Foot Locker 2010 Annual Report Download - page 53

Download and view the complete annual report

Please find page 53 of the 2010 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 104

  • 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

CONSOLIDATED BALANCE SHEETS
2010 2009
(in millions)
ASSETS
Current assets
Cash and cash equivalents ....................................... $ 696 $ 582
Short-term investments ......................................... — 7
Merchandise inventories......................................... 1,059 1,037
Other current assets ........................................... 179 146
1,934 1,772
Property and equipment, net ...................................... 386 387
Deferred taxes ................................................ 296 362
Goodwill .................................................... 145 145
Other intangible assets, net ....................................... 72 99
Other assets .................................................. 63 51
$2,896 $2,816
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Accounts payable ............................................. $ 223 $ 215
Accrued and other liabilities ...................................... 266 218
489 433
Long-term debt................................................ 137 138
Other liabilities ............................................... 245 297
Total liabilities ................................................ 871 868
Shareholders’ equity ............................................ 2,025 1,948
$2,896 $2,816
See Accompanying Notes to Consolidated Financial Statements.
34