Saks Fifth Avenue 2009 Annual Report Download - page 99

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Table of Contents
SAKS INCORPORATED & SUBSIDIARIES
CONDENSED CONSOLIDATING BALANCE SHEETS
AS OF JANUARY 31, 2009
(In Thousands)
SAKS
INCORPORATED
(Revised)
GUARANTOR
SUBSIDIARIES
(Revised)
ELIMINATIONS
(Revised)
CONSOLIDATED
(Revised)
ASSETS
CURRENT ASSETS
Cash and cash equivalents $ 236 $ 10,037 $ 10,273
Merchandise inventories 728,841 728,841
Other current assets 105,350 105,350
Deferred income taxes, net 29,916 29,916
TOTAL CURRENT ASSETS 236 874,144 — 874,380
PROPERTY AND EQUIPMENT, NET 1,058,393 1,058,393
DEFERRED INCOME TAXES, NET 55,227 139,729 194,956
OTHER ASSETS 3,614 16,334 19,948
INVESTMENT IN AND ADVANCES TO
SUBSIDIARIES 1,476,437 $ (1,476,437)
$ 1,535,514 $ 2,088,600 $ (1,476,437) $ 2,147,677
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable $ 90,208 $ 90,208
Accrued expenses and other current liabilities $ 8,235 267,312 275,547
Current portion of long-term debt 4,673 4,673
TOTAL CURRENT LIABILITIES 8,235 362,193 — 370,428
LONG-TERM DEBT 536,693 56,410 593,103
OTHER LONG-TERM LIABILITIES 193,560 193,560
INVESTMENT BY AND ADVANCES FROM
PARENT 1,476,437 $ (1,476,437)
SHAREHOLDERS’ EQUITY 990,586 990,586
TOTAL LIABILITIES AND SHAREHOLDERS’
EQUITY $ 1,535,514 $ 2,088,600 $ (1,476,437) $ 2,147,677
F-43
Source: SAKS INC, 10-K, March 18, 2010 Powered by Morningstar® Document Research℠