Coach 2006 Annual Report Download - page 28

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35
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Reports of Independent Registered Public Accounting Firm 37
Consolidated Balance Sheets — At June 30, 2007 and July 1, 2006 39
Consolidated Statements of Income — For Fiscal Years Ended June 30, 2007, July 1, 2006 and July 2,
2005
40
Consolidated Statements of Stockholders’ Equity — For Fiscal Years Ended June 30, 2007,
July 1, 2006 and July 2, 2005
41
Consolidated Statements of Cash Flows — For Fiscal Years Ended June 30, 2007, July 1, 2006 and July
2, 2005
42
Notes to Consolidated Financial Statements 43
Market and Dividend Information 66
Financial Statement Schedules for the years ended June 30, 2007, July 1, 2006 and July 2, 2005:
Schedule II — Valuation and Qualifying Accounts 67
All other schedules are omitted because they are not applicable or the required information is shown in the consolidated financial statements
or notes thereto.
36
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
To the Board of Directors and Stockholders of
Coach, Inc.
New York, New York
We have audited the accompanying consolidated balance sheets of Coach, Inc. and subsidiaries (the “Company”) as of June 30, 2007
and July 1, 2006, and the related consolidated statements of income, stockholders’ equity and cash flows for each of the three years in the
period ended June 30, 2007. Our audits also included the consolidated financial statement schedule listed in the Index at Item 15. These
consolidated financial statements and the consolidated financial statement schedule are the responsibility of the Company’s management.
Our responsibility is to express an opinion on these consolidated financial statements and the consolidated financial statement schedule
based on our audits.
We conducted our audits in accordance with standards of the Public Company Accounting Oversight Board (United States). Those
standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, such consolidated financial statements present fairly, in all material respects, the consolidated financial position of the
Company at June 30, 2007 and July 1, 2006, and the consolidated results of their operations and their cash flows for each of the three years
in the period ended June 30, 2007, in conformity with accounting principles generally accepted in the United States of America. Also, in our
opinion, such consolidated financial statement schedule referred to above, when considered in relation to the basic consolidated financial
statements taken as a whole, presents fairly, in all material respects, the information set forth therein.