Pottery Barn 2004 Annual Report Download - page 45

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Williams-Sonoma, Inc.
Consolidated Balance Sheets
Dollars and shares in thousands, except per share amounts Jan. 30, 2005 Feb. 1, 2004
ASSETS
Current assets
Cash and cash equivalents $ 239,210 $ 163,910
Accounts receivable (less allowance for doubtful accounts of $217 and $207)
Merchandise inventories – net
42,520
452,421
31,573
404,100
Prepaid catalog expenses 53,520 38,465
Prepaid expenses 38,018 24,780
Deferred income taxes 39,015 20,532
Other assets 9,061 4,529
Total current assets 873,765 687,889
Property and equipment – net 852,412 765,030
Other assets (less accumulated amortization of $2,066 and $1,682) 19,368 17,816
Total assets $1,745,545 $1,470,735
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable $ 173,781 $ 155,888
Accrued salaries, benefits and other 86,767 78,674
Customer deposits 148,535 116,173
Income taxes payable 72,052 64,525
Current portion of long-term debt 23,435 8,988
Other liabilities 17,587 18,636
Total current liabilities 522,157 442,884
Deferred rent and lease incentives 212,193 176,015
Long-term debt 19,154 28,389
Deferred income tax liabilities 21,057 8,887
Other long-term obligations 13,322 9,969
Total liabilities 787,883 666,144
Commitments and contingencies – See Note L
Shareholders’ equity
Preferred stock, $.01 par value, 7,500 shares authorized, none issued — —
Common stock, $.01 par value, 253,125 shares authorized, 115,372 shares
issued and outstanding at January 30, 2005; 115,827 shares issued and
outstanding at February 1, 2004 1,154 1,158
Additional paid-in capital 286,720 252,325
Retained earnings 664,619 547,821
Accumulated other comprehensive income 5,169 3,287
Total shareholders’ equity 957,662 804,591
Total liabilities and shareholders’ equity $1,745,545 $1,470,735
See Notes to Consolidated Financial Statements.
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