Barnes and Noble 2015 Annual Report Download - page 36

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CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data) May 2, 2015 May 3, 2014
ASSETS
Current assets:
Cash and cash equivalents $ 74,360 $ 340,171
Receivables, net 98,576 143,981
Merchandise inventories, net 1,293,164 1,234,635
Textbook rental inventories 55,075 50,341
Prepaid expenses and other current assets 65,331 66,580
Short-term deferred tax assets 142,809 144,730
Total current assets $ 1,729,315 $ 1,980,438
Property and equipment:
Land and land improvements 2,541 2,541
Buildings and leasehold improvements 1,207,039 1,224,083
Fixtures and equipment 1,866,719 1,938,555
3,076,299 3,165,179
Less accumulated depreciation and amortization 2,627,007 2,674,466
Net property and equipment 449,292 490,713
Goodwill 489,267 493,189
Intangible assets, net 513,842 528,576
Other noncurrent assets 47,789 44,533
Total assets $ 3,229,505 $ 3,537,449
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 655,064 $ 735,112
Accrued liabilities 434,049 502,583
Gift card liabilities 358,146 356,700
Short-term note payable — 127,250
Total current liabilities 1,447,259 1,721,645
Long-term deferred taxes 200,527 211,925
Other long-term liabilities 196,302 366,989
Redeemable Preferred Shares; $0.001 par value; 5,000 shares authorized; 204 and 204 shares
issued, respectively 196,059 194,797
Preferred Membership Interests in NOOK Media, LLC — 383,397
Shareholders’ equity:
Common stock; $0.001 par value; 300,000 shares authorized; 98,115 and 93,540 shares issued,
respectively 98 94
Additional paid-in capital 1,927,997 1,395,463
Accumulated other comprehensive loss (16,533) (11,773)
Retained earnings 357,512 344,021
Treasury stock, at cost, 34,841 and 34,364 shares, respectively (1,079,716) (1,069,109)
Total shareholders’ equity 1,189,358 658,696
Commitments and contingencies ——
Total liabilities and shareholders’ equity $ 3,229,505 $ 3,537,449
See accompanying notes to consolidated financial statements.
34 Barnes & Noble, Inc.