Saks Fifth Avenue 2010 Annual Report Download - page 54
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SAKS INCORPORATED & SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In Thousands, except per share amounts)
January 29,
2011
January 30,
2010
ASSETS
CURRENT ASSETS
Cash and cash equivalents ............................................ $ 197,866 $ 147,301
Merchandise inventories ............................................. 671,383 649,196
Other current assets ................................................. 105,404 93,479
Deferred income taxes, net ........................................... 86,116 35,974
TOTAL CURRENT ASSETS ................................... 1,060,769 925,950
PROPERTY AND EQUIPMENT, NET OF DEPRECIATION ................ 890,364 956,082
DEFERRED INCOME TAXES, NET ..................................... 163,408 221,354
OTHER ASSETS ...................................................... 28,559 32,315
TOTAL ASSETS .............................................. $2,143,100 $2,135,701
LIABILITIES AND SHAREHOLDERS' EQUITY
CURRENT LIABILITIES
Accounts payable .................................................. $ 88,378 $ 101,739
Accrued expenses .................................................. 191,002 199,406
Accrued compensation and related items ................................ 55,029 50,779
Current portion of long-term debt ...................................... 147,498 27,857
TOTAL CURRENT LIABILITIES ............................... 481,907 379,781
LONG-TERM DEBT .................................................. 359,250 493,330
OTHER LONG-TERM LIABILITIES .................................... 138,378 190,980
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—162,899 shares and 159,786 shares ....................... 16,290 15,979
Additional paid-in capital ............................................ 1,318,862 1,277,773
Accumulated other comprehensive loss ................................. (46,091) (48,800)
Accumulated deficit ................................................ (125,496) (173,342)
TOTAL SHAREHOLDERS' EQUITY ............................ 1,163,565 1,071,610
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY .......... $2,143,100 $2,135,701
The accompanying notes are an integral part of these consolidated financial statements.
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