Big Lots 2013 Annual Report Download - page 186

44
BIG LOTS, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(In thousands, except par value)
February 1, 2014 February 2, 2013
ASSETS
Current assets:
Cash and cash equivalents $68,629 $ 60,581
Inventories 914,965 918,023
Deferred income taxes 59,781 37,696
Other current assets 77,686 74,330
Total current assets 1,121,061 1,090,630
Property and equipment - ne
t
569,682 593,562
Deferred income taxes 5,106
—
Goodwill
—
13,522
Other assets 43,750 55,912
Total assets $1,739,599 $ 1,753,626
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $365,772 $ 393,652
Property, payroll, and other taxes 73,334 74,973
Accrued operating expenses 57,167 53,788
Insurance reserves 37,607 36,861
KB bankruptcy lease obligation
—
3,069
Accrued salaries and wages 29,175 26,753
Income taxes payable 14,392 40,538
Total current liabilities 577,447 629,634
Long-term obligations 77,000 171,200
Deferred income taxes
—
2,693
Deferred rent 76,364 73,658
Insurance reserves 55,755 63,332
Unrecognized tax benefits 17,975 16,335
Other liabilities 33,631 38,632
Shareholders’ equity:
Preferred shares - authorized 2,000 shares; $0.01 par value; none issued
—
—
Common shares - authorized 298,000 shares; $0.01 par value; issued 117,495
shares; outstanding 57,548 shares and 57,269 shares, respectively 1,175
1,175
Treasury shares - 59,947 shares and 60,226 shares, respectively, at cost (1,670,041) (1,677,610)
Additional paid-in capital 562,447 551,845
Retained earnings 2,021,357 1,896,062
Accumulated other comprehensive loss (13,511) (13,330)
Total shareholders' equity 901,427 758,142
Total liabilities and shareholders' equity $1,739,599 $ 1,753,626
The accompanying notes are an integral part of these consolidated financial statements.