Abercrombie & Fitch 2009 Annual Report Download - page 54

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Geographic Information
Financial information relating to the Company’s operations by geographic area is as follows:
Net Sales:
Net sales includes net merchandise sales through stores and direct-to-consumer operations, including
shipping and handling revenue. Net sales are reported by geographic area based on the location of the
customer.
January 30,
2010
January 31,
2009
Fifty-Two Weeks Ended
(In thousands):
United States ........................................ $2,566,118 $3,219,624
International ......................................... 362,508 264,434
Total............................................... $2,928,626 $3,484,058
Long-Lived Assets:
January 30,
2010
January 31,
2009
(In thousands):
United States ........................................ $1,137,844 $1,371,734
International ......................................... 194,461 80,341
Total............................................... $1,332,305 $1,452,075
Long-lived assets included in the table above include primarily property and equipment, net, store
supplies, and lease deposits.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
PRINCIPLES OF CONSOLIDATION
The consolidated financial statements include the accounts of A&F and its subsidiaries. All intercom-
pany balances and transactions have been eliminated in consolidation.
CASH AND EQUIVALENTS
Cash and equivalents include amounts on deposit with financial institutions and investments, primarily
held in money market accounts, with original maturities of less than 90 days. Outstanding checks are
classified as current liabilities in the Consolidated Balance Sheets and changes in outstanding checks are
reported in financing activities on the Consolidated Statements of Cash Flows.
53
ABERCROMBIE & FITCH CO.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)