Banana Republic 2013 Annual Report Download - page 59

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35
THE GAP, INC.
CONSOLIDATED BALANCE SHEETS
($ and shares in millions except par value) February 1,
2014 February 2,
2013
ASSETS
Current assets:
Cash and cash equivalents $ 1,510 $ 1,460
Short-term investments — 50
Merchandise inventory 1,928 1,758
Other current assets 992 864
Total current assets 4,430 4,132
Property and equipment, net 2,758 2,619
Other long-term assets 661 719
Total assets $ 7,849 $ 7,470
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Current maturities of debt $ 25 $ —
Accounts payable 1,242 1,144
Accrued expenses and other current liabilities 1,142 1,092
Income taxes payable 36 108
Total current liabilities 2,445 2,344
Long-term liabilities:
Long-term debt 1,369 1,246
Lease incentives and other long-term liabilities 973 986
Total long-term liabilities 2,342 2,232
Commitments and contingencies (see Notes 12 and 16)
Stockholders' equity:
Common stock $0.05 par value
Authorized 2,300 shares and Issued 1,106 shares for all
periods presented; Outstanding 446 and 463 shares 55 55
Additional paid-in capital 2,899 2,864
Retained earnings 14,218 13,259
Accumulated other comprehensive income 135 181
Treasury stock at cost (660 and 643 shares) (14,245) (13,465)
Total stockholders' equity 3,062 2,894
Total liabilities and stockholders' equity $ 7,849 $ 7,470
See Accompanying Notes to Consolidated Financial Statements