Petsmart 2012 Annual Report Download - page 49

F-3
PetSmart, Inc. and Subsidiaries
Consolidated Balance Sheets
(In thousands, except par value)
February 3,
2013 January 29, 2012
ASSETS
Cash and cash equivalents .......................................................................................................... $ 335,155 $ 342,892
Short-term investments............................................................................................................... 9,150 20,311
Restricted cash............................................................................................................................ 71,916 70,189
Receivables, net.......................................................................................................................... 72,198 53,899
Merchandise inventories............................................................................................................. 679,090 644,864
Deferred income taxes................................................................................................................ 62,859 51,381
Prepaid expenses and other current assets.................................................................................. 86,768 80,352
Total current assets................................................................................................................... 1,317,136 1,263,888
Property and equipment, net....................................................................................................... 985,707 1,067,028
Equity investment in Banfield .................................................................................................... 39,934 37,824
Deferred income taxes................................................................................................................ 102,992 93,485
Goodwill ..................................................................................................................................... 44,242 44,084
Other noncurrent assets............................................................................................................... 46,970 37,775
Total assets............................................................................................................................... $ 2,536,981 $ 2,544,084
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and bank overdraft......................................................................................... $ 202,122 $ 199,177
Accrued payroll, bonus and employee benefits.......................................................................... 176,082 158,079
Accrued occupancy expenses and deferred rents ....................................................................... 70,671 68,584
Current maturities of capital lease obligations ........................................................................... 61,581 54,219
Other current liabilities............................................................................................................... 244,436 201,247
Total current liabilities.............................................................................................................. 754,892 681,306
Capital lease obligations............................................................................................................. 464,578 505,273
Deferred rents ............................................................................................................................. 73,855 81,403
Other noncurrent liabilities......................................................................................................... 120,064 122,273
Total liabilities.......................................................................................................................... 1,413,389 1,390,255
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, 167,209 and 164,801 shares
issued........................................................................................................................................ 17 16
Additional paid-in capital......................................................................................................... 1,418,411 1,312,996
Retained earnings..................................................................................................................... 1,827,996 1,507,054
Accumulated other comprehensive income ............................................................................. 5,506 5,490
Less: Treasury stock, at cost, 61,879 and 54,686 shares.......................................................... (2,128,338)(1,671,727)
Total stockholders’ equity...................................................................................................... 1,123,592 1,153,829
Total liabilities and stockholders’ equity............................................................................... $ 2,536,981 $ 2,544,084
The accompanying notes are an integral part of these consolidated financial statements.