Neiman Marcus 2008 Annual Report Download - page 93

Table of Contents
NEIMAN MARCUS, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except shares)
August 1,
2009
August 2,
2008
ASSETS
Current assets:
Cash and cash equivalents $ 323,425 $ 239,180
Merchandise inventories 755,034 978,044
Deferred income taxes 19,136 32,659
Other current assets 123,932 113,776
Total current assets 1,221,527 1,363,659
Property and equipment, net 992,715 1,075,294
Customer lists, net 368,660 422,931
Favorable lease commitments, net 411,564 429,441
Tradenames 1,235,290 1,579,054
Goodwill 1,263,433 1,611,191
Other assets 87,837 75,249
Total assets $ 5,581,026 $ 6,556,819
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities:
Accounts payable $ 233,990 $ 345,640
Accrued liabilities 302,886 361,094
Current maturities of long-term liabilities 26,617 —
Total current liabilities 563,493 706,734
Long-term liabilities:
Long-term debt 2,954,221 2,946,102
Deferred real estate credits 96,420 84,019
Deferred income taxes 697,810 929,970
Other long-term liabilities 350,247 213,475
Total long-term liabilities 4,098,698 4,173,566
Common stock (par value $0.01 per share, 5,000,000 shares authorized and 1,013,082 shares
issued and outstanding at August 1, 2009 and 1,012,919 shares issued and outstanding at
August 2, 2008) 10 10
Additional paid-in capital 1,424,258 1,418,473
Accumulated other comprehensive loss (104,587 ) (9,164 )
Retained (deficit) earnings (400,846 )267,200
Total shareholders' equity 918,835 1,676,519
Total liabilities and shareholders' equity $ 5,581,026 $ 6,556,819
See Notes to Consolidated Financial Statements.
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