Pottery Barn 2009 Annual Report Download - page 54

Williams-Sonoma, Inc.
Consolidated Balance Sheets
Dollars and shares in thousands, except per share amounts Jan. 31, 2010 Feb. 1, 2009
ASSETS
Current assets
Cash and cash equivalents $ 513,943 $ 148,822
Accounts receivable – net 44,187 37,405
Merchandise inventories – net 466,124 572,899
Prepaid catalog expenses 32,777 36,424
Prepaid expenses 22,109 45,354
Deferred income taxes 92,195 90,349
Other assets 8,858 9,420
Total current assets 1,180,193 940,673
Property and equipment – net 829,027 942,219
Non-current deferred income taxes 53,809 36,555
Other assets – net 16,140 16,017
Total assets $2,079,169 $1,935,464
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable $ 188,241 $ 162,362
Accrued salaries, benefits and other 107,710 75,732
Customer deposits 195,185 192,209
Income taxes payable 48,260 112
Current portion of long-term debt 1,587 14,702
Other liabilities 22,499 15,620
Total current liabilities 563,482 460,737
Deferred rent and lease incentives 241,300 264,672
Long-term debt 8,672 10,259
Other long-term obligations 54,120 51,812
Total liabilities 867,574 787,480
Commitments and contingencies – See Note K
Shareholders’ equity
Preferred stock, $.01 par value, 7,500 shares authorized, none issued — —
Common stock, $.01 par value, 253,125 shares authorized,
106,962 shares issued and outstanding at January 31, 2010;
105,664 shares issued and outstanding at February 1, 2009 1,070 1,057
Additional paid-in capital 448,848 416,366
Retained earnings 751,290 725,052
Accumulated other comprehensive income 10,387 5,509
Total shareholders’ equity 1,211,595 1,147,984
Total liabilities and shareholders’ equity $2,079,169 $1,935,464
See Notes to Consolidated Financial Statements.
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