Sears 2013 Annual Report Download - page 114

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SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
114
Condensed Consolidating Balance Sheet
February 1, 2014
millions Parent Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Current assets
Cash and cash equivalents . . . . . . . . . $ — $ 537 $ 491 $ — $ 1,028
Intercompany receivables. . . . . . . . . . — — 25,884 (25,884) —
Accounts receivable . . . . . . . . . . . . . . — 425 128 — 553
Merchandise inventories. . . . . . . . . . . — 6,356 678 — 7,034
Prepaid expenses and other current
assets . . . . . . . . . . . . . . . . . . . . . . . . 44 873 375 (948) 344
Total current assets . . . . . . . . . . . . . . . 44 8,191 27,556 (26,832) 8,959
Total property and equipment, net. . . . . . . — 3,906 1,488 — 5,394
Goodwill and intangible assets . . . . . . . . . — 944 2,285 — 3,229
Other assets . . . . . . . . . . . . . . . . . . . . . . . . 13 240 2,603 (2,177) 679
Investment in subsidiaries . . . . . . . . . . . . . 14,743 25,303 — (40,046) —
TOTAL ASSETS. . . . . . . . . . . . . $ 14,800 $ 38,584 $ 33,932 $ (69,055) $ 18,261
Current liabilities
Short-term borrowings . . . . . . . . . . . . $ — $ 1,332 $ — $ — $ 1,332
Current portion of long-term debt and
capitalized lease obligations . . . . . . — 70 13 — 83
Merchandise payables. . . . . . . . . . . . . — 2,213 283 — 2,496
Intercompany payables. . . . . . . . . . . . 12,103 13,781 — (25,884) —
Short-term deferred tax liabilities. . . . 2 408 — (23) 387
Other current liabilities. . . . . . . . . . . . 26 2,412 2,374 (925) 3,887
Total current liabilities . . . . . . . . . . . . 12,131 20,216 2,670 (26,832) 8,185
Long-term debt and capitalized lease
obligations . . . . . . . . . . . . . . . . . . . . . . . 1,238 3,781 76 (2,261) 2,834
Pension and postretirement benefits . . . . . — 1,681 261 — 1,942
Long-term deferred tax liabilities . . . . . . . — 128 955 26 1,109
Other long-term liabilities . . . . . . . . . . . . . — 805 1,453 (250) 2,008
Total Liabilities. . . . . . . . . . . . . . . . . . 13,369 26,611 5,415 (29,317) 16,078
EQUITY
Shareholder’s equity . . . . . . . . . . . . . . . . . 1,431 11,973 28,517 (40,182) 1,739
Noncontrolling interest . . . . . . . . . . . . . . . — — — 444 444
Total Equity . . . . . . . . . . . . . . . . . . . . 1,431 11,973 28,517 (39,738) 2,183
TOTAL LIABILITIES AND
EQUITY . . . . . . . . . . . . . . . . . . . . . $ 14,800 $ 38,584 $ 33,932 $ (69,055) $ 18,261