Nordstrom 2010 Annual Report Download - page 48

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40
Nordstrom, Inc.
Consolidated Balance Sheets
In millions
January 29, 2011 January 30, 2010
Assets
Current assets:
Cash and cash equivalents $1,506 $795
Accounts receivable, net 2,026 2,035
Merchandise inventories 977 898
Current deferred tax assets, net 236 238
Prepaid expenses and other 79 88
Total current assets 4,824 4,054
Land, buildings and equipment (net of accumulated depreciation
of $3,520 and $3,316) 2,318 2,242
Goodwill 53 53
Other assets 267 230
Total assets $7,462 $6,579
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable $846 $726
Accrued salaries, wages and related benefits 375 336
Other current liabilities 652 596
Current portion of long-term debt 6 356
Total current liabilities 1,879 2,014
Long-term debt, net
2,775
2,257
Deferred property incentives, net 495 469
Other liabilities 292 267
Commitments and contingencies
Shareholders’ equity:
Common stock, no par value: 1,000 shares authorized;
218.0 and 217.7 shares issued and outstanding 1,168 1,066
Retained earnings 882 525
Accumulated other comprehensive loss (29) (19)
Total shareholders’ equity 2,021 1,572
Total liabilities and shareholders’ equity $7,462 $6,579
The accompanying Notes to Consolidated Financial Statements are an integral part of these financial statements.