Ross 2007 Annual Report Download - page 43

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41
Consolidated Balance Sheets
($000, except share data) February 2, 2008 February 3, 2007
Assets
Current Assets
Cash and cash equivalents $ 257,580 $ 3 67, 388
Short-term investments 6,098 5,247
Accounts receivable 37,46 8 30,105
Merchandise inventory 1,025,295 1,051,729
Prepaid expenses and other 51,921 44,245
Deferred income taxes 19,639 16,242
Total current assets 1,398,001 1,514,956
Property and Equipment
Land and buildings 140,725 134,804
Fixtures and equipment 941,795 859,750
Leasehold improvements 482,904 402,921
Construction-in-progress 88,900 22,681
1,654,324 1,420,156
Less accumulated depreciation and amortization 786,009 671,923
Property and equipment, net 868,315 748,233
Long-term investments 40,766 31,136
Other long-term assets 64,240 64,266
Total assets $ 2,371,322 $ 2,358,591
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable $ 637,158 $ 698,063
Accrued expenses and other 217,923 206,516
Accrued payroll and benefits 133,706 145,101
Income taxes payable 21,818 33,577
Total current liabilities 1,010,605 1,083,257
Long-term debt 150,000 150,000
Other long-term liabilities 161,169 129,303
Deferred income taxes 78,899 86,201
Commitments and contingencies
Stockholders’ Equity
Common stock, par value $.01 per share
Authorized 600,000,000 shares
Issued and outstanding 134,096,000 and 139,356,000 shares, respectively 1,341 1,402
Additional paid-in capital 57 7,787 545,702
Treasury stock (25,910) (22,031)
Accumulated other comprehensive income (loss) 1,340 (163)
Retained earnings 416,091 384,920
Total stockholders’ equity 970,649 909,830
Total liabilities and stockholders’ equity $ 2,371,322 $ 2,358,591
The accompanying notes are an integral part of these consolidated financial statements.