Pottery Barn 2006 Annual Report Download - page 53

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Williams-Sonoma, Inc.
Consolidated Balance Sheets
Dollars and shares in thousands, except per share amounts Jan. 28, 2007 Jan. 29, 2006
ASSETS
Current assets
Cash and cash equivalents $ 275,429 $ 360,982
Accounts receivable (less allowance for doubtful accounts of $168 and $168) 48,821 51,020
Merchandise inventories – net 610,599 520,292
Prepaid catalog expenses 59,610 53,925
Prepaid expenses 28,570 31,847
Deferred income taxes 70,837 57,267
Other assets 7,097 7,831
Total current assets 1,100,963 1,083,164
Property and equipment – net 912,582 880,305
Non-current deferred income taxes 18,670 —
Other assets (less accumulated amortization of $632 and $679) 16,116 18,151
Total assets $2,048,331 $1,981,620
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable $ 214,771 $ 196,074
Accrued salaries, benefits and other 85,148 93,434
Customer deposits 187,625 172,775
Income taxes payable 101,638 83,589
Current portion of long-term debt 15,853 18,864
Other liabilities 22,699 25,656
Total current liabilities 627,734 590,392
Deferred rent and lease incentives 236,604 218,254
Long-term debt 12,822 14,490
Deferred income tax liabilities — 18,455
Other long-term obligations 19,740 14,711
Total liabilities 896,900 856,302
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,
109,868 shares issued and outstanding at January 28, 2007;
114,779 shares issued and outstanding at January 29, 2006 1,099 1,148
Additional paid-in capital 358,223 325,146
Retained earnings 784,325 791,329
Accumulated other comprehensive income 7,784 7,695
Total shareholders’ equity 1,151,431 1,125,318
Total liabilities and shareholders’ equity $2,048,331 $1,981,620
See Notes to Consolidated Financial Statements.
41
Form 10-K