Dick's Sporting Goods 2003 Annual Report Download - page 37

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consolidated balance sheets
January 31, February 1,
Fiscal Year Ended 2004 2003
(Dollars in thousands, except per share data)
ASSETS
Current assets:
Cash and cash equivalents $ 93,674 $ 11,120
Accounts receivable, net 10,417 16,400
Inventories, net 254,360 233,497
Deferred income taxes 1,021 8,697
Prepaid expenses and other current assets 5,222 5,572
Total current assets 364,694 275,286
Property and equipment, net 100,965 80,109
Construction in progress – leased facilities 10,927 –
Other assets:
Deferred income taxes 4,707 7,512
Investments 7,054 1,950
Other 10,184 11,378
Total other assets 21,945 20,840
Total assets $498,531 $376,235
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $118,383 $ 125,208
Accrued expenses 72,090 59,248
Deferred revenue and other liabilities 37,037 22,752
Income taxes payable –12,763
Current portion of long-term debt and capital leases 505 213
Total current liabilities 228,015 220,184
Long-term liabilities:
Revolving credit borrowings – –
Long-term debt and capital leases 3,411 3,364
Non-cash obligations for construction in progress – leased facilities 10,927 –
Deferred revenue and other liabilities 13,197 12,188
Total long-term liabilities 27,535 15,552
Commitments and contingencies
Stockholders’ equity:
Preferred stock, par value, $.01 per share,
authorized shares 5,000,000; none issued and outstanding ––
Common stock, par value, $.01 per share, authorized
shares 100,000,000; issued and outstanding shares
33,052,882 and 25,134,048 at January 31, 2004
and February 1, 2003, respectively 331 251
Class B common stock, par value, $.01 per share,
authorized shares 20,000,000; issued and outstanding
shares 14,107,644 and 15,362,016 at January 31, 2004
and February 1, 2003, respectively 141 154
Additional paid-in capital 175,748 129,869
Retained earnings 63,044 10,225
Accumulated other comprehensive income 3,717 –
Total stockholders’ equity 242,981 140,499
Total liabilities and stockholders’ equity $498,531 $376,235
See notes to consolidated financial statements.
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