Barnes and Noble 1998 Annual Report Download - page 45

Download and view the complete annual report

Please find page 45 of the 1998 Barnes and Noble annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 61

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61

14
C O N S O L I DATED BALANCE SHEETS
(In thousands of dollars, except per share data) January 30, 1999 January 31, 1998
Assets
Current assets:
Cash and cash equivalents $ 31,081 12,697
Receivables, net 57,523 43,858
Merchandise inventories 945,073 852,107
Prepaid expenses and other current assets 54,634 68,902
Total current assets 1,088,311 977,564
Property and equipment:
Land and land improvements 3,197 681
Buildings and leasehold improvements 383,292 3 47, 5 9 8
Fixtures and equipment 440,488 378,058
826,977 726,337
Less accumulated depreciation and amortization 316,631 244,207
Net property and equipment 510,346 482,130
Intangible assets, net 86,980 90,237
Investment in barnesandnoble.com llc 82,307 —
Other noncurrent assets 39,653 41,240
Total assets $ 1,807,597 1,591,171
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable $ 498,237 459,795
Accrued liabilities 274,085 253,050
Total current liabilities 772,322 712,845
Long-term debt 2 4 9,100 284,800
Deferred income taxes 32,449 —
Other long-term liabilities 74,937 61,771
Shareholders’ equity:
Common stock; $.001 par value; 300,000,000 shares
authorized; 68,759,111 and 67,921,830 shares issued and
outstanding, respectively 69 68
Additional paid-in capital 523,517 468,860
Retained earnings 155,203 62,827
Total shareholders’ equity 678,789 531,755
Commitments and contingencies — —
Total liabilities and shareholders’ equity $ 1,807,597 1,591,171
See accompanying notes to consolidated financial statements. Barnes & Noble, Inc. 1998