Banana Republic 2012 Annual Report Download - page 50

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32
THE GAP, INC.
CONSOLIDATED BALANCE SHEETS
($ and shares in millions except par value) February 2,
2013 January 28,
2012
ASSETS
Current assets:
Cash and cash equivalents $ 1,460 $ 1,885
Short-term investments 50 —
Merchandise inventory 1,758 1,615
Other current assets 864 809
Total current assets 4,132 4,309
Property and equipment, net 2,619 2,523
Other long-term assets 719 590
Total assets $ 7,470 $ 7,422
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Current maturities of debt $ — $ 59
Accounts payable 1,144 1,066
Accrued expenses and other current liabilities 1,092 998
Income taxes payable 108 5
Total current liabilities 2,344 2,128
Long-term liabilities:
Long-term debt 1,246 1,606
Lease incentives and other long-term liabilities 986 933
Total long-term liabilities 2,232 2,539
Commitments and contingencies (see Notes 11 and 15)
Stockholders' equity:
Common stock $0.05 par value
Authorized 2,300 shares and Issued 1,106 shares for all periods
presented; Outstanding 463 and 485 shares 55 55
Additional paid-in capital 2,864 2,867
Retained earnings 13,259 12,364
Accumulated other comprehensive income 181 229
Treasury stock at cost (643 and 621 shares) (13,465) (12,760)
Total stockholders' equity 2,894 2,755
Total liabilities and stockholders' equity $ 7,470 $ 7,422
See Accompanying Notes to Consolidated Financial Statements
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