Coach 2009 Annual Report Download - page 47

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TABLE OF CONTENTS
COACH, INC.
CONSOLIDATED BALANCE SHEETS
(amounts in thousands, except share data)
July 3,
2010
June 27,
2009
ASSETS
Current Assets:
Cash and cash equivalents $ 596,470 $ 800,362
Short-term investments 99,928 —
Trade accounts receivable, less allowances of $6,965 and $6,347,
respectively
109,068 108,707
Inventories 363,285 326,148
Deferred income taxes 77,355 49,476
Prepaid expenses 30,375 48,342
Other current assets 26,160 63,374
Total current assets 1,302,641 1,396,409
Long-term investments 6,000 6,000
Property and equipment, net 548,474 592,982
Goodwill 305,861 283,387
Intangible assets 9,788 9,788
Deferred income taxes 156,465 159,092
Other assets 137,886 116,678
Total assets $2,467,115 $ 2,564,336
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current Liabilities:
Accounts payable $ 105,569 $ 103,029
Accrued liabilities 422,725 348,619
Revolving credit facilities — 7,496
Current portion of long-term debt 742 508
Total current liabilities 529,036 459,652
Long-term debt 24,159 25,072
Other liabilities 408,627 383,570
Total liabilities 961,822 868,294
See note on commitments and contingencies
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 — 296,867,247 and 318,006,466, respectively
2,969 3,180
Additional paid-in-capital 1,502,982 1,189,060
(Accumulated deficit) retained earnings (30,053) 499,951
Accumulated other comprehensive income 29,395 3,851
Total stockholders’ equity 1,505,293 1,696,042
Total liabilities and stockholders’ equity $2,467,115 $ 2,564,336
See accompanying Notes to Consolidated Financial Statements.
43