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[CONSOLIDATED BALANCE SHEETS ]
25
2002 Annual Report Barnes & Noble, Inc.
(Thousands of dollars, except per share data) February 1, 2003 February 2, 2002
Assets
Current assets:
Cash and cash equivalents $ 267,642 108,218
Receivables, net 66,948 51,366
Barnes & Noble.com receivable 55,174 47,204
Merchandise inventories 1,395,872 1,285,005
Prepaid expenses and other current assets 101,232 99,201
Total current assets 1,886,868 1,590,994
Property and equipment:
Land and land improvements 3,247 3,247
Buildings and leasehold improvements 495,499 468,954
Fixtures and equipment 936,136 798,505
1,434,882 1,270,706
Less accumulated depreciation and amortization 812,579 674,937
Net property and equipment 622,303 595,769
Goodwill 438,572 352,897
Investment in Barnes & Noble.com 23,280 48,217
Other noncurrent assets 24,404 35,343
Total assets $ 2,995,427 2,623,220
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable $ 710,907 695,284
Accrued liabilities 520,541 444,944
Total current liabilities 1,231,448 1,140,228
Long-term debt 300,000 449,000
Deferred income taxes 119,823 36,178
Other long-term liabilities 115,415 109,704
Minority interest 200,951 --
Shareholders’ equity:
Common stock; $.001 par value; 300,000,000 shares authorized;
73,110,740 and 72,713,069 shares issued, respectively 73 73
Additional paid-in capital 828,522 728,015
Accumulated other comprehensive loss ( 11,064) ( 14,303 )
Retained earnings 391,650 291,702
Treasury stock, at cost, 8,502,700 and 5,504,700 shares, respectively ( 181,391 ) ( 117,377 )
Total shareholders’ equity 1,027,790 888,110
Commitments and contingencies -- --
Total liabilities and shareholders’ equity $ 2,995,427 2,623,220
See accompanying notes to consolidated financial statements.