Family Dollar 2011 Annual Report Download - page 43

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FAMILY DOLLAR STORES, INC., AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(in thousands, except per share and share amounts)
August 27,
2011
August 28,
2010
Assets
Current assets:
Cash and cash equivalents ........................................ $ 141,405 $ 382,754
Short-term investment securities ................................... 96,006 120,325
Merchandise inventories ......................................... 1,154,660 1,028,022
Deferred income taxes ........................................... 60,011 52,190
Income tax refund receivable ..................................... 10,326 —
Prepayments and other current assets ............................... 71,436 63,005
Total current assets ......................................... 1,533,844 1,646,296
Property and equipment, net .......................................... 1,280,589 1,111,966
Investment securities ................................................ 107,458 147,108
Other assets ....................................................... 74,314 62,775
Total assets ....................................................... $ 2,996,205 $ 2,968,145
Liabilities and Shareholders’ Equity
Current liabilities:
Current portion of long-term debt .................................. $ 16,200 $ —
Accounts payable .............................................. 685,063 676,975
Accrued liabilities .............................................. 310,818 309,347
Income taxes .................................................. 4,974 18,447
Total current liabilities ...................................... 1,017,055 1,004,769
Long-term debt .................................................... 532,370 250,000
Other liabilities .................................................... 270,466 253,576
Deferred income taxes ............................................... 89,240 38,246
Commitments and contingencies (Note 10)
Shareholders’ equity:
Preferred stock, $1 par; authorized 500,000 shares; no shares issued and
outstanding ................................................. — —
Common stock, $.10 par; authorized 600,000,000 shares; issued
147,316,232 shares at August 27, 2011, and 146,496,237 shares at
August 28, 2010, and outstanding 117,353,341 shares at August 27,
2011, and 130,452,959 shares at August 28, 2010 ................... 14,732 14,650
Capital in excess of par .......................................... 274,445 243,831
Retained earnings .............................................. 1,969,749 1,665,646
Accumulated other comprehensive loss ............................. (6,403) (7,046)
Common stock held in treasury, at cost (29,962,891 shares at August 27,
2011, and 16,043,278 shares at August 28, 2010) ................... (1,165,449) (495,527)
Total shareholders’ equity .................................... 1,087,074 1,421,554
Total liabilities and shareholders’ equity ................................ $ 2,996,205 $ 2,968,145
The accompanying notes are an integral part of the consolidated financial statements.
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