Ulta 2013 Annual Report Download - page 53

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Ulta Salon, Cosmetics & Fragrance, Inc.
Consolidated Balance Sheets
February 1, February 2,
(In thousands, except per share data) 2014 2013
Assets
Current assets:
Cash and cash equivalents .............................................. $ 419,476 $ 320,475
Receivables, net ...................................................... 47,049 41,515
Merchandise inventories, net ........................................... 457,933 361,125
Prepaid expenses and other current assets ................................. 55,993 50,452
Deferred income taxes ................................................. 22,246 15,757
Total current assets ..................................................... 1,002,697 789,324
Property and equipment, net .............................................. 595,736 483,059
Deferred compensation plan assets ......................................... 4,294 2,866
Total assets ........................................................... $1,602,727 $1,275,249
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable .................................................... $ 148,282 $ 118,886
Accrued liabilities .................................................... 103,180 92,127
Accrued income taxes ................................................. 15,349 10,054
Total current liabilities .................................................. 266,811 221,067
Deferred rent .......................................................... 261,630 208,003
Deferred income taxes ................................................... 66,718 56,361
Other long-term liabilities ................................................ 4,474 2,876
Total liabilities ........................................................ 599,633 488,307
Commitments and contingencies (note 4)
Stockholders’ equity:
Common stock, $.01 par value, 400,000 shares authorized; 64,793 and 64,565
shares issued; 64,231 and 64,009 shares outstanding; at February 1, 2014, and
February 2, 2013, respectively ........................................ 647 645
Treasury stock-common, at cost ......................................... (8,125) (7,494)
Additional paid-in capital .............................................. 548,194 496,930
Retained earnings .................................................... 462,378 296,861
Total stockholders’ equity ................................................ 1,003,094 786,942
Total liabilities and stockholders’ equity .................................... $1,602,727 $1,275,249
See accompanying notes to financial statements.
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