Restoration Hardware 2015 Annual Report Download - page 65

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Item 8. Financial Statements and Supplementary Data
RESTORATION HARDWARE HOLDINGS, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share amounts)
January 30, January 31,
2016 2015
ASSETS
Current assets:
Cash and cash equivalents ............................................................................................... $349,897 $148,934
Short-term investments .................................................................................................... 130,801 62,168
Accounts receivable—net ................................................................................................ 28,567 25,965
Merchandise inventories .................................................................................................. 725,392 559,297
Prepaid expense and other current assets ......................................................................... 79,020 87,976
Total current assets ..................................................................................................... 1,313,677 884,340
Long-term investments .................................................................................................... 22,054 18,338
Property and equipment—net .......................................................................................... 515,605 390,844
Goodwill .......................................................................................................................... 124,301 124,424
Trademarks and domain names ....................................................................................... 48,309 47,863
Other intangible assets—net ............................................................................................ 227 691
Non-current deferred tax assets ....................................................................................... 36,739 36,593
Other non-current assets .................................................................................................. 27,560 22,906
Total assets ................................................................................................................. $2,088,472 $1,525,999
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses ......................................................................... $280,714 $235,159
Deferred revenue and customer deposits ......................................................................... 106,769 73,550
Other current liabilities .................................................................................................... 65,072 35,587
Total current liabilities ............................................................................................... 452,555 344,296
Convertible senior notes due 2019—net .......................................................................... 298,267 284,388
Convertible senior notes due 2020—net .......................................................................... 221,534 —
Financing obligations under build-to-suit lease transactions ........................................... 146,621 124,770
Deferred rent and lease incentives ................................................................................... 53,986 40,552
Non-current deferred tax liabilities .................................................................................. — 133
Other non-current obligations .......................................................................................... 29,349 28,944
Total liabilities ........................................................................................................... 1,202,312 823,083
Commitments and contingencies (Note 18) .......................................................................... — —
Stockholders’ equity:
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized, no shares
issued or outstanding as of January 30, 2016 and January 31, 2015 ........................... — —
Common stock, $0.0001 par value per share, 180,000,000 shares authorized,
40,878,163 shares issued and 40,583,275 shares outstanding as of January 30,
2016; 40,184,803 shares issued and 39,892,540 shares outstanding as of
January 31, 2015 ......................................................................................................... 4 4
Additional paid-in capital ................................................................................................ 763,566 668,989
Accumulated other comprehensive loss .......................................................................... (2,700 ) (502)
Retained earnings ............................................................................................................ 144,813 53,710
Treasury stock—at cost, 294,888 shares as of January 30, 2016 and 292,263 shares as
of January 31, 2015 ..................................................................................................... (19,523 ) (19,285)
Total stockholders’ equity .......................................................................................... 886,160 702,916
Total liabilities and stockholders’ equity ................................................................... $2,088,472 $1,525,999
The accompanying notes are an integral part of these Consolidated Financial Statements.