Barnes and Noble 2007 Annual Report Download - page 21

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CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data) FEBRUARY 2, 2008 FEBRUARY 3, 2007
ASSETS
Current assets
Cash and cash equivalents $ 361,047 348,767
Receivables, net 112,199 100,467
Merchandise inventories 1,366,858 1,354,580
Prepaid expenses and other current assets 125,577 118,626
Total current assets 1,965,681 1,922,440
Property and equipment
Land and land improvements 3,247 3,247
Buildings and leasehold improvements 1,055,870 990,058
Fixtures and equipment 1,341,568 1,310,026
2,400,685 2,303,331
Less accumulated depreciation and amortization 1,576,052 1,497,275
Net property and equipment 824,633 806,056
Goodwill 255,290 259,683
Intangible assets, net 87,987 91,176
Deferred taxes 102,633 104,103
Other noncurrent assets 13,602 13,340
Total assets $ 3,249,826 3,196,798
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable $ 854,671 792,977
Accrued liabilities 735,496 696,666
Total current liabilities 1,590,167 1,489,643
Deferred taxes 173,496 160,273
Other long-term liabilities 399,390 371,357
Minority interest 12,053 10,660
Shareholders’ equity
Common stock; $.001 par value; 300,000 shares authorized;
86,754 and 84,608 shares issued, respectively 87 85
Additional paid-in capital 1,233,343 1,169,167
Accumulated other comprehensive loss (9,523) (7,086)
Retained earnings 696,861 600,404
Treasury stock, at cost, 26,461 and 19,520 shares, respectively (846,048) (597,705)
Total shareholders’ equity 1,074,720 1,164,865
Commitments and contingencies — —
Total liabilities and shareholders’ equity $ 3,249,826 3,196,798
See accompanying notes to consolidated fi nancial statements.
2007 Annual Report 19