Lumber Liquidators 2009 Annual Report Download - page 48

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Lumber Liquidators Holdings, Inc.
Consolidated Balance Sheets
(in thousands, except share data)
December 31,
2009 2008
Assets
Current Assets:
Cash and Cash Equivalents ....................................................... $ 35,675 $ 35,139
Merchandise Inventories ......................................................... 133,342 88,731
Prepaid Expenses ............................................................... 5,988 5,033
Other Current Assets ............................................................ 4,356 3,731
Total Current Assets ....................................................... 179,361 132,634
Property and Equipment, net .......................................................... 20,491 13,780
Deferred Income Taxes .............................................................. 2,002 2,317
Other Assets ....................................................................... 4,026 3,674
Total Assets ....................................................................... $205,880 $152,405
Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts Payable ............................................................... $ 32,608 $ 15,373
Customer Deposits and Store Credits ................................................ 9,805 10,418
Accrued Compensation .......................................................... 4,512 2,857
Sales and Income Tax Liabilities ................................................... 2,770 3,296
Other Current Liabilities ......................................................... 5,566 4,445
Total Current Liabilities .................................................... 55,261 36,389
Deferred Rent ...................................................................... 2,185 1,619
Stockholders’ Equity:
Common Stock ($0.001 par value; 35,000,000 authorized; 27,234,222 and 26,796,891
outstanding, respectively) ....................................................... 27 27
Additional Capital .............................................................. 94,726 87,613
Retained Earnings ............................................................... 53,681 26,757
Total Stockholders’ Equity ...................................................... 148,434 114,397
Total Liabilities and Stockholders’ Equity ............................................. $205,880 $152,405
See accompanying notes to consolidated financial statements
42