Dillard's 2008 Annual Report Download - page 54

CONSOLIDATED BALANCE SHEETS
January 31,
2009
February 2,
2008
Dollars in Thousands
Assets
Current assets:
Cash and cash equivalents .......................................... $ 96,823 $ 88,912
Accounts receivable, net ............................................ 87,998 10,880
Merchandise inventories ............................................ 1,374,394 1,779,279
Federal income tax ................................................ 74,415 —
Other current assets ............................................... 53,125 66,117
Total current assets ............................................ 1,686,755 1,945,188
Property and equipment:
Land and land improvements ........................................ 73,948 83,346
Buildings and leasehold improvements ................................ 3,114,503 3,117,292
Furniture, fixtures and equipment .................................... 1,843,399 1,969,343
Buildings under construction ........................................ 2,941 96,057
Buildings and equipment under capital leases ........................... 40,820 48,910
Less accumulated depreciation and amortization ......................... (2,102,460) (2,124,504)
2,973,151 3,190,444
Goodwill ............................................................ — 31,912
Other assets .......................................................... 85,938 170,585
Total assets .......................................................... $4,745,844 $ 5,338,129
Liabilities and stockholders’ equity
Current liabilities:
Trade accounts payable and accrued expenses ........................... $ 642,940 $ 753,309
Current portion of long-term debt .................................... 25,535 196,446
Current portion of capital lease obligations ............................. 1,704 2,613
Other short-term borrowings ........................................ 200,000 195,000
Federal and state income taxes including current deferred taxes ............. 43,486 36,802
Total current liabilities ......................................... 913,665 1,184,170
Long-term debt ....................................................... 757,689 760,165
Capital lease obligations ................................................ 24,116 25,739
Other liabilities ....................................................... 220,911 217,403
Deferred income taxes ................................................. 378,348 436,541
Operating leases and commitments
Guaranteed preferred beneficial interests in the Company’s subordinated
debentures ......................................................... 200,000 200,000
Stockholders’ equity:
Common stock, Class A – 116,560,308 and 116,445,495 shares issued;
69,443,560 and 71,155,347 shares outstanding ........................ 1,166 1,165
Common stock, Class B (convertible) – 4,010,929 shares issued and
outstanding .................................................... 40 40
Additional paid-in capital ........................................... 781,055 778,987
Accumulated other comprehensive loss ................................ (16,872) (22,211)
Retained earnings ................................................. 2,427,727 2,680,690
Less treasury stock, at cost, Class A – 47,116,748 and 45,290,148 shares ..... (942,001) (924,560)
Total stockholders’ equity ...................................... 2,251,115 2,514,111
Total liabilities and stockholders’ equity ................................... $4,745,844 $ 5,338,129
See notes to consolidated financial statements.
F-6