Nordstrom 1999 Annual Report Download - page 37

Download and view the complete annual report

Please find page 37 of the 1999 Nordstrom 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 62

  • 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

35NORDSTROM, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
Dollars in thousands
January 31, 2000 1999
Assets
Current assets:
Cash and cash equivalents $ 27,042 $ 241,431
Short-term investment 25,527 —
Accounts receivable, net 616,989 587,135
Merchandise inventories 797,845 750,269
Prepaid income taxes and other 97,245 74,228
Total current assets 1,564,648 1,653,063
Land, buildings and equipment, net 1,429,492 1,378,006
Available-for-sale investment 35,251 —
Other assets 32,690 56,994
Total assets $ 3,062,081 $ 3,088,063
Liabilities and Shareholders’ Equity
Current liabilities:
Notes payable $ 70,934 $ 78,783
Accounts payable 390,688 339,635
Accrued salaries, wages and related benefits 211,308 196,366
Income taxes and other accruals 135,388 100,739
Current portion of long-term debt 58,191 63,341
Total current liabilities 866,509 778,864
Long-term debt 746,791 804,893
Deferred lease credits 194,995 147,188
Other liabilities 68,172 56,573
Shareholders’ equity:
Common stock, no par:
250,000,000 shares authorized;
132,279,988 and 142,114,167
shares issued and outstanding 247,559 230,761
Unearned stock compensation (8,593) (4,703)
Retained earnings 929,616 1,074,487
Accumulated other comprehensive income 17,032 —
Total shareholders’ equity 1,185,614 1,300,545
Total liabilities and shareholders’ equity $ 3,062,081 $ 3,088,063
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.