Barnes and Noble 1997 Annual Report Download - page 25

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21
(Thousands of dollars, except per share data)
JANUARY 31, 1998 FEBRUARY 1, 1997
ASSETS
Current assets:
Cash and cash equivalents $ 12,697 12,447
Receivables, net 43,858 45,558
Merchandise inventories 852,107 732,203
Prepaid expenses and other current assets 68,902 76,747
Total current assets 977,564 866,955
Property and equipment:
Land and land improvements 681 681
Buildings and leasehold improvements 347,598 326,392
Fixtures and equipment 378,058 289,684
726,337 616,757
Less accumulated depreciation and amortization 244,207 181,983
Net property and equipment 482,130 434,774
Intangible assets, net 90,237 93,494
Other noncurrent assets 41,240 51,424
Total assets $1,591,171 1,446,647
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Revolving credit facility $ — 40,000
Accounts payable 459,795 373,340
Accrued liabilities 253,050 240,923
Total current liabilities 712,845 654,263
Long-term debt 284,800 290,000
Other long-term liabilities 61,771 46,395
Shareholders’ equity:
Common stock; $.001 par value; 100,000,000 shares authorized;
67,921,830 and 66,376,250 shares issued and outstanding, respectively 68 66
Additional paid-in capital 468,860 446,265
Retained earnings 62,827 9,658
Total shareholders’ equity 531,755 455,989
Commitments and contingencies ——
Total liabilities and shareholders’ equity $1,591,171 1,446,647
See accompanying notes to consolidated financial statements.
CONSOLIDATED BALANCE SHEETS
BARNES
&
NOBLE 1997