Coach 2008 Annual Report Download - page 43

Download and view the complete annual report

Please find page 43 of the 2008 Coach annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 83

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83

TABLE OF CONTENTS
COACH, INC.
CONSOLIDATED BALANCE SHEETS
(amounts in thousands, except share data)
June 27,
2009
June 28,
2008
ASSETS
Current Assets:
Cash and cash equivalents $ 800,362 $ 698,905
Trade accounts receivable, less allowances of $6,347 and $7,717, respectively 108,707 106,738
Inventories 326,148 318,490
Deferred income taxes 49,476 70,069
Prepaid expenses 48,342 65,569
Other current assets 63,374 99,447
Total current assets 1,396,409 1,359,218
Long-term investments 6,000 8,000
Property and equipment, net 592,982 464,226
Goodwill 283,387 249,118
Intangible assets 9,788 9,788
Deferred income taxes 159,092 81,346
Other assets 116,678 75,657
Total assets $ 2,564,336 $ 2,247,353
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable $ 103,029 $ 134,726
Accrued liabilities 348,619 315,930
Revolving credit facilities 7,496 —
Current portion of long-term debt 508 285
Total current liabilities 459,652 450,941
Deferred income taxes — 25,371
Long-term debt 25,072 2,580
Other liabilities 383,570 278,086
Total liabilities 868,294 756,978
Commitments and contingencies (Note 9)
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 — 318,006,466 and 336,728,851 shares, respectively
3,180 3,367
Additional paid-in-capital 1,189,060 1,115,041
Retained earnings 499,951 353,122
Accumulated other comprehensive income 3,851 18,845
Total stockholders’ equity 1,696,042 1,490,375
Total liabilities and stockholders’ equity $ 2,564,336 $ 2,247,353
See accompanying Notes to Consolidated Financial Statements.
39