Neiman Marcus 2006 Annual Report Download - page 101

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NEIMAN MARCUS, INC.
CONSOLIDATED BALANCE SHEETS
(Successor) (Successor)
(in thousands, except shares)
July 28,
2007
July 29,
2006
ASSETS
Current assets:
Cash and cash equivalents $ 141,207 $ 223,740
Merchandise inventories 918,269 793,621
Deferred income taxes 39,728 31,503
Other current assets 115,765 70,375
Current assets of discontinued operations — 16,617
Total current assets 1,214,969 1,135,856
Property and Equipment:
Land, buildings and improvements 756,100 685,123
Fixtures and equipment 460,826 378,074
Construction in progress 70,203 74,032
1,287,129 1,137,229
Less accumulated depreciation and amortization 243,418 106,950
Property and equipment, net 1,043,711 1,030,279
Customer lists, net 477,245 531,632
Favorable lease commitments, net 447,319 465,197
Tradenames 1,610,315 1,621,788
Goodwill 1,605,140 1,605,140
Debt issuance costs 84,844 97,537
Other assets 17,456 27,786
Non-current assets of discontinued operations — 92,746
Total assets $ 6,500,999 $ 6,607,961
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 361,299 $ 300,439
Accrued liabilities 403,162 377,968
Other current liabilities 3,426 3,887
Current liabilities of discontinued operations — 16,764
Total current liabilities 767,887 699,058
Long-term liabilities:
Senior secured term loan facility 1,625,000 1,875,000
Senior debentures due 2028 120,906 120,711
Senior notes 700,000 700,000
Senior subordinated notes 500,000 500,000
Deferred real estate credits, net 54,068 27,316
Deferred income taxes 1,002,982 1,048,925
Other long-term liabilities 172,144 190,195
Non-current liabilities of discontinued operations — 12,775
Total long-term liabilities 4,175,100 4,474,922
Minority interest in discontinued operations — 6,314
Common stock (par value $0.01 per share, 1,012,919 shares issued at July 28, 2007 and 1,012,264
shares issued at July 29, 2006) 10 10
Additional paid-in capital 1,412,386 1,405,373
Accumulated other comprehensive income 21,229 9,829
Retained earnings 124,387 12,455
Total shareholders' equity 1,558,012 1,427,667