Big Lots 2014 Annual Report Download - page 120
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42
BIG LOTS, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(In thousands, except par value)
January 31, 2015 February 1, 2014
ASSETS
Current assets:
Cash and cash equivalents $ 52,261 $ 68,629
Inventories 851,669 914,965
Deferred income taxes 39,154 59,781
Other current assets 95,345 77,686
Total current assets 1,038,429 1,121,061
Property and equipment - net 550,555 569,682
Deferred income taxes 7,139 5,106
Other assets 39,768 43,750
Total assets $ 1,635,891 $ 1,739,599
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 358,932 $ 365,772
Property, payroll, and other taxes 76,924 73,334
Accrued operating expenses 62,955 57,167
Insurance reserves 38,824 37,607
Accrued salaries and wages 47,878 29,175
Income taxes payable 2,316 14,392
Total current liabilities 587,829 577,447
Long-term obligations 62,100 77,000
Deferred rent 65,930 76,364
Insurance reserves 55,606 55,755
Unrecognized tax benefits 17,888 17,975
Other liabilities 56,988 33,631
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 52,912 shares and 57,548 shares, respectively 1,175 1,175
Treasury shares - 64,583 shares and 59,947 shares, respectively, at cost (1,878,523)(1,670,041)
Additional paid-in capital 574,454 562,447
Retained earnings 2,107,100 2,021,357
Accumulated other comprehensive loss (14,656)(13,511)
Total shareholders' equity 789,550 901,427
Total liabilities and shareholders' equity $ 1,635,891 $ 1,739,599
The accompanying notes are an integral part of these consolidated financial statements.