Pier 1 2007 Annual Report Download - page 61
Download and view the complete annual report
Please find page 61 of the 2007 Pier 1 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.-
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
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51 -
52 -
53 -
54 -
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
63 -
64 -
65 -
66 -
67 -
68 -
69 -
70 -
71 -
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
 |
 |
CONSOLIDATING CONDENSED BALANCE SHEET
February 25, 2006
(In thousands)
Pier 1
Imports, Inc.
Guarantor
Subsidiaries
Non-Guarantor
Subsidiaries Eliminations Total
ASSETS
Current assets:
Cash and cash equivalents ....... $130,779 $100,769 $14,567 $ — $ 246,115
Beneficial interest in securitized
receivables ................. — 50,000 — — 50,000
Other accounts receivable, net .... 279 12,444 1,193 — 13,916
Inventories................... — 368,978 — — 368,978
Income tax receivable .......... — 17,927 84 — 18,011
Assets of discontinued operations . . — — 32,359 — 32,359
Prepaid expenses and other current
assets..................... — 45,547 (3) — 45,544
Total current assets........... 131,058 595,665 48,200 — 774,923
Properties, net .................. — 292,027 6,895 — 298,922
Investment in subsidiaries ......... 475,698 25,074 — (500,772) —
Other noncurrent assets ........... 9,588 86,349 79 — 96,016
$ 616,344 $999,115 $55,174 $(500,772) $1,169,861
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable ............. $ 201 $103,700 $ 2,015 $ — $ 105,916
Intercompany payable
(receivable) ................ (142,171) 125,165 17,006 — —
Gift cards and other deferred
revenue ................... — 63,835 — — 63,835
Accrued income taxes payable
(receivable) ................ — 10,563 (5,800) — 4,763
Liabilities related to discontinued
operations ................. — — 16,841 — 16,841
Other accrued liabilities ......... 885 96,570 38 — 97,493
Total current liabilities ........ (141,085) 399,833 30,100 — 288,848
Long-term debt ................. 165,000 19,000 — — 184,000
Other noncurrent liabilities ........ 2,447 104,584 — — 107,031
Shareholders’ equity ............. 589,982 475,698 25,074 (500,772) 589,982
$ 616,344 $999,115 $55,174 $(500,772) $1,169,861
59
Pier 1 Imports, Inc.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued)