Saks Fifth Avenue 2011 Annual Report Download - page 81

Download and view the complete annual report

Please find page 81 of the 2011 Saks Fifth Avenue annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 91

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91

SAKS INCORPORATED & SUBSIDIARIES
CONDENSED CONSOLIDATING BALANCE SHEETS
AS OF JANUARY 28, 2012
Saks
Incorporated
Guarantor
Subsidiaries Eliminations Consolidated
ASSETS
Current assets
Cash and cash equivalents ................ $ 195,449 $ 4,727 $ 200,176
Merchandise inventories ................. 721,887 721,887
Other current assets .................... 78,139 78,139
Deferred income taxes, net ............... 85,472 85,472
Total current assets ................... 195,449 890,225 — 1,085,674
Property and equipment, net ............... 875,431 875,431
Deferred income taxes, net ................. 104,343 36,112 140,455
Other assets ............................. 12,171 14,734 26,905
Investment in and advances to subsidiaries .... 1,221,270 $ (1,221,270)
TOTAL ASSETS ........................... $ 1,533,233 $ 1,816,502 $ (1,221,270) $ 2,128,465
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Trade accounts payable .................. $ 115,893 $ 115,893
Accrued expenses and other current
liabilities ............................ $ 3,935 269,412 273,347
Current portion of long-term debt ......... 7,472 7,472
Total current liabilities ................. 3,935 392,777 — 396,712
Long-term debt .......................... 322,514 45,448 367,962
Other long-term liabilities .................. 157,007 157,007
Investment by and advances from parent ...... 1,221,270 $ (1,221,270)
Shareholders’ equity ...................... 1,206,784 1,206,784
TOTAL LIABILITIES AND SHAREHOLDERS’
EQUITY ............................... $ 1,533,233 $ 1,816,502 $ (1,221,270) $ 2,128,465
F-36