Nordstrom 2002 Annual Report Download - page 25

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consolidated balance sheets
NORDSTROM INC. AND SUBSIDIARIES 23
Dollars in thousands
January 31, 2003 2002
Assets
Current assets:
Cash and cash equivalents $208,329 $331,327
Accounts receivable, net 759,262 698,475
Merchandise inventories 953,112 888,172
Prepaid expenses 40,261 36,888
Other current assets 111,654 102,249
Total current assets 2,072,618 2,057,111
Land, buildings and equipment, net 1,761,544 1,761,082
Goodwill, net 40,355 38,198
Tradename, net 100,133 100,133
Other assets 121,726 94,655
Total assets $4,096,376 $4,051,179
Liabilities and Shareholders’ Equity
Current liabilities:
Notes payable $244 $148
Accounts payable 414,754 490,988
Accrued salaries, wages and related benefits 260,562 236,373
Income taxes and other accruals 188,986 144,402
Current portion of long-term debt 5,545 78,227
Total current liabilities 870,091 950,138
Long-term debt 1,341,826 1,351,044
Deferred lease credits 383,100 342,046
Other liabilities 129,302 93,463
Shareholders’ equity:
Common stock, no par:
500,000,000 shares authorized;
135,444,041 and 134,468,608
shares issued and outstanding 358,069 341,316
Unearned stock compensation (2,010) (2,680)
Retained earnings 1,014,105 975,203
Accumulated other comprehensive earnings 1,893 649
Total shareholders’ equity 1,372,057 1,314,488
Total liabilities and shareholders’ equity $4,096,376 $4,051,179
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.