Kohl's 2008 Annual Report Download - page 42

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KOHL’S CORPORATION
CONSOLIDATED BALANCE SHEETS
(Dollars In Millions, Except Per Share Data)
January 31,
2009
February 2,
2008
ASSETS
Current assets:
Cash ............................................................... $ 167 $ 181
Short-term investments ................................................ 509 483
Merchandise inventories ............................................... 2,799 2,856
Deferred income taxes ................................................ 74 71
Other .............................................................. 151 133
Total current assets ............................................... 3,700 3,724
Property and equipment, net ................................................ 6,984 6,510
Long-term investments .................................................... 332 —
Favorable lease rights, net ................................................. 201 210
Goodwill ............................................................... 99
Other assets ............................................................. 108 107
Total assets ..................................................... $11,334 $10,560
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable .................................................... $ 881 $ 836
Accrued liabilities .................................................... 812 798
Income taxes payable ................................................. 105 124
Current portion of capital leases ......................................... 17 13
Total current liabilities ............................................ 1,815 1,771
Long-term debt and capital leases ........................................... 2,053 2,052
Deferred income taxes .................................................... 320 262
Other long-term liabilities .................................................. 407 373
Shareholders’ equity:
Common stock—$0.01 par value, 800 million shares
authorized, 351 million shares issued ................................... 44
Paid-in capital ....................................................... 1,971 1,911
Treasury stock at cost, 46 million and 40 million shares ...................... (2,638) (2,376)
Accumulated other comprehensive loss ................................... (46) —
Retained earnings .................................................... 7,448 6,563
Total shareholders’ equity ......................................... 6,739 6,102
Total liabilities and shareholders’ equity .............................. $11,334 $10,560
See accompanying Notes to Consolidated Financial Statements
F-3