| Consolidated Balance Sheets |
| (In thousands, except share amounts) As of December 31, | 1996 | 1995 | |||
| Assets | CURRENT ASSETS | ||||
| Cash and cash equivalents | $ | 40,419 | $ | 31,256 | |
| Trade and other receivables, net | 15,535 | 12,171 | |||
| Inventories | 22,665 | 16,830 | |||
| Prepaid expenses | 33,745 | 27,563 | |||
| Total current assets | 112,364 | 87,820 | |||
| PROPERTY AND EQUIPMENT-at cost less accumulated depreciation and amortization | 2,378,934 | 1,758,446 | |||
| GOODWILL-less accumulated amortization of $86,538 and $76,125 | 330,628 | 341,041 | |||
| OTHER ASSETS | 20,373 | 15,936 | |||
| $ | 2,842,299 | $ | 2,203,243 | ||
| Liabilities | CURRENT LIABILITIES | ||||
| Current portion of long-term debt | $ | 13,061 | $ | 6,234 | |
| Accounts payable | 69,091 | 71,528 | |||
| Accrued liabilities | 93,026 | 64,062 | |||
| Customer deposits | 228,281 | 166,873 | |||
| Total current liabilities | 403,459 | 308,697 | |||
| LONG-TERM DEBT | 1,353,906 | 929,458 | |||
| COMMITMENTS AND CONTINGENCIES (NOTE 10) | |||||
| Shareholders' Equity | PREFERRED STOCK ($.01 par value; 20,000,000 shares authorized) | - | - | ||
| COMMON STOCK ($.01 par value; 100,000,000 shares authorized; 63,809,709 and 63,573,400 shares issued) | 638 | 635 | |||
| PAID-IN CAPITAL | 552,583 | 548,974 | |||
| RETAINED EARNINGS | 535,512 | 419,030 | |||
| TREASURY STOCK (136,902 and 138,262 common shares at cost) | (3,799) | (3,551) | |||
| Total shareholders' equity | 1,084,934 | 965,088 | |||
| $ | 2,842,299 | $ | 2,203,243 | ||
The accompanying notes are an integral part of these financial statements.