Nordstrom 2011 Annual Report Download - page 39

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Nordstrom, Inc. and subsidiaries 39
Nordstrom, Inc.
Consolidated Balance Sheets
In millions
January 28, 2012 January 29, 2011
Assets
Current assets:
Cash and cash equivalents $1,877 $1,506
Accounts receivable, net 2,033 2,026
Merchandise inventories 1,148 977
Current deferred tax assets, net 220 236
Prepaid expenses and other 282 79
Total current assets 5,560 4,824
Land, buildings and equipment, net 2,469 2,318
Goodwill 175 53
Other assets 287 267
Total assets $8,491 $7,462
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable $917 $846
Accrued salaries, wages and related benefits 388 375
Other current liabilities 764 652
Current portion of long–term debt 506 6
Total current liabilities 2,575 1,879
Long–term debt, net
3,141
2,775
Deferred property incentives, net 500 495
Other liabilities 319 292
Commitments and contingencies
Shareholders’ equity:
Common stock, no par value: 1,000 shares authorized;
207.6 and 218.0 shares issued and outstanding 1,484 1,168
Retained earnings 517 882
Accumulated other comprehensive loss (45) (29)
Total shareholders’ equity 1,956 2,021
Total liabilities and shareholders’ equity $8,491 $7,462
The accompanying Notes to Consolidated Financial Statements are an integral part of these financial statements.