Petsmart 2000 Annual Report Download - page 36

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F-2
REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Directors and Stockholders
of PETsMART, Inc. and Subsidiaries
In our opinion, the consolidated balance sheet as of January 31, 1999 and the related consolidated
statements of operations, stockholders’ equity and cash flows for each of the two years in the period ended
January 31, 1999 present fairly, in all material respects, the financial position, results of operations and cash flows
of PETsMART, Inc. and Subsidiaries at January 31, 1999 and for each of the two years in the period ended
January 31, 1999, in conformity with accounting principles generally accepted in the United States. In addition, in
our opinion, the financial statement schedule for each of the two years in the period ended January 31, 1999
presents fairly, in all material respects, the information set forth therein when read in conjunction with the related
consolidated financial statements. These financial statements and financial statement schedule are the
responsibility of the C ompany’ s management; our responsibility is to express an opinion on these financial
statements and financial statement schedule based on our audits. We conducted our audits of these statements in
accordance with auditing standards generally accepted in the United States, which 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, assessing the accounting principles used and significant estimates made by management,
and evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis
for the opinion expressed above. We have not audited the consolidated financial statements of PETsMART, Inc.
and Subsidiaries for any period subsequent to January 31, 1999.
PricewaterhouseCoopers LLP
Phoenix, Arizona
February 26, 1999
F-3
PETsMART, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
January 30, January 31,
2000 1999
(In thousands,
except par value)
Assets
Cash and cash equivalents $ 41,498 $ 153,336
Receivables, net (Notes 1, 2 and 11) 68,760 49,235
Merchandise inventories (Note 15) 377,298 336,058
9/16/2010 www.sec.gov/Archives/edgar/data/86…
sec.gov/…/0000950153-00-000575-d1.… 36/70