The Gap 2010 Annual Report Download - page 43
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THE GAP, INC.
CONSOLIDATED BALANCE SHEETS
($ and shares in millions except par value) January 29,
2011 January 30,
2010
ASSETS
Current assets:
Cashandcashequivalents ....................................................... $ 1,561 $ 2,348
Short-terminvestments ......................................................... 100 225
Merchandise inventory .......................................................... 1,620 1,477
Other current assets ............................................................. 645 614
Total current assets ......................................................... 3,926 4,664
Propertyandequipment,net ......................................................... 2,563 2,628
Otherlong-termassets .............................................................. 576 693
Totalassets ................................................................ $ 7,065 $ 7,985
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ............................................................... $ 1,049 $ 1,027
Accrued expenses and other current liabilities ..................................... 996 1,063
Income taxes payable ........................................................... 50 41
Total current liabilities ...................................................... 2,095 2,131
Lease incentives and other long-term liabilities ......................................... 890 963
Commitments and contingencies (see Notes 9 and 13)
Stockholders’ equity:
Common stock $0.05 par value
Authorized 2,300 shares; Issued 1,106 shares for all periods presented;
Outstanding 588 and 676 shares ........................................... 55 55
Additionalpaid-incapital ........................................................ 2,939 2,935
Retained earnings ............................................................... 11,767 10,815
Accumulated other comprehensive income ........................................ 185 155
Treasury stock, at cost (518 and 430 shares) ........................................ (10,866) (9,069)
Totalstockholders’equity ................................................... 4,080 4,891
Total liabilities and stockholders’ equity ....................................... $ 7,065 $ 7,985
See Accompanying Notes to Consolidated Financial Statements
36 Gap Inc. Form 10-K