Express 2012 Annual Report Download - page 80

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EXPRESS, INC.
CONDENSED CONSOLIDATING BALANCE SHEET
(Amounts in thousands)
February 2, 2013
Express, Inc.
Subsidiary
Issuers
Guarantor
Subsidiaries
Other
Subsidiaries Eliminations
Consolidated
Total
Assets
Current assets
Cash and cash equivalents ..... $ 938 $230,174 $ 22,924 $ 2,261 $ — $ 256,297
Receivables, net ............. — 5,612 3,147 2,265 — 11,024
Inventories ................. — 13,597 198,094 3,391 — 215,082
Prepaid minimum rent ........ — 451 23,697 1,018 — 25,166
Intercompany loan receivable . . — 20,754 — — (20,754) —
Intercompany receivable ...... — — 98,304 5,783 (104,087) —
Other ...................... — 5,085 3,162 46 — 8,293
Total current assets ................... 938 275,673 349,328 14,764 (124,841) 515,862
Property and equipment, net ............ — 46,913 215,829 15,627 — 278,369
Tradename/domain name .............. — 197,719 — — — 197,719
Investment in subsidiary ............... 369,140 371,084 — 363,356 (1,103,580) —
Deferred tax assets ................... 738 10,369 5,701 — — 16,808
Other assets ........................ — 7,710 2,727 4 — 10,441
Total assets ......................... $370,816 $909,468 $573,585 $393,751 $(1,228,421)$1,019,199
Liabilities and stockholders’ equity
Current liabilities
Accounts payable ............ $ — $173,395 $ 1,132 $ 1,598 $ — $ 176,125
Deferred revenue ............ — 1,223 26,507 121 — 27,851
Accrued bonus .............. — — 334 2 — 336
Accrued expenses ............ (346) 34,490 72,963 1,357 — 108,464
Intercompany payable ........ — 104,087 — — (104,087) —
Intercompany loan payable .... — — — 20,754 (20,754) —
Total current liabilities ................ (346) 313,195 100,936 23,832 (124,841) 312,776
Long-term debt ...................... — 198,843 — — — 198,843
Other long-term liabilities ............. — 34,074 96,706 5,638 — 136,418
Total liabilities ...................... (346) 546,112 197,642 29,470 (124,841) 648,037
Commitments and Contingencies
(Note 15)
Total stockholders’ equity ............. 371,162 363,356 375,943 364,281 (1,103,580) 371,162
Total liabilities and stockholders’
equity ........................... $370,816 $909,468 $573,585 $393,751 $(1,228,421)$1,019,199
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