Whole Foods 2008 Annual Report Download - page 52

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Whole Foods Market, Inc.
Consolidated Balance Sheets
(In thousands)
September 28, 2008 and September 30, 2007
Assets 2008 2007
Current assets:
Cash and cash equivalents $ 30,534 $ -
Restricted cash 617 2,310
Accounts receivable 115,424 105,209
Proceeds receivable for divestiture - 165,054
Merchandise inventories 327,452 288,112
Prepaid expenses and other current assets 68,150 40,402
Deferred income taxes 80,429 66,899
Total current assets 622,606 667,986
Property and equipment, net of accumulated depreciation and amortization 1,900,117 1,666,559
Goodwill 659,559 668,850
Intangible assets, net of accumulated amortization 78,499 97,683
Deferred income taxes 109,002 104,877
Other assets 10,953 7,173
Total assets $ 3,380,736 $ 3,213,128
Liabilities and Shareholders’ Equity 2008 2007
Current liabilities:
Current installments of long-term debt and capital lease obligations $ 380 $ 24,781
Accounts payable 183,134 225,728
Accrued payroll, bonus and other benefits due team members 196,233 181,290
Dividends payable - 25,060
Other current liabilities 286,430 315,491
Total current liabilities 666,177 772,350
Long-term debt and capital lease obligations, less current installments 928,790 736,087
Deferred lease liabilities 199,635 152,552
Other long-term liabilities 80,110 93,335
Total liabilities 1,874,712 1,754,324
Shareholders’ equity:
Common stock, no par value, 300,000 shares authorized;
140,286 and 143,787 shares issued, 140,286 and 139,240
shares outstanding in 2008 and 2007, respectively 1,066,180 1,232,845
Common stock in treasury, at cost - (199,961)
Accumulated other comprehensive income 422 15,722
Retained earnings 439,422 410,198
Total shareholders’ equity 1,506,024 1,458,804
Commitments and contingencies
Total liabilities and shareholders’ equity $ 3,380,736 $ 3,213,128
The accompanying notes are an integral part of these consolidated financial statements.