Dollar Tree 2004 Annual Report Download - page 32

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28 DOLLAR TREE STORES, INC. • 2004 ANNUAL REPORT
January 29, January 31,
(In thousands, except share data) 2005 2004
ASSETS
Current assets:
Cash and cash equivalents $ 106,532 $ 84,190
Short-term investments 211,275 84,495
Merchandise inventories 615,483 525,643
Deferred tax assets (Note 3) 8,072 11,716
Prepaid expenses and other current assets (Note 2) 28,525 16,525
Total current assets 969,887 722,569
Property, plant and equipment, net (Notes 2, 5 and 12) 685,386 634,427
Intangibles, net (Notes 2 and 10) 129,032 123,738
Other assets, net (Notes 11 and 12) 8,367 20,785
TOTAL ASSETS $1,792,672 $1,501,519
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt (Note 5) $ 19,000 $ 25,000
Current installments of obligations under capital leases (Note 2) 12,212 5,324
Accounts payable 124,195 114,972
Other current liabilities (Note 2) 105,279 89,959
Income taxes payable 33,669 37,035
Total current liabilities 294,355 272,290
Long-term debt, excluding current portion (Notes 5 and 12) 250,000 142,568
Obligations under capital leases, excluding current installments (Note 2) 534 12,259
Deferred tax liabilities (Note 3) 42,075 29,717
Other liabilities (Notes 6 and 8) 41,496 30,163
Total liabilities 628,460 486,997
Shareholders’equity (Notes 6, 7 and 9):
Common stock, par value $0.01. 300,000,000 shares
authorized, 113,020,941 and 114,083,768 shares
issued and outstanding at January 29, 2005
and January 31, 2004, respectively 1,130 1,141
Additional paid-in capital 177,684 208,870
Accumulated other comprehensive loss (294) (970)
Unearned compensation (101) (62)
Retained earnings 985,793 805,543
Total shareholders’equity 1,164,212 1,014,522
Commitments and contingencies ——
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $1,792,672 $1,501,519
See accompanying Notes to Consolidated Financial Statements.
CONSOLIDATED BALANCE SHEETS