Foot Locker 2004 Annual Report Download - page 40

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CONSOLIDATED BALANCE SHEETS
2004 2003
(in millions)
ASSETS
Current assets
Cash and cash equivalents.......................................................... $ 225 $ 190
Short-term investments ............................................................ 267 258
Total cash, cash equivalents and short-term investments ........................... 492 448
Merchandise inventories............................................................ 1,151 920
Assets of discontinued operations .................................................. 1 2
Other current assets................................................................ 188 149
1,832 1,519
Property and equipment, net ....................................................... 715 668
Deferred taxes ....................................................................... 180 194
Goodwill ............................................................................. 271 136
Intangible assets, net ............................................................... 135 96
Other assets ......................................................................... 104 100
$3,237 $2,713
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable................................................................... $ 381 $ 234
Accrued liabilities .................................................................. 275 300
Liabilities of discontinued operations .............................................. 2 2
Current portion of repositioning and restructuring reserves......................... 1 1
Current portion of reserve for discontinued operations ............................. 7 8
Current portion of long-term debt and obligations under capital leases ............ 18 —
684 545
Long-term debt and obligations under capital leases .............................. 347 335
Other liabilities ..................................................................... 376 458
Total liabilities ...................................................................... 1,407 1,338
Shareholders’ equity ................................................................ 1,830 1,375
$3,237 $2,713
See Accompanying Notes to Consolidated Financial Statements.
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