Nordstrom 2006 Annual Report Download - page 48

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30
Nordstrom, Inc.
Consolidated Balance Sheets
Amounts in thousands
February 3, 2007
January 28, 2006
Assets
Current assets:
Cash and cash equivalents
$402,559
$462,656
Short-term investments
—
54,000
Accounts receivable, net
684,376
639,558
Investment in asset backed securities
428,175
561,136
Merchandise inventories
997,289
955,978
Current deferred tax assets, net
169,320
145,470
Prepaid expenses and other
60,474
55,359
Total current assets
2,742,193
2,874,157
Land, buildings and equipment, net
1,757,215
1,773,871
Goodwill
51,714
51,714
Acquired tradename
84,000
84,000
Other assets
186,456
137,607
Total assets
$4,821,578
$4,921,349
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable
$576,796
$540,019
Accrued salaries, wages and related benefits
339,965
285,982
Other current liabilities
433,487
409,076
Income taxes payable
76,095
81,617
Current portion of long-term debt
6,800
306,618
Total current liabilities
1,433,143
1,623,312
Long-term debt, net
623,652
627,776
Deferred property incentives, net
356,062
364,382
Other liabilities
240,200
213,198
Shareholders’ equity:
Common stock, no par value: 1,000,000 shares authorized;
257,313 and 269,549 shares issued and outstanding
826,421
685,934
Unearned stock compensation
—
(327)
Retained earnings
1,350,680
1,404,366
Accumulated other comprehensive (loss) earnings
(8,580)
2,708
Total shareholders’ equity
2,168,521
2,092,681
Total liabilities and shareholders’ equity
$4,821,578
$4,921,349
The accompanying Notes to Consolidated Financial Statements are an integral part of these financial statements.