Dillard's 2004 Annual Report Download - page 47

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5. Long-term Debt
Long-term debt consists of the following:
(in thousands of dollars) January 29, 2005 January 31, 2004
Unsecured notes
at rates ranging from
6.30% to 9.50%,
due 2005 through 2028 $1,357,391 $1,561,353
Receivable financing facilities
at rates ranging from 1.4% to
3.8% - 400,000
Mortgage notes, payable
monthly or quarterly
(some with balloon payments)
through 2013 and bearing
interest at rates ranging from
7.25% to 10.12% 57,062 59,753
1,414,453 2,021,106
Current portion (91,629) (166,041)
$1,322,824 $1,855,065
Building, land, and land improvements with a carrying value of $50.5 million at January 29, 2005 were pledged as
collateral on the mortgage notes. Maturities of long-term debt over the next five years are $92 million, $98 million, $201
million, $198 million and $25 million. Outstanding letters of credit aggregated $69.7 million at January 29, 2005.
Interest and debt expense consists of the following:
Fiscal Fiscal Fiscal
(in thousands of dollars) 2004 2003 2002
Long-term debt:
Interest $121,648 $144,276 $154,698
Call premium - 15,568 11,395
Loss on early retirement
of long-term debt - - 6,839
Amortization of
debt expense 4,027 6,985 4,088
125,675 166,829 177,020
Interest on capital
lease obligations 2,372 2,202 2,354
Interest on receivable financing 11,009 12,034 10,405
$139,056 $181,065 $189,779
Interest paid during fiscal 2004, 2003 and 2002 was approximately $145.4 million, $186.9 million and $158.6 million,
respectively.
F-15