Coach 2006 Annual Report Download - page 30

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








Current Assets:
Cash and cash equivalents $ 556,956 $ 143,388
Short-term investments 628,860 394,177
Trade accounts receivable, less allowances of $6,579 and $6,000,
respectively
107,814 84,361
Inventories 291,192 233,494
Deferred income taxes 68,305 78,019
Prepaids and other current assets 87,069 41,043
Total current assets 1,740,196 974,482
Property and equipment, net 368,461 298,531
Goodwill 213,794 227,811
Indefinite life intangibles 11,865 12,007
Deferred income taxes 86,046 84,077
Other noncurrent assets 29,150 29,612
Total assets $2,449,512 $1,626,520

Current Liabilities:
Accounts payable $ 109,309 $ 79,819
Accrued liabilities 298,452 261,835
Current portion of long-term debt 235 170
Total current liabilities 407,996 341,824
Deferred income taxes 36,448 31,655
Long-term debt 2,865 3,100
Other liabilities 91,849 61,207
Total liabilities 539,158 437,786
Commitments and contingencies (Note 8)
Stockholders' Equity:
Preferred stock: (authorized 25,000,000 shares; $0.01 par value) none
issued
— —
Common stock: (authorized 1,000,000,000 shares; $0.01 par value) issued and
outstanding — 372,521,112 and 369,830,906 shares, respectively
3,725 3,698
Additional paid-in-capital 978,664 775,209
Retained earnings 940,757 417,087
Accumulated other comprehensive loss (12,792) (7,260)
Total stockholders' equity 1,910,354 1,188,734
Total liabilities and stockholders' equity $2,449,512 $1,626,520
See accompanying Notes to Condensed Consolidated Financial Statements.
39





 





Net sales $2,612,456 $ 2,035,085 $ 1,651,704
Cost of sales 589,470 453,518 384,153
Gross profit 2,022,986 1,581,567 1,267,551
Selling, general and administrative expenses 1,029,589 866,860 731,891