Nordstrom 2009 Annual Report Download - page 45

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Nordstrom, Inc. and subsidiaries 37
Nordstrom, Inc.
Consolidated Balance Sheets
In millions
January 30, 2010 January 31, 2009
Assets
Current assets:
Cash and cash equivalents $795 $72
Accounts receivable, net 2,035 1,942
Merchandise inventories 898 900
Current deferred tax assets, net 238 210
Prepaid expenses and other 88 93
Total current assets 4,054 3,217
Land, buildings and equipment, net 2,242 2,221
Goodwill 53 53
Other assets 230 170
Total assets $6,579 $5,661
Liabilities and Shareholders’ Equity
Current liabilities:
Commercial paper – $275
Accounts payable $726 563
Accrued salaries, wages and related benefits 336 214
Other current liabilities 596 525
Current portion of long-term debt 356 24
Total current liabilities 2,014 1,601
Long-term debt, net 2,257 2,214
Deferred property incentives, net 469 435
Other liabilities 267 201
Commitments and contingencies
Shareholders’ equity:
Common stock, no par value: 1,000 shares authorized;
217.7 and 215.4 shares issued and outstanding 1,066 997
Retained earnings 525 223
Accumulated other comprehensive loss (19) (10)
Total shareholders’ equity 1,572 1,210
Total liabilities and shareholders’ equity $6,579 $5,661
The accompanying Notes to Consolidated Financial Statements are an integral part of these financial statements.