Pottery Barn 2005 Annual Report Download - page 51

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Williams-Sonoma, Inc.
Consolidated Balance Sheets
Dollars and shares in thousands, except per share amounts Jan. 29, 2006 Jan. 30, 2005
ASSETS
Current assets
Cash and cash equivalents $ 360,982 $ 239,210
Accounts receivable (less allowance for doubtful accounts of $168 and $217) 51,020 42,520
Merchandise inventories – net 520,292 452,421
Prepaid catalog expenses 53,925 53,520
Prepaid expenses 31,847 38,018
Deferred income taxes 57,267 39,015
Other assets 7,831 9,061
Total current assets 1,083,164 873,765
Property and equipment – net 880,305 852,412
Other assets (less accumulated amortization of $679 and $2,066) 18,151 19,368
Total assets $1,981,620 $1,745,545
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable $ 196,074 $ 173,781
Accrued salaries, benefits and other 93,434 86,767
Customer deposits 172,775 148,535
Income taxes payable 83,589 72,052
Current portion of long-term debt 18,864 23,435
Other liabilities 25,656 17,587
Total current liabilities 590,392 522,157
Deferred rent and lease incentives 218,254 212,193
Long-term debt 14,490 19,154
Deferred income tax liabilities 18,455 21,057
Other long-term obligations 14,711 13,322
Total liabilities 856,302 787,883
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,
114,779 shares issued and outstanding at January 29, 2006;
115,372 shares issued and outstanding at January 30, 2005 1,148 1,154
Additional paid-in capital 325,146 286,720
Retained earnings 791,329 664,619
Accumulated other comprehensive income 7,695 5,169
Total shareholders’ equity 1,125,318 957,662
Total liabilities and shareholders’ equity $1,981,620 $1,745,545
See Notes to Consolidated Financial Statements.
39
Form 10-K