Nordstrom 2003 Annual Report Download - page 29

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consolidated balance sheets
NORDSTROM, INC. and SUBSIDIARIES
[27 ]
Dollars in thousands
January 31, 2004 2003
Assets
Current assets:
Cash and cash equivalents $476,224 $219,344
Accounts receivable, net 633,858 639,630
Retained interest in accounts receivable 272,294 124,543
Merchandise inventories 901,623 953,112
Prepaid expenses 49,750 40,261
Other current assets 121,681 111,138
Total current assets 2,455,430 2,088,028
Land, buildings and equipment, net 1,724,273 1,761,544
Goodwill, net 56,609 56,609
Tradename, net 84,000 84,000
Other assets 145,376 121,726
Total assets $4,465,688 $4,111,907
Liabilities and Shareholders’ Equity
Current liabilities:
Notes payable $286 $244
Accounts payable 512,035 429,808
Accrued salaries, wages and related benefits 333,428 260,562
Income taxes and other accruals 196,967 188,986
Current portion of long-term debt 6,833 5,545
Total current liabilities 1,049,549 885,145
Long-term debt 1,227,410 1,345,050
Deferred lease credits 377,321 383,100
Other liabilities 177,399 125,748
Shareholders’ equity:
Common stock, no par:
500,000,000 shares authorized;
138,376,669 and 135,444,041
shares issued and outstanding 424,645 358,069
Unearned stock compensation (597) (2,010)
Retained earnings 1,201,093 1,014,105
Accumulated other comprehensive earnings 8,868 2,700
Total shareholders’ equity 1,634,009 1,372,864
Total liabilities and shareholders’ equity $4,465,688 $4,111,907
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.