Petsmart 2005 Annual Report Download - page 62

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PetSmart, Inc. and Subsidiaries
Consolidated Balance Sheets
(In thousands, except par value)
January 29,
2006
January 30,
2005
ASSETS
Cash and cash equivalents .......................................... $ 110,415 $ 87,032
Short-term investments ............................................. 219,900 313,575
Receivables, net .................................................. 36,902 27,123
Merchandise inventories ............................................ 399,413 337,281
Deferred income taxes ............................................. 26,254 19,881
Prepaid expenses and other current assets ............................... 47,612 43,958
Total current assets .............................................. 840,496 828,850
Property and equipment, net ......................................... 857,658 699,262
Long-term investments ............................................. 33,667 33,526
Deferred income taxes ............................................. 92,092 81,863
Goodwill ....................................................... 14,422 14,422
Intangible assets, net .............................................. 1,605 2,369
Other noncurrent assets ............................................ 23,751 18,115
Total assets.................................................... $1,863,691 $1,678,407
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and bank overdraft. ................................. $ 155,424 $ 130,320
Accrued payroll, bonus and employee benefits ........................... 103,827 86,626
Accrued occupancy expenses ........................................ 42,425 33,978
Current maturities of capital lease obligations ............................ 12,559 6,585
Other current liabilities ............................................. 148,495 93,412
Total current liabilities ........................................... 462,730 350,921
Capital lease obligations ............................................ 351,564 244,150
Deferred rents and other noncurrent liabilities ............................ 108,647 109,389
Total liabilities ................................................. 922,941 704,460
Commitments and contingencies
Stockholders’ equity:
Preferred stock; $.0001 par value; 10,000 shares authorized, none issued and
outstanding .................................................. — —
Common stock; $.0001 par value; 625,000 and 250,000 shares authorized,
153,024 and 149,517 shares issued ................................ 15 15
Additional paid-in capital ......................................... 970,664 904,330
Retained earnings ............................................... 348,442 182,959
Accumulated other comprehensive income............................. 1,606 1,618
Less: treasury stock, at cost, 14,027 and 4,087 shares .................... (379,977) (114,975)
Total stockholders’ equity ....................................... 940,750 973,947
Total liabilities and stockholders’ equity............................. $1,863,691 $1,678,407
The accompanying notes are an integral part of these consolidated financial statements.
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