Banana Republic 2011 Annual Report Download - page 52
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THE GAP, INC.
CONSOLIDATED BALANCE SHEETS
($ and shares in millions except par value) January 28,
2012 January 29,
2011
ASSETS
Current assets:
Cashandcashequivalents ....................................................... $ 1,885 $ 1,561
Short-terminvestments ......................................................... — 100
Merchandise inventory .......................................................... 1,615 1,620
Other current assets ............................................................. 809 645
Total current assets ......................................................... 4,309 3,926
Propertyandequipment,net ......................................................... 2,523 2,563
Otherlong-termassets .............................................................. 590 576
Totalassets ................................................................ $ 7,422 $ 7,065
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Current maturities of debt ....................................................... $59$ 3
Accounts payable ............................................................... 1,066 1,049
Accrued expenses and other current liabilities ..................................... 998 993
Income taxes payable ........................................................... 550
Total current liabilities ...................................................... 2,128 2,095
Long-term liabilities:
Long-termdebt ................................................................. 1,606 —
Lease incentives and other long-term liabilities ..................................... 933 890
Total long-term liabilities .................................................... 2,539 890
Commitments and contingencies (see Notes 10 and 14)
Stockholders' equity:
Common stock $0.05 par value
Authorized 2,300 shares; Issued 1,106 shares for all periods presented;
Outstanding 485 and 588 shares for periods presented, respectively ........... 55 55
Additionalpaid-incapital ........................................................ 2,867 2,939
Retained earnings ............................................................... 12,364 11,767
Accumulated other comprehensive income ........................................ 229 185
Treasury stock at cost (621 and 518 shares for periods presented, respectively) ......... (12,760) (10,866)
Totalstockholders'equity.................................................... 2,755 4,080
Total liabilities and stockholders' equity ....................................... $ 7,422 $ 7,065
See Accompanying Notes to Consolidated Financial Statements
38 Gap Inc. Form 10-K