Barnes and Noble 2008 Annual Report Download - page 21

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CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data) JANUARY 31, 2009 FEBRUARY 2, 2008
ASSETS
Current assets
Cash and cash equivalents $ 281,608 335,080
Receivables, net 80,998 107,137
Merchandise inventories 1,203,471 1,358,170
Prepaid expenses and other current assets 127,028 125,043
Current assets of discontinued operations 30,199 40,251
Total current assets 1,723,304 1,965,681
Property and equipment
Land and land improvements 9,298 3,247
Buildings and leasehold improvements 1,096,801 1,053,490
Fixtures and equipment 1,385,454 1,310,225
2,491,553 2,366,962
Less accumulated depreciation and amortization 1,670,839 1,553,067
Net property and equipment 820,714 813,895
Goodwill 240,008 242,633
Intangible assets, net 83,443 87,987
Deferred taxes 110,098 102,633
Other noncurrent assets 8,000 8,372
Noncurrent assets of discontinued operations 8,321 28,625
Total assets $ 2,993,888 3,249,826
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable $ 746,599 831,669
Accrued liabilities 710,269 725,054
Current liabilities of discontinued operations 18,807 33,444
Total current liabilities 1,475,675 1,590,167
Deferred taxes 189,268 173,496
Other long-term liabilities 393,006 397,674
Noncurrent liabilities of discontinued operations 12,713 13,769
Minority interest 1,612 —
Shareholders’ equity
Common stock; $.001 par value; 300,000 shares authorized;
87,681 and 86,754 shares issued, respectively 88 87
Additional paid-in capital 1,262,358 1,233,343
Accumulated other comprehensive loss (14,503) (9,523)
Retained earnings 721,200 696,861
Treasury stock, at cost, 33,066 and 26,461 shares, respectively (1,047,529) (846,048)
Total shareholders’ equity 921,614 1,074,720
Commitments and contingencies — —
Total liabilities and shareholders’ equity $ 2,993,888 3,249,826
See accompanying notes to consolidated fi nancial statements.
20 Barnes & Noble, Inc.