North Face 2000 Annual Report Download - page 26

Download and view the complete annual report

Please find page 26 of the 2000 North Face annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 40

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40

24
Consolidated Balance Sheets
In thousands December 30, 2000 January 1, 2000
Assets
Current Assets
Cash and equivalents $ 118,891 $ 79,861
Accounts receivable, less allowances of $54,918 in 2000
and $54,477 in 1999 716,299 732,502
Inventories 1,124,438 964,040
Deferred income taxes 118,314 74,067
Other current assets 32,154 26,946
Total current assets 2,110,096 1,877,416
Property, Plant and Equipment 776,015 804,422
Intangible Assets 1,101,876 992,463
Other Assets 370,169 352,213
$4,358,156 $4,026,514
Liabilities and Shareholders’ Equity
Current Liabilities
Short-term borrowings $ 147,005 $ 408,932
Current portion of long-term debt 113,999 4,751
Accounts payable 340,127 332,666
Accrued liabilities 405,069 367,124
Total current liabilities 1,006,200 1,113,473
Long-term Debt 905,036 517,834
Other Liabilities 214,590 194,113
Redeemable Preferred Stock 48,483 51,544
Deferred Contributions to Employee Stock Ownership Plan (7,966) (14,268)
40,517 37,276
Common Shareholders’ Equity
Common Stock, stated value $1; shares
authorized, 300,000,000; shares outstanding,
112,258,556 in 2000 and 116,204,655 in 1999 112,259 116,205
Additional paid-in capital 833,441 831,054
Accumulated other comprehensive income (loss) (87,875) (64,756)
Retained earnings 1,333,988 1,281,315
Total common shareholders’ equity 2,191,813 2,163,818
$4,358,156 $4,026,514
See notes to consolidated financial statements.