DSW 2010 Annual Report Download - page 48

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DSW INC.
CONSOLIDATED BALANCE SHEETS
January 29,
2011
January 30,
2010
(In thousands,
except share amounts)
ASSETS
Cash and equivalents ............................................... $ 93,617 $ 125,020
Short-term investments .............................................. 241,557 164,265
Accounts receivable, net............................................. 12,433 5,406
Accounts receivable from related parties, net ............................. 81 123
Inventories....................................................... 309,013 262,284
Prepaid expenses and other current assets ................................ 29,945 20,762
Deferred income taxes .............................................. 30,535 29,130
Total current assets ................................................ 717,181 606,990
Property and equipment — at cost:
Furniture, fixtures and equipment .................................. 260,790 235,460
Leasehold improvements......................................... 178,349 158,687
Total property and equipment ................................... 439,139 394,147
Less accumulated depreciation .................................... (228,748) (187,723)
Property and equipment, net .................................... 210,391 206,424
Long-term investments .............................................. 49,987 1,151
Goodwill ........................................................ 25,899 25,899
Deferred income taxes and other assets.................................. 5,439 10,292
Total assets ...................................................... $1,008,897 $ 850,756
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable. . ................................................ $ 148,648 $ 119,064
Accounts payable to related parties..................................... 1,074 1,495
Accrued expenses:
Compensation . . ................................................ 25,017 26,244
Taxes ......................................................... 15,438 28,882
Gift cards and merchandise credits ................................... 22,571 17,774
Other ......................................................... 40,968 31,260
Total current liabilities .............................................. 253,716 224,719
Deferred income taxes .............................................. 18,828
Other non-current liabilities .......................................... 95,589 101,156
Commitments and contingencies
Shareholders’ equity:
Class A Common Shares, no par value; 170,000,000 authorized; 16,804,965 and
16,508,581 issued and outstanding, respectively ......................... 314,382 306,123
Class B Common Shares, no par value; 100,000,000 authorized; 27,382,667 and
27,382,667 issued and outstanding, respectively .........................
Preferred Shares, no par value; 100,000,000 authorized; no shares issued or
outstanding ....................................................
Retained earnings . ................................................ 326,382 218,758
Total shareholders’ equity ........................................... 640,764 524,881
Total liabilities and shareholders’ equity ................................. $1,008,897 $ 850,756
The accompanying Notes are an integral part of the Consolidated Financial Statements.
F-2