Dollar Tree 2007 Annual Report Download - page 31

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DOLLAR TREE, INC. • 2007 ANNUAL REPORT
29
Consolidated Balance Sheets
February 2, February 3,
(in millions, except share data) 2008 2007
ASSETS
Current assets:
Cash and cash equivalents $ 40.6 $ 85.0
Short-term investments 40.5 221.8
Merchandise inventories 641.2 605.0
Deferred tax assets (Note 3) 17.3 10.7
Prepaid expenses and other current assets 49.2 45.4
Total current assets 788.8 967.9
Property, plant and equipment, net (Note 2) 743.6 715.3
Goodwill (Note 10) 133.3 133.3
Other intangibles, net (Notes 2 and 10) 14.5 13.3
Deferred tax assets (Note 3) 38.7 —
Other assets, net (Notes 2, 8 and 11) 68.8 52.4
TOTAL ASSETS $1,787.7 $1,882.2
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current portion of long-term debt (Note 5) $ 18.5 $ 18.8
Accounts payable 200.4 198.1
Other current liabilities (Note 2) 143.6 132.0
Income taxes payable 43.4 43.3
Total current liabilities 405.9 392.2
Long-term debt, excluding current portion (Note 5) 250.0 250.0
Income taxes payable, long-term (Note 3) 55.0 —
Deferred tax liabilities (Note 3) —1.5
Other liabilities (Notes 6 and 8) 88.4 70.8
Total liabilities 799.3 714.5
Commitments, contingencies and subsequent events (Notes 1,4,5 and 6)
Shareholders’ equity (Notes 6, 7 and 9):
Common stock, par value $0.01. 300,000,000 shares authorized,
89,784,776 and 99,663,580 shares issued and outstanding at
February 2, 2008 and February 3, 2007, respectively 0.9 1.0
Additional paid-in capital ——
Accumulated other comprehensive income (loss) 0.1 0.1
Retained earnings 987.4 1,166.6
Total shareholders’ equity 988.4 1,167.7
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $1,787.7 $1,882.2
See accompanying Notes to Consolidated Financial Statements.