Pottery Barn 2011 Annual Report Download - page 56

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Williams-Sonoma, Inc.
Consolidated Balance Sheets
Dollars and shares in thousands, except per share amounts Jan. 29, 2012 Jan. 30, 2011
ASSETS
Current assets
Cash and cash equivalents $ 502,757 $ 628,403
Restricted cash 14,732 12,512
Accounts receivable, net 45,961 41,565
Merchandise inventories, net 553,461 513,381
Prepaid catalog expenses 34,294 36,825
Prepaid expenses 24,188 21,120
Deferred income taxes, net 91,744 85,612
Other assets 9,229 8,176
Total current assets 1,276,366 1,347,594
Property and equipment, net 734,672 730,556
Non-current deferred income taxes, net 12,382 32,646
Other assets, net 37,418 20,966
Total assets $2,060,838 $2,131,762
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities
Accounts payable $ 218,329 $ 227,963
Accrued salaries, benefits and other 111,774 122,440
Customer deposits 190,417 192,450
Income taxes payable 22,435 41,997
Current portion of long-term debt 1,795 1,542
Other liabilities 27,049 25,324
Total current liabilities 571,799 611,716
Deferred rent and lease incentives 181,762 202,135
Long-term debt 5,478 7,130
Other long-term obligations 46,537 51,918
Total liabilities 805,576 872,899
Commitments and contingencies – See Note J
Stockholders’ equity
Preferred stock, $.01 par value, 7,500 shares authorized, none issued 0 0
Common stock, $.01 par value, 253,125 shares authorized,
100,451 shares issued and outstanding at January 29, 2012;
104,888 shares issued and outstanding at January 30, 2011 1,005 1,049
Additional paid-in capital 478,720 466,885
Retained earnings 762,947 777,939
Accumulated other comprehensive income 12,590 12,990
Total stockholders’ equity 1,255,262 1,258,863
Total liabilities and stockholders’ equity $2,060,838 $2,131,762
See Notes to Consolidated Financial Statements.
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