Pottery Barn 2010 Annual Report Download - page 56

Williams-Sonoma, Inc.
Consolidated Balance Sheets
Dollars and shares in thousands, except per share amounts Jan. 30, 2011 Jan. 31, 2010
ASSETS
Current assets
Cash and cash equivalents $ 628,403 $ 513,943
Restricted cash 12,512 0
Accounts receivable, net 41,565 44,187
Merchandise inventories, net 513,381 466,124
Prepaid catalog expenses 36,825 32,777
Prepaid expenses 21,120 22,109
Deferred income taxes 85,612 92,195
Other assets 8,176 8,858
Total current assets 1,347,594 1,180,193
Property and equipment, net 730,556 829,027
Non-current deferred income taxes 32,646 53,809
Other assets, net 20,966 16,140
Total assets $2,131,762 $2,079,169
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable $ 227,963 $ 188,241
Accrued salaries, benefits and other 122,440 107,710
Customer deposits 192,450 195,185
Income taxes payable 41,997 48,260
Current portion of long-term debt 1,542 1,587
Other liabilities 25,324 22,499
Total current liabilities 611,716 563,482
Deferred rent and lease incentives 202,135 241,300
Long-term debt 7,130 8,672
Other long-term obligations 51,918 54,120
Total liabilities 872,899 867,574
Commitments and contingencies – See Note J
Shareholders’ equity
Preferred stock, $.01 par value, 7,500 shares authorized, none issued 0 0
Common stock, $.01 par value, 253,125 shares authorized,
104,888 shares issued and outstanding at January 30, 2011;
106,962 shares issued and outstanding at January 31, 2010 1,049 1,070
Additional paid-in capital 466,885 448,848
Retained earnings 777,939 751,290
Accumulated other comprehensive income 12,990 10,387
Total shareholders’ equity 1,258,863 1,211,595
Total liabilities and shareholders’ equity $2,131,762 $2,079,169
See Notes to Consolidated Financial Statements.
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