Saks Fifth Avenue 2010 Annual Report Download - page 90
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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
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