Petsmart 2009 Annual Report Download - page 51

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PetSmart, Inc. and Subsidiaries
Consolidated Balance Sheets
(In thousands, except par value)
January 31,
2010
February 1,
2009
ASSETS
Cash and cash equivalents .......................................... $ 308,360 $ 126,314
Restricted cash .................................................. 48,172 —
Receivables, net ................................................. 52,232 48,609
Merchandise inventories ........................................... 563,389 584,011
Deferred income taxes............................................. 36,805 28,223
Prepaid expenses and other current assets............................... 57,652 87,677
Total current assets ............................................. 1,066,610 874,834
Property and equipment, net ........................................ 1,201,857 1,302,245
Equity investment in affiliate ........................................ 32,486 25,938
Deferred income taxes............................................. 94,901 93,128
Goodwill ...................................................... 42,200 38,645
Other noncurrent assets ............................................ 23,932 22,863
Total assets ................................................... $2,461,986 $2,357,653
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and bank overdraft ................................. $ 212,121 $ 194,630
Accrued payroll, bonus and employee benefits ........................... 105,162 88,337
Accrued occupancy expenses and deferred rents . . . ....................... 63,142 55,642
Current maturities of capital lease obligations ........................... 37,839 32,233
Other current liabilities ............................................ 146,965 107,315
Total current liabilities ........................................... 565,229 478,157
Capital lease obligations ........................................... 533,635 553,760
Deferred rents ................................................... 91,030 92,155
Other noncurrent liabilities ......................................... 99,377 89,445
Total liabilities ................................................ 1,289,271 1,213,517
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 shares authorized, 160,311 and
159,770 shares issued.......................................... 16 16
Additional paid-in capital......................................... 1,148,228 1,117,557
Retained earnings .............................................. 1,093,708 936,100
Accumulated other comprehensive income (loss) ....................... 2,369 (2,714)
Less: treasury stock, at cost, 39,517 and 32,408 shares ................... (1,071,606) (906,823)
Total stockholders’ equity ...................................... 1,172,715 1,144,136
Total liabilities and stockholders’ equity ............................ $2,461,986 $2,357,653
The accompanying notes are an integral part of these consolidated financial statements.
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