Nordstrom 2008 Annual Report Download - page 35

Nordstrom, Inc. and subsidiaries 35
Nordstrom, Inc.
Consolidated Balance Sheets
In millions
January 31, 2009 February 2, 2008
Assets
Current assets:
Cash and cash equivalents $72 $358
Accounts receivable, net 1,942 1,788
Merchandise inventories 900 956
Current deferred tax assets, net 210 181
Prepaid expenses and other 93 78
Total current assets 3,217 3,361
Land, buildings and equipment, net 2,221 1,983
Goodwill 53 53
Other assets 170 203
Total assets $5,661 $5,600
Liabilities and Shareholders’ Equity
Current liabilities:
Commercial paper $275 —
Accounts payable 563 $556
Accrued salaries, wages and related benefits 214 268
Other current liabilities 525 550
Current portion of long-term debt 24 261
Total current liabilities 1,601 1,635
Long-term debt, net 2,214 2,236
Deferred property incentives, net 435 369
Other liabilities 201 245
Commitments and contingencies
Shareholders’ equity:
Common stock, no par value: 1,000 shares authorized;
215.4 and 220.9 shares issued and outstanding 997 936
Retained earnings 223 201
Accumulated other comprehensive loss (10) (22)
Total shareholders’ equity 1,210 1,115
Total liabilities and shareholders’ equity $5,661 $5,600
The accompanying Notes to Consolidated Financial Statements are an integral part of these financial statements.