Barnes and Noble 2010 Annual Report Download - page 31

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CONSOLIDATED BALANCE SHEET
(In thousands, except per share data) MAY 1, 2010 MAY 2, 2009 JANUARY 31, 2009
ASSETS
Current assets
Cash and cash equivalents $ 60,965 86,594 281,608
Receivables, net 106,576 70,721 80,998
Merchandise inventories 1,370,111 1,233,756 1,203,471
Prepaid expenses and other current assets 181,825 121,563 121,102
Current assets of discontinued operations — — 30,199
Total current assets 1,719,477 1,512,634 1,717,378
Property and equipment
Land and land improvements 8,618 9,298 9,298
Buildings and leasehold improvements 1,212,567 1,102,439 1,096,801
Fixtures and equipment 1,594,048 1,331,524 1,385,454
2,815,233 2,443,261 2,491,553
Less accumulated depreciation and amortization 2,003,199 1,642,517 1,670,839
Net property and equipment 812,034 800,744 820,714
Goodwill 528,541 254,842 240,008
Intangible assets, net 580,962 82,691 83,443
Other noncurrent assets 64,672 13,368 8,000
Noncurrent assets of discontinued operations — — 8,321
Total assets $ 3,705,686 2,664,279 2,877,864
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable $ 868,976 698,315 746,599
Accrued liabilities 755,432 587,454 704,343
Short-term note payable 100,000 — —
Current liabilities of discontinued operations — — 18,807
Total current liabilities 1,724,408 1,285,769 1,469,749
Long-term debt 260,400 — —
Deferred taxes 311,607 79,369 79,170
Other long-term liabilities 505,903 387,318 393,006
Noncurrent liabilities of discontinued operations — — 12,713
Shareholders’ equity
Common stock; $.001 par value; 300,000 shares authorized;
88,993, 88,225 and 87,681 shares issued, respectively
89 88 88
Additional paid-in capital 1,286,215 1,274,454 1,262,358
Accumulated other comprehensive loss (13,212) (12,015) (14,503)
Retained earnings 681,082 697,042 721,200
Treasury stock, at cost, 33,285, 33,148 and 33,066 shares, respectively (1,052,356) (1,049,328) (1,047,529)
Total Barnes & Noble, Inc. Shareholders’ equity 901,818 910,241 921,614
Noncontrolling interest 1,550 1,582 1,612
Total shareholders’ equity 903,368 911,823 923,226
Commitments and contingencies — — —
Total liabilities and shareholders’ equity $ 3,705,686 2,664,279 2,877,864
2010 Annual Report 29