Petsmart 2011 Annual Report Download - page 55

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PetSmart, Inc. and Subsidiaries
Consolidated Balance Sheets
(In thousands, except par value)
January 29,
2012
January 30,
2011
ASSETS
Cash and cash equivalents .............................................. $ 342,892 $ 291,949
Short-term investments ................................................. 20,311 9,708
Restricted cash ....................................................... 70,189 61,439
Receivables, net ...................................................... 53,899 53,971
Merchandise inventories ................................................ 644,864 615,841
Deferred income taxes ................................................. 51,381 44,999
Prepaid expenses and other current assets .................................. 80,352 46,022
Total current assets .................................................. 1,263,888 1,123,929
Property and equipment, net ............................................. 1,067,028 1,132,435
Equity investment in Banfield ........................................... 37,824 42,858
Deferred income taxes ................................................. 93,485 96,215
Goodwill ............................................................ 44,084 44,111
Other noncurrent assets ................................................ 37,775 30,672
Total assets ........................................................ $2,544,084 $ 2,470,220
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and bank overdraft ..................................... $ 199,177 $ 168,776
Accrued payroll, bonus and employee benefits .............................. 158,079 139,359
Accrued occupancy expenses and deferred rents ............................. 68,584 64,328
Current maturities of capital lease obligations ............................... 54,219 45,277
Other current liabilities ................................................. 201,247 156,065
Total current liabilities ............................................... 681,306 573,805
Capital lease obligations ................................................ 505,273 521,552
Deferred rents ........................................................ 81,403 86,027
Other noncurrent liabilities .............................................. 122,273 118,194
Total liabilities ..................................................... 1,390,255 1,299,578
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, 164,801 and
162,586 shares issued .............................................. 16 16
Additional paid-in capital ............................................. 1,312,996 1,222,340
Retained earnings ................................................... 1,507,054 1,277,803
Accumulated other comprehensive income ............................... 5,490 5,380
Less: Treasury stock, at cost, 54,686 and 47,094 shares ..................... (1,671,727) (1,334,897)
Total stockholders’ equity .......................................... 1,153,829 1,170,642
Total liabilities and stockholders’ equity ............................... $2,544,084 $ 2,470,220
The accompanying notes are an integral part of these consolidated financial statements.
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