Ulta 2014 Annual Report Download - page 55

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Ulta Salon, Cosmetics & Fragrance, Inc.
Consolidated Balance Sheets
(In thousands, except per share data)
January 31,
2015
February 1,
2014
Assets
Current assets:
Cash and cash equivalents .............................................. $ 389,149 $ 419,476
Short-term investments ................................................ 150,209 —
Receivables, net ...................................................... 52,440 47,049
Merchandise inventories, net ........................................... 581,229 457,933
Prepaid expenses and other current assets ................................. 66,548 55,993
Deferred income taxes ................................................. 20,780 22,246
Total current assets ..................................................... 1,260,355 1,002,697
Property and equipment, net .............................................. 717,159 595,736
Deferred compensation plan assets ......................................... 5,656 4,294
Total assets ........................................................... $1,983,170 $1,602,727
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable .................................................... $ 190,778 $ 148,282
Accrued liabilities .................................................... 149,412 103,180
Accrued income taxes ................................................. 19,404 15,349
Total current liabilities .................................................. 359,594 266,811
Deferred rent .......................................................... 294,127 261,630
Deferred income taxes ................................................... 74,498 66,718
Other long-term liabilities ................................................ 7,442 4,474
Total liabilities ........................................................ 735,661 599,633
Commitments and contingencies (note 4)
Stockholders’ equity:
Common stock, $.01 par value, 400,000 shares authorized; 64,762 and 64,793
shares issued; 64,184 and 64,231 shares outstanding; at January 31, 2015, and
February 1, 2014, respectively ........................................ 647 647
Treasury stock-common, at cost ......................................... (9,713) (8,125)
Additional paid-in capital .............................................. 576,982 548,194
Retained earnings .................................................... 679,593 462,378
Total stockholders’ equity ................................................ 1,247,509 1,003,094
Total liabilities and stockholders’ equity .................................... $1,983,170 $1,602,727
See accompanying notes to financial statements.
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