Foot Locker 2005 Annual Report Download - page 42

Download and view the complete annual report

Please find page 42 of the 2005 Foot Locker annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 133

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133

CONSOLIDATED BALANCE SHEETS
2005 2004
(in millions)
ASSETS
Current assets
Cash and cash equivalents ......................................................... $ 289 $ 225
Short-term investments ............................................................ 298 267
Total cash, cash equivalents and short-term investments .......................... 587 492
Merchandise inventories ........................................................... 1,254 1,151
Other current assets ............................................................... 173 189
2,014 1,832
Property and equipment, net ....................................................... 675 715
Deferred taxes ...................................................................... 147 180
Goodwill ............................................................................. 263 271
Intangible assets, net ............................................................... 117 135
Other assets ......................................................................... 96 104
$3,312 $3,237
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable .................................................................. $ 361 $ 381
Accrued and other liabilities ....................................................... 305 285
Current portion of long-term debt and obligations under capital leases ............ 51 18
717 684
Long-term debt and obligations under capital leases .............................. 275 347
Other liabilities ..................................................................... 293 376
Total liabilities ...................................................................... 1,285 1,407
Shareholders’ equity ................................................................ 2,027 1,830
$3,312 $3,237
See Accompanying Notes to Consolidated Financial Statements.
26