Dollar Tree 2006 Annual Report Download - page 30

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CONSOLIDATED BALANCE SHEETS
28 DOLLAR TREE STORES, INC. • 2006 ANNUAL REPORT
February 3, January 28,
(in millions, except share data) 2007 2006
ASSETS
Current assets:
Cash and cash equivalents $ 85.0 $ 65.8
Short-term investments 221.8 274.0
Merchandise inventories 605.0 576.6
Deferred tax assets (Note 3) 10.7 10.8
Prepaid expenses and other current assets 36.5 16.5
Total current assets 959.0 943.7
Property, plant and equipment, net (Note 2) 715.3 681.8
Intangibles, net (Notes 2 and 10) 146.6 129.3
Other assets, net (Notes 2, 8 and 11) 52.4 43.6
TOTAL ASSETS $1,873.3 $1,798.4
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt (Note 5) $ 18.8 $ 19.0
Accounts payable 189.2 135.6
Other current liabilities (Note 2) 132.0 99.2
Income taxes payable 43.3 41.7
Total current liabilities 383.3 295.5
Long-term debt, excluding current portion (Note 5) 250.0 250.0
Deferred tax liabilities (Note 3) 1.5 23.5
Other liabilities (Notes 6 and 8) 70.8 57.1
Total liabilities 705.6 626.1
Shareholders’ equity (Notes 6, 7 and 9):
Common stock, par value $0.01. 300,000,000 shares authorized,
99,663,580 and 106,552,054 shares issued and outstanding
at February 3, 2007 and January 28, 2006, respectively 1.0 1.1
Additional paid-in capital —11.4
Accumulated other comprehensive income (loss) 0.1 0.1
Retained earnings 1,166.6 1,159.7
Total shareholders’ equity 1,167.7 1,172.3
Commitments, contingencies and subsequent event (Notes 4 and 12) ——
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $1,873.3 $1,798.4
See accompanying Notes to Consolidated Financial Statements.