Ulta 2010 Annual Report Download - page 52

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Ulta Salon, Cosmetics & Fragrance, Inc.
Balance Sheets
(In thousands, except per share data)
January 29,
2011
January 30,
2010
Assets
Current assets:
Cash and cash equivalents .......................................... $111,185 $ 4,017
Receivables, net.................................................. 22,292 13,477
Merchandise inventories, net ........................................ 218,516 206,948
Prepaid expenses and other current assets ............................... 32,790 30,272
Prepaid income taxes .............................................. 10,684 —
Deferred income taxes ............................................. 8,922 8,060
Total current assets ................................................. 404,389 262,774
Property and equipment, net .......................................... 326,099 290,861
Total assets ....................................................... $730,488 $553,635
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable ................................................ $ 87,093 $ 56,387
Accrued liabilities ................................................ 76,264 59,189
Accrued income taxes ............................................. — 10,781
Total current liabilities ............................................... 163,357 126,357
Deferred rent...................................................... 134,572 113,718
Deferred income taxes ............................................... 30,026 20,952
Total liabilities .................................................... 327,955 261,027
Commitments and contingencies (note 4)
Stockholders’ equity:
Common stock, $.01 par value, 400,000 shares authorized; 60,707 and
58,674 shares issued; 60,202 and 58,169 shares outstanding; at January 29,
2011, and January 30, 2010, respectively ............................. 606 586
Treasury stock-common, at cost ...................................... (4,179) (4,179)
Additional paid-in capital ........................................... 339,576 300,701
Retained earnings / (accumulated deficit) ............................... 66,530 (4,500)
Total stockholders’ equity ............................................ 402,533 292,608
Total liabilities and stockholders’ equity.................................. $730,488 $553,635
See accompanying notes to financial statements.
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