Barnes and Noble 2003 Annual Report Download - page 23

Download and view the complete annual report

Please find page 23 of the 2003 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 58

  • 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

(Thousands of dollars, except per share data) January 31, 2004 February 1, 2003
Assets
Current assets:
Cash and cash equivalents $ 487,200 267,642
Receivables, net 60,529 66,948
Barnes & Noble.com receivable -- 55,174
Merchandise inventories 1,526,156 1,395,872
Prepaid expenses and other current assets 119,604 101,232
Total current assets 2,193,489 1,886,868
Property and equipment:
Land and land improvements 3,247 3,247
Buildings and leasehold improvements 533,272 495,499
Fixtures and equipment 1,141,317 936,136
1,677,836 1,434,882
Less accumulated depreciation and amortization 991,187 812,579
Net property and equipment 686,649 622,303
Goodwill 509,244 390,396
Intangible assets, net 94,574 48,176
Investment in Barnes & Noble.com -- 23,280
Other noncurrent assets 23,338 24,404
Total assets $ 3,507,294 2,995,427
Liabilities and Shareholders’ Equity
Current liabilities:
Accounts payable $ 858,068 710,907
Accrued liabilities 583,773 520,541
Total current liabilities 1,441,841 1,231,448
Long-term debt 300,000 300,000
Deferred income taxes 170,066 119,823
Other long-term liabilities 108,441 115,415
Minority interest 227,287 200,951
Shareholders’ equity:
Common stock; $.001 par value; 300,000,000 shares authorized;
76,854,856 and 73,110,740 shares issued, respectively 77 73
Additional paid-in capital 914,319 828,522
Accumulated other comprehensive loss ( 8,579 ) (11,064 )
Retained earnings 543,503 391,650
Treasury stock, at cost, 8,807,700 and 8,502,700 shares, respectively (189,661 ) (181,391 )
Total shareholders’ equity 1,259,659 1,027,790
Commitments and contingencies -- --
Total liabilities and shareholders’ equity $ 3,507,294 2,995,427
See accompanying notes to consolidated financial statements.
[CONSOLIDATED BALANCE SHEETS ]
22
2003 Annual ReportBarnes & Noble, Inc.