Ulta 2012 Annual Report Download - page 49

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Ulta Salon, Cosmetics & Fragrance, Inc.
Balance Sheets
February 2, January 28,
(In thousands, except per share data) 2013 2012
Assets
Current assets:
Cash and cash equivalents ............................................... $ 320,475 $253,738
Receivables, net ...................................................... 41,515 26,153
Merchandise inventories, net ............................................ 361,125 244,647
Prepaid expenses and other current assets .................................. 50,452 43,430
Deferred income taxes ................................................. 15,757 12,264
Total current assets ...................................................... 789,324 580,232
Property and equipment, net ............................................... 483,059 376,985
Deferred compensation plan assets .......................................... 2,866 —
Total assets ............................................................ $1,275,249 $957,217
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable ..................................................... $ 118,886 $ 86,442
Accrued liabilities ..................................................... 92,127 74,411
Accrued income taxes .................................................. 10,054 4,002
Total current liabilities ................................................... 221,067 164,855
Deferred rent ........................................................... 208,003 163,463
Deferred income taxes ................................................... 56,361 44,195
Other long-term liabilities ................................................. 2,876 —
Total liabilities ......................................................... 488,307 372,513
Commitments and contingencies (note 4)
Stockholders’ equity:
Common stock, $.01 par value, 400,000 shares authorized; 64,565 and 62,764 shares
issued; 64,009 and 62,209 shares outstanding; at February 2, 2013, and
January 28, 2012, respectively ......................................... 645 627
Treasury stock-common, at cost .......................................... (7,494) (7,415)
Additional paid-in capital ............................................... 496,930 404,698
Retained earnings ..................................................... 296,861 186,794
Total stockholders’ equity ................................................. 786,942 584,704
Total liabilities and stockholders’ equity ..................................... $1,275,249 $957,217
See accompanying notes to financial statements.
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