Saks Fifth Avenue 2009 Annual Report Download - page 60
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Table of Contents
SAKS INCORPORATED & SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In Thousands, except per share amounts)
January 30,
2010
January 31,
2009
(Revised)
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 147,301 $ 10,273
Merchandise inventories 649,196 728,841
Other current assets 93,479 105,350
Deferred income taxes, net 35,974 29,916
TOTAL CURRENT ASSETS 925,950 874,380
PROPERTY AND EQUIPMENT, NET OF DEPRECIATION 956,082 1,058,393
DEFERRED INCOME TAXES, NET 221,354 194,956
OTHER ASSETS 32,315 19,948
TOTAL ASSETS $ 2,135,701 $ 2,147,677
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable $ 101,739 $ 90,208
Accrued expenses 200,020 233,504
Accrued compensation and related items 50,165 42,043
Current portion of long-term debt 27,857 4,673
TOTAL CURRENT LIABILITIES 379,781 370,428
LONG-TERM DEBT 493,330 593,103
OTHER LONG-TERM LIABILITIES 190,980 193,560
COMMITMENTS AND CONTINGENCIES — —
SHAREHOLDERS’ EQUITY
Preferred stock — $1.00 par value; Authorized — 10,000 shares; Issued and outstanding — none — —
Common stock — $0.10 par value; Authorized — 500,000 shares; Issued and outstanding — 159,786 shares and
142,170 shares 15,979 14,218
Additional paid-in capital 1,277,773 1,148,227
Accumulated other comprehensive loss (48,800) (56,436)
Accumulated deficit (173,342) (115,423)
TOTAL SHAREHOLDERS’ EQUITY 1,071,610 990,586
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 2,135,701 $ 2,147,677
The accompanying notes are an integral part of these consolidated financial statements.
F-4
Source: SAKS INC, 10-K, March 18, 2010 Powered by Morningstar® Document Research℠