Lumber Liquidators 2014 Annual Report Download - page 53

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Lumber Liquidators Holdings, Inc.
Consolidated Balance Sheets
(in thousands, except share data)
December 31,
2014 2013
Assets
Current Assets:
Cash and Cash Equivalents .................................. $ 20,287 $ 80,634
Merchandise Inventories .................................... 314,371 252,428
Prepaid Expenses ........................................ 5,575 6,229
Other Current Assets ...................................... 17,044 12,916
Total Current Assets .................................... 357,277 352,207
Property and Equipment, net .................................. 124,867 65,947
Goodwill ................................................ 9,693 9,693
Other Assets ............................................. 1,625 1,712
Total Assets ............................................. $ 493,462 $429,559
Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts Payable ........................................ $ 80,303 $ 56,327
Customer Deposits and Store Credits ........................... 34,943 22,377
Accrued Compensation .................................... 3,693 11,709
Sales and Income Tax Liabilities .............................. 7,472 4,878
Other Current Liabilities ................................... 17,836 11,709
Total Current Liabilities ................................. 144,247 107,000
Deferred Rent ............................................ 6,603 4,169
Deferred Tax Liability ....................................... 10,558 9,061
Stockholders’ Equity:
Common Stock ($0.001 par value; 35,000,000 shares authorized; 27,069,307
and 27,557,570 shares outstanding, respectively) ................. 30 30
Treasury Stock, at cost (2,816,780 and 2,133,307 shares, respectively) .... (138,692) (85,382)
Additional Capital ........................................ 177,479 164,581
Retained Earnings ........................................ 294,033 230,662
Accumulated Other Comprehensive Loss ........................ (796) (562)
Total Stockholders’ Equity ................................. 332,054 309,329
Total Liabilities and Stockholders’ Equity ........................ $ 493,462 $429,559
See accompanying notes to consolidated financial statements
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