Lumber Liquidators 2008 Annual Report Download - page 55

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Lumber Liquidators, Inc.
Consolidated Balance Sheets
(in thousands, except share data)
December 31,
2008 2007
Assets
Current Assets:
Cash and Cash Equivalents .............................................. $ 35,139 $ 33,168
Merchandise Inventories ................................................ 88,731 72,024
Prepaid Expenses ...................................................... 5,033 4,011
Other Current Assets ................................................... 3,731 3,862
Total Current Assets .............................................. 132,634 113,065
Property and Equipment, net ................................................. 13,780 11,580
Deferred Income Taxes ..................................................... 2,317 1,220
Other Assets ............................................................. 3,674 2,559
Total Assets ............................................................. $152,405 $128,424
Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts Payable ..................................................... $ 15,373 $ 15,654
Customer Deposits and Store Credits ...................................... 10,418 9,609
Accrued Compensation ................................................. 2,857 3,157
Sales and Income Tax Liabilities ......................................... 3,296 2,063
Other Current Liabilities ................................................ 4,445 4,707
Total Current Liabilities ........................................... 36,389 35,190
Deferred Rent ............................................................ 1,619 1,046
Stockholders’ Equity:
Common Stock ($0.001 par value; 35,000,000 authorized; 26,796,891 and
26,752,118 outstanding, respectively) ................................... 27 27
Additional Capital ..................................................... 87,613 87,553
Retained Earnings ..................................................... 26,757 4,608
Total Stockholders’ Equity ............................................. 114,397 92,188
Total Liabilities and Stockholders’ Equity .................................... $152,405 $128,424
See accompanying notes to consolidated financial statements
49