DSW 2011 Annual Report Download - page 45

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Table of Contents
DSW INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except share amounts)
ASSETS January 28, 2012
January 29, 2011
Cash and equivalents
$
79,003
$
99,126
Short-term investments
296,697
241,557
Accounts receivable, net
16,900
13,105
Accounts receivable from related parties
96
81
Inventories
334,390
309,013
Prepaid expenses and other current assets
24,448
30,900
Deferred income taxes
116,473
49,354
Total current assets
868,007
743,136
Property and equipment:
Furniture, fixtures and equipment
295,162
261,056
Leasehold improvements
215,519
182,503
Total property and equipment
510,681
443,559
Accumulated depreciation and amortization
(274,955
)
(231,217
)
Property and equipment, net
235,726
212,342
Long-term investments
53,858
49,987
Goodwill
25,899
25,899
Deferred income taxes
15,653
Other assets
8,757
10,113
Total assets
$
1,207,900
$
1,041,477
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable
$
148,944
$
149,207
Accounts payable to related parties
2,304
1,069
Accrued expenses:
Compensation
33,427
25,162
Taxes
13,128
15,673
Other
52,195
49,694
Gift cards and merchandise credits
28,248
22,571
Conversion feature of short-term debt
6,375
Warrant liability
29,303
20,624
Current maturities of long-term debt
132,132
Total current liabilities
307,549
422,507
Other non-current liabilities
113,764
104,182
Deferred income taxes
25,919
Commitments and contingencies
Shareholders’ equity:
Class A Common Shares, no par value; 170,000,000 and 69,600,000 authorized, respectively; 32,121,760 and 21,872,844
issued and outstanding, respectively
624,948
330,022
Class B Common Shares, no par value; 100,000,000 and 0 authorized, respectively; 11,169,972 and 0 issued and outstanding,
respectively
171,864
Preferred Shares, no par value; 100,000,000 and 0 authorized, respectively; no shares issued or outstanding
Treasury Shares, at cost, 0 and 3,284 shares, respectively
(59
)
Accumulated deficit
(1,739
)
(78,940
)
Accumulated other comprehensive loss
(8,486
)
(5,842
)
Total shareholders’ equity excluding noncontrolling interests
786,587
245,181
Noncontrolling interests
243,688
Total shareholders’ equity
786,587
488,869