Macy's 2008 Annual Report Download - page 54

Download and view the complete annual report

Please find page 54 of the 2008 Macy's annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 109

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109

MACY’S, INC.
CONSOLIDATED BALANCE SHEETS
(millions)
January 31, 2009 February 2, 2008
ASSETS
Current Assets:
Cash and cash equivalents ...................................... $ 1,306 $ 583
Receivables .................................................. 439 463
Merchandise inventories ........................................ 4,769 5,060
Supplies and prepaid expenses ................................... 226 218
Total Current Assets ....................................... 6,740 6,324
Property and Equipment – net ....................................... 10,442 10,991
Goodwill ........................................................ 3,743 9,133
Other Intangible Assets – net ........................................ 719 831
Other Assets ..................................................... 501 510
Total Assets ............................................. $22,145 $27,789
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Short-term debt ............................................... $ 966 $ 666
Merchandise accounts payable ................................... 1,282 1,398
Accounts payable and accrued liabilities ........................... 2,628 2,729
Income taxes ................................................. 28 344
Deferred income taxes ......................................... 222 223
Total Current Liabilities .................................... 5,126 5,360
Long-Term Debt .................................................. 8,733 9,087
Deferred Income Taxes ............................................ 1,119 1,446
Other Liabilities .................................................. 2,521 1,989
Shareholders’ Equity:
Common stock (420.1 and 419.7 shares outstanding) ................. 5 5
Additional paid-in capital ....................................... 5,663 5,609
Accumulated equity ........................................... 2,008 7,032
Treasury stock ............................................... (2,544) (2,557)
Accumulated other comprehensive loss ............................ (486) (182)
Total Shareholders’ Equity .................................. 4,646 9,907
Total Liabilities and Shareholders’ Equity ...................... $22,145 $27,789
The accompanying notes are an integral part of these Consolidated Financial Statements.
F-6