American Eagle Outfitters 2013 Annual Report Download - page 4

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Table of Contents
PART I—FINANCIAL INFORMATION
AMERICAN EAGLE OUTFITTERS, INC.
CONSOLIDATED BALANCE SHEETS
Refer to Notes to Consolidated Financial Statements
3
ITEM 1.
FINANCIAL STATEMENTS.
(In thousands, except per share amount)
May 3,
2014
February 1,
2014
May 4,
2013
(Unaudited)
(Unaudited)
Assets
Current assets:
Cash and cash equivalents
$
327,699
$
418,933
$
383,175
Short
-
term investments
—
10,002
113,041
Merchandise inventory
329,249
291,541
340,508
Accounts receivable
67,720
73,882
55,193
Prepaid expenses and other
86,856
83,724
97,512
Deferred income taxes
46,057
45,478
42,649
Total current assets
857,581
923,560
1,032,078
Property and equipment, at cost, net of accumulated depreciation
683,749
637,417
526,797
Intangible assets, at cost, net of accumulated amortization
49,087
49,271
37,931
Goodwill
13,598
13,530
11,434
Non
-
current deferred income taxes
11,663
24,835
23,325
Other assets
36,199
45,551
35,479
Total assets
$
1,651,877
$
1,694,164
$
1,667,044
Liabilities and Stockholders
’
Equity
Current liabilities:
Accounts payable
$
195,703
$
203,872
$
161,778
Accrued compensation and payroll taxes
31,219
23,560
27,993
Accrued rent
74,023
76,397
74,034
Accrued income and other taxes
7,756
5,778
7,948
Unredeemed gift cards and gift certificates
35,578
47,194
33,435
Current portion of deferred lease credits
13,155
13,293
14,219
Other liabilities and accrued expenses
38,303
45,384
27,728
Total current liabilities
395,737
415,478
347,135
Non
-
current liabilities:
Deferred lease credits
61,562
59,510
69,399
Non
-
current accrued income taxes
11,063
16,543
19,321
Other non
-
current liabilities
34,357
36,455
24,064
Total non
-
current liabilities
106,982
112,508
112,784
Commitments and contingencies
—
—
—
Stockholders
’
equity:
Preferred stock, $0.01 par value; 5,000 shares authorized; none issued and outstanding
—
—
—
Common stock, $0.01 par value; 600,000 shares authorized; 249,566 shares issued;
194,409, 193,149 and 192,617 shares outstanding, respectively
2,496
2,496
2,496
Contributed capital
556,054
573,008
583,795
Accumulated other comprehensive income
16,093
12,157
28,795
Retained earnings
1,542,106
1,569,851
1,592,706
Treasury stock, 55,157, 56,417 and 56,949 shares, respectively
(967,591
)
(991,334
)
(1,000,667
)
Total stockholders
’
equity
1,149,158
1,166,178
1,207,125
Total liabilities and stockholders
’
equity
$
1,651,877
$
1,694,164
$
1,667,044