Petsmart 2000 Annual Report Download - page 35

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PAGE
Reports of Independent Auditors F-2, F-3
Cons olidated Balance Sheets as of January 30, 2000 and January 31,
1999 F-4
Consolidated Statements of Operations for the fiscal years ended
January 30, 2000, January 31, 1999 and February 1, 1998 F-5
Consolidated Statements of Stockholders’ Equity for the fiscal years
ended January 30, 2000, January 31, 1999 and February 1, 1998 F-6
Consolidated Statements of Cash Flows for the fiscal years ended
January 30, 2000, January 31, 1999 and February 1, 1998 F-7
Notes to Consolidated Financial Statements F-8
Schedule II — Valuation and Qualifying Accounts F-25
F-1
REPORT OF INDEPENDENT AUDITORS
To the Board of Directors and Stockholders of
PETsMART, Inc. and Subsidiaries
We have audited the accompanying consolidated balance sheet of PETsMART, Inc. and Subsidiaries (the
“Company”) as of January 30, 2000, and the related consolidated statements of operations, stockholders’
equity, and cash flows for the year then ended. Our audit also included the financial statement schedule listed in
the Index at Item 14(a)(2). These financial statements and financial statement schedule are the responsibility of
the C ompany’ s management. O ur responsibility is to express an opinion on these financial statements and
financial statement schedule based on our audit.
We conducted our audit in accordance with auditing standards generally accepted in the United States of
America. Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An audit includes examining, on a test basis,
evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the
accounting principles used and significant estimates made by management, as well as evaluating the overall
financial statement presentation. We believe that our audit provides a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the
consolidated financial position of the Company as of January 30, 2000, and the results of its operations and its
cash flows for the year then ended in conformity with accounting principles generally accepted in the United
States of America. Also, in our opinion, such financial statement schedule, when considered in relation to the
basic consolidated financial statements taken as a whole, present fairly in all material respects the information set
forth therein.
Deloitte & Touche LLP
Phoenix, Arizona
March 2, 2000 (Except Note 15, as to which the date is April 13, 2000)
9/16/2010 www.sec.gov/Archives/edgar/data/86…
sec.gov/…/0000950153-00-000575-d1.… 35/70