Famous Footwear 2004 Annual Report Download - page 38

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Table of Contents
BROWN SHOE COMPANY, INC. 2003 FORM 10-K
Consolidated Balance Sheets
January 31, February 1,
($ thousands, except number of shares and per share amounts) 2004 2003
Assets
Current Assets
Cash and cash equivalents $ 55,657 $ 32,121
Receivables, net of allowances of $5,899 in 2003 and $6,674 in 2002 81,930 82,486
Inventories, net of adjustment to last-in, first-out cost of $12,250 in
2003 and $12,146 in 2002 376,210 392,584
Deferred and refundable income taxes 4,638 11,297
Prepaid expenses and other current assets 11,250 9,681
Total current assets 529,685 528,169
Prepaid pension costs 53,876 51,091
Other assets 29,816 32,201
Property and equipment, net 85,548 84,813
Goodwill and intangible assets, net 20,405 18,602
Total assets $719,330 $714,876
Liabilities and Shareholders’ Equity
Current Liabilities
Notes payable $19,500 $29,000
Trade accounts payable 116,677 129,209
Employee compensation and benefits 40,547 54,464
Other accrued expenses 56,160 46,337
Income taxes 2,960 5,352
Current maturities of long-term debt — 20,000
Total current liabilities 235,844 284,362
Other Liabilities
Long-term debt, including capitalized lease obligations 100,000 103,493
Deferred income taxes 1,645 1,339
Other liabilities 26,713 29,075
Total other liabilities 128,358 133,907
Shareholders’ Equity
Preferred stock, $1.00 par value, 1,000,000 shares authorized; no
shares outstanding — —
Common stock, $3.75 par value, 100,000,000 shares authorized;
18,076,589 and 17,682,682 shares outstanding in 2003 and 2002,
respectively
67,787
66,311
Additional capital 62,772 50,224
Unamortized value of restricted stock (3,408) (1,961)
Accumulated other comprehensive loss (4,934) (11,147)
Retained earnings 232,911 193,180
Total shareholders’ equity 355,128 296,607
Total liabilities and shareholders’ equity $719,330 $714,876
See notes to consolidated financial statements.
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