DSW 2009 Annual Report Download - page 46

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DSW INC.
CONSOLIDATED BALANCE SHEETS
January 30,
2010
January 31,
2009
(In thousands,
except share amounts)
ASSETS
Cash and equivalents ................................................ $125,020 $ 54,782
Short-term investments, net ........................................... 164,265 101,404
Accounts receivable, net ............................................. 5,406 6,851
Accounts receivable from related parties, net .............................. 123 336
Inventories ....................................................... 262,284 244,008
Prepaid expenses and other current assets ................................. 20,762 24,790
Deferred income taxes ............................................... 29,130 21,876
Total current assets ................................................. 606,990 454,047
Property and equipment — at cost:
Furniture, fixtures and equipment ................................... 235,460 223,285
Leasehold improvements ......................................... 158,687 154,140
Total property and equipment .................................... 394,147 377,425
Less accumulated depreciation ..................................... (187,723) (144,059)
Property and equipment, net ..................................... 206,424 233,366
Goodwill......................................................... 25,899 25,899
Deferred income taxes and other assets .................................. 11,443 7,885
Total assets ....................................................... $850,756 $ 721,197
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable .................................................. $119,064 $ 92,912
Accounts payable to related parties ..................................... 1,495 2,299
Accrued expenses:
Compensation ................................................... 26,244 9,971
Taxes ......................................................... 28,882 10,228
Gift cards and merchandise credits .................................... 17,774 15,491
Other ......................................................... 31,260 27,425
Total current liabilities ............................................... 224,719 158,326
Non-current liabilities ............................................... 101,156 97,287
Commitments and contingencies
Shareholders’ equity:
Class A Common Shares, no par value; 170,000,000 authorized; 16,508,581 and
16,315,746 issued and outstanding, respectively .......................... 306,123 294,222
Class B Common Shares, no par value; 100,000,000 authorized; 27,382,667 and
27,702,667 issued and outstanding, respectively ..........................
Preferred Shares, no par value; 100,000,000 authorized; no shares issued or
outstanding .....................................................
Retained earnings .................................................. 218,758 172,017
Accumulated other comprehensive loss .................................. (655)
Total shareholders’ equity ............................................ 524,881 465,584
Total liabilities and shareholders’ equity.................................. $850,756 $ 721,197
The accompanying Notes are an integral part of the Consolidated Financial Statements.
F-2