Ulta 2011 Annual Report Download - page 50

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Ulta Salon, Cosmetics & Fragrance, Inc.
Balance Sheets
January 28, January 29,
(In thousands, except per share data) 2012 2011
Assets
Current assets:
Cash and cash equivalents ............................................... $253,738 $111,185
Receivables, net ....................................................... 26,153 22,292
Merchandise inventories, net ............................................. 244,647 218,516
Prepaid expenses and other current assets ................................... 43,430 32,790
Prepaid income taxes ................................................... — 10,684
Deferred income taxes .................................................. 12,264 8,922
Total current assets ....................................................... 580,232 404,389
Property and equipment, net ................................................ 376,985 326,099
Total assets ............................................................. $957,217 $730,488
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable ...................................................... $ 86,442 $ 87,093
Accrued liabilities ...................................................... 74,411 76,264
Accrued income taxes ................................................... 4,002 —
Total current liabilities .................................................... 164,855 163,357
Deferred rent ............................................................ 163,463 134,572
Deferred income taxes .................................................... 44,195 30,026
Total liabilities .......................................................... 372,513 327,955
Commitments and contingencies (note 4)
Stockholders’ equity:
Common stock, $.01 par value, 400,000 shares authorized; 62,764 and 60,707 shares
issued; 62,209 and 60,202 shares outstanding; at January 28, 2012, and January 29,
2011, respectively .................................................... 627 606
Treasury stock-common, at cost ........................................... (7,415) (4,179)
Additional paid-in capital ................................................ 404,698 339,576
Retained earnings ...................................................... 186,794 66,530
Total stockholders’ equity ................................................. 584,704 402,533
Total liabilities and stockholders’ equity ...................................... $957,217 $730,488
See accompanying notes to financial statements.
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