Neiman Marcus 2009 Annual Report Download - page 131

Table of Contents
The following table presents our revenues by merchandise category as a percentage of net sales:
Years Ended
July 31,
2010
August 1,
2009
August 2,
2008
Women's Apparel 36% 36% 36%
Women's Shoes, Handbags and Accessories 22% 21% 20%
Cosmetics and Fragrances 11% 11% 11%
Men's Apparel and Shoes 11% 12% 12%
Designer and Precious Jewelry 11% 11% 12%
Home Furnishings and Décor 7% 7% 8%
Other 2%2%1%
100%100%100%
NOTE 17. CONDENSED CONSOLIDATING FINANCIAL INFORMATION
2028 Debentures. All of NMG's obligations under the 2028 Debentures are guaranteed by the Company. The guarantee by
the Company is full and unconditional and joint and several. Currently, the Company's non-guarantor subsidiaries consist principally
of Bergdorf Goodman, Inc. through which NMG conducts the operations of its Bergdorf Goodman stores and NM Nevada Trust
which holds legal title to certain real property and intangible assets used by NMG in conducting its operations. Previously, our non-
guarantor subsidiaries also included an operating subsidiary domiciled in Canada providing support services to our Direct Marketing
operation through January 2009.
The following condensed consolidating financial information represents the financial information of Neiman Marcus, Inc.
and its non-guarantor subsidiaries, prepared on the equity basis of accounting. The information is presented in accordance with the
requirements of Rule 3-10 under the Securities and Exchange Commission's Regulation S-X. The financial information may not
necessarily be indicative of results of operations, cash flows or financial position had the non-guarantor subsidiaries operated as
independent entities.
July 31, 2010
(in thousands) Company NMG
Non-
Guarantor
Subsidiaries Eliminations Consolidated
ASSETS
Current assets:
Cash and cash equivalents $ — $ 420,163 $ 844 $ — $ 421,007
Merchandise inventories — 703,448 87,068 — 790,516
Other current assets — 136,690 11,909 — 148,599
Total current assets — 1,260,301 99,821 — 1,360,122
Property and equipment, net — 795,916 109,910 — 905,826
Goodwill and intangible assets, net — 1,475,475 1,730,213 — 3,205,688
Other assets — 58,875 1,771 — 60,646
Investments in subsidiaries 925,373 1,846,159 — (2,771,532)—
Total assets $ 925,373 $ 5,436,726 $ 1,941,715 $ (2,771,532) $ 5,532,282
LIABILITIES AND SHAREHOLDERS'
EQUITY
Current liabilities:
Accounts payable $ — $ 239,362 $ 31,416 $ — $ 270,778
Accrued liabilities — 298,840 62,616 — 361,456
Other current liabilities — 30,309 — — 30,309
Total current liabilities — 568,511 94,032 — 662,543
Long-term liabilities:
Long-term debt — 2,879,672 — — 2,879,672
Deferred income taxes — 668,647 — — 668,647
Other long-term liabilities — 394,523 1,524 — 396,047
Total long-term liabilities — 3,942,842 1,524 — 3,944,366
Total shareholders' equity 925,373 925,373 1,846,159 (2,771,532)925,373
Total liabilities and shareholders' equity $ 925,373 $ 5,436,726 $ 1,941,715 $ (2,771,532)$ 5,532,282
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