Saks Fifth Avenue 2009 Annual Report Download - page 96

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Table of Contents
SAKS INCORPORATED & SUBSIDIARIES
CONDENSED CONSOLIDATING BALANCE SHEETS
AS OF JANUARY 30, 2010
(In Thousands)
SAKS
INCORPORATED
GUARANTOR
SUBSIDIARIES ELIMINATIONS CONSOLIDATED
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 136,347 $ 10,954 $ 147,301
Merchandise inventories 649,196 649,196
Other current assets 93,479 93,479
Deferred income taxes, net 35,974 35,974
TOTAL CURRENT ASSETS 136,347 789,603 — 925,950
PROPERTY AND EQUIPMENT, NET 956,082 956,082
DEFERRED INCOME TAXES, NET 71,274 150,080 221,354
OTHER ASSETS 13,887 18,428 32,315
INVESTMENT IN AND ADVANCES TO
SUBSIDIARIES 1,324,256 $ (1,324,256)
$ 1,545,764 $ 1,914,193 $ (1,324,256) $ 2,135,701
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable $ 101,739 $ 101,739
Accrued expenses and other current liabilities $ 9,377 240,808 250,185
Current portion of long-term debt 22,859 4,998 27,857
TOTAL CURRENT LIABILITIES 32,236 347,545 — 379,781
LONG-TERM DEBT 441,918 51,412 493,330
OTHER LONG-TERM LIABILITIES 190,980 190,980
INVESTMENT BY AND ADVANCES FROM
PARENT 1,324,256 $ (1,324,256)
SHAREHOLDERS’ EQUITY 1,071,610 1,071,610
TOTAL LIABILITIES AND
SHAREHOLDERS’ EQUITY $ 1,545,764 $ 1,914,193 $ (1,324,256) $ 2,135,701
F-40
Source: SAKS INC, 10-K, March 18, 2010 Powered by Morningstar® Document Research℠