Sears 2015 Annual Report Download - page 110

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Condensed Consolidating Balance Sheet
January€31, 2015
€
millions Parent
Guarantor
Subsidiaries
Non-
Guarantor
Subsidiaries Eliminations Consolidated
Current assets
Cash and cash equivalents . . . . . . . . . . $ — $ 219 $ 31 $ — $ 250
Intercompany receivables . . . . . . . . . . . — — 26,291 (26,291) —
Accounts receivable . . . . . . . . . . . . . . . — 390 39 — 429
Merchandise inventories. . . . . . . . . . . . — 4,943 — — 4,943
Prepaid expenses and other current
assets . . . . . . . . . . . . . . . . . . . . . . . . . 38 797 266 (860)241
Total current assets . . . . . . . . . . . . . . . . 38 6,349 26,627 (27,151) 5,863
Total property and equipment, net . . . . . . . . — 3,524 925 — 4,449
Goodwill and intangible assets . . . . . . . . . . — 277 2,089 — 2,366
Other assets . . . . . . . . . . . . . . . . . . . . . . . . . — 236 2,765 (2,494) 507
Investment in subsidiaries . . . . . . . . . . . . . . 11,700 25,350 — (37,050) —
TOTAL ASSETS . . . . . . . . . . . . . . $ 11,738 $ 35,736 $ 32,406 $ (66,695) $ 13,185
Current liabilities
Short-term borrowings . . . . . . . . . . . . . $ — $ 614 $ — $ — $ 614
Current portion of long-term debt and
capitalized lease obligations . . . . . . . — 72 3 — 75
Merchandise payables. . . . . . . . . . . . . . — 1,621 — — 1,621
Intercompany payables . . . . . . . . . . . . . 11,103 15,188 — (26,291) —
Short-term deferred tax liabilities. . . . . —————
Other current liabilities . . . . . . . . . . . . . 34 2,395 1,716 (860) 3,285
Total current liabilities . . . . . . . . . . . . . 11,137 19,890 1,719 (27,151) 5,595
Long-term debt and capitalized lease
obligations . . . . . . . . . . . . . . . . . . . . . . . . 1,577 3,726 40 (2,256)3,087
Pension and postretirement benefits . . . . . . — 2,400 4 — 2,404
Long-term deferred tax liabilities . . . . . . . . 59 238 974 (76) 1,195
Other long-term liabilities . . . . . . . . . . . . . . — 889 1,205 (245) 1,849
Total Liabilities. . . . . . . . . . . . . . . . . . . 12,773 27,143 3,942 (29,728) 14,130
EQUITY (DEFICIT)
Shareholder's equity (deficit) . . . . . . . . . . . . (1,035) 8,593 28,463 (36,972) (951)
Noncontrolling interest . . . . . . . . . . . . . . . . — — — 6 6
Total Equity (Deficit) . . . . . . . . . . . . . . (1,035) 8,593 28,463 (36,966) (945)
TOTAL LIABILITIES AND EQUITY
(DEFICIT). . . . . . . . . . . . . . . . . . . . . $11,738 $35,736 $32,405 $(66,694) $ 13,185
€
SEARS HOLDINGS CORPORATION
Notes to Consolidated Financial Statements—(Continued)
110