 2023 |
|---|---|---|
| Assets | ||
| Current assets | ||
| Cash and equivalents | $6,561 | $4,884 |
| Accounts receivable | 11,738 | 13,294 |
| Inventory | 154,085 | 147,397 |
| Other current assets | 80,905 | 92,892 |
| Total current assets | 253,289 | 258,467 |
| Property and equipment, net | 280,154 | 304,989 |
| Finance lease and financing obligation assets, net | 180,803 | 217,174 |
| Operating lease assets, net | 202,718 | 211,101 |
| Goodwill | 736,435 | 736,457 |
| Intangible assets, net | 13,298 | 16,562 |
| Assets held for sale | 6,961 | — |
| Other non-current assets | 19,156 | 29,365 |
| Long-term deferred income tax assets | — | 2,762 |
| Total assets | $1,692,814 | $1,776,877 |
| Liabilities and shareholders' equity | ||
| Current liabilities | ||
| Current portion of finance leases and financing obligations | $38,233 | $39,982 |
| Current portion of operating lease liabilities | 39,442 | 37,520 |
| Accounts payable | 251,940 | 261,724 |
| Federal and state income taxes payable | 880 | 541 |
| Accrued payroll, payroll taxes and other payroll benefits | 21,205 | 15,951 |
| Accrued insurance | 55,547 | 47,741 |
| Deferred revenue | 15,155 | 15,422 |
| Other current liabilities | 32,754 | 30,296 |
| Total current liabilities | 455,156 | 449,177 |
| Long-term debt | 102,000 | 105,000 |
| Long-term finance leases and financing obligations | 249,484 | 295,281 |
| Long-term operating lease liabilities | 181,852 | 191,107 |
| Other long-term liabilities | 10,553 | 10,721 |
| Long-term deferred income tax liabilities | 36,962 | 30,460 |
| Long-term income taxes payable | 32 | 209 |
| Total liabilities | 1,036,039 | 1,081,955 |
| Shareholders' equity | ||
| Class C Convertible Preferred stock | 29 | 29 |
| Common stock | 400 | 400 |
| Treasury stock | (250,115) | (205,648) |
| Additional paid-in capital | 254,484 | 250,702 |
| Accumulated other comprehensive loss | (3,451) | (4,115) |
| Retained earnings | 655,428 | 653,554 |
| Total shareholders' equity | 656,775 | 694,922 |
| Total liabilities and shareholders' equity | $1,692,814 | $1,776,877 |
Class C Convertible Preferred stock Authorized 150,000 shares, $1.50 par value, one preferred stock share to 61.275 common stock shares and one preferred stock share to 23.389 common stock shares conversion value as of March 30, 2024 and March 25, 2023, respectively:19,664 shares issued and outstanding
Common stock Authorized 65,000,000 shares, $0.01 par value;40,017,264 shares issued as of March 30, 2024 and 39,966,401 shares issued as of March 25, 2023
Treasury stock 10,104,688 and 8,561,121 shares as of March 30, 2024 and as of March 25, 2023, respectively, at cost
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.