Petsmart 2013 Annual Report Download - page 55

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F-3
PetSmart, Inc. and Subsidiaries
Consolidated Balance Sheets
(In thousands, except par value)
February 2,
2014
February 3,
2013
ASSETS
Cash and cash equivalents ................................................................................. $ 285,622 $ 335,155
Short-term investments ...................................................................................... — 9,150
Restricted cash ................................................................................................... 71,226 71,916
Receivables, net ................................................................................................. 72,685 72,198
Merchandise inventories .................................................................................... 740,302 679,090
Deferred income taxes ....................................................................................... 71,945 62,859
Prepaid expenses and other current assets ......................................................... 76,463 86,768
Total current assets .......................................................................................... 1,318,243 1,317,136
Property and equipment, net .............................................................................. 952,955 985,707
Equity investment in Banfield ........................................................................... 33,577 39,934
Deferred income taxes ....................................................................................... 110,408 102,992
Goodwill ............................................................................................................ 41,140 44,242
Other noncurrent assets...................................................................................... 65,645 46,970
Total assets....................................................................................................... $ 2,521,968 $ 2,536,981
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable and bank overdraft................................................................ $ 255,251 $ 202,122
Accrued payroll, bonus, and employee benefits ................................................ 160,008 176,082
Accrued occupancy expenses and deferred rents............................................... 81,867 70,671
Current maturities of capital lease obligations................................................... 66,887 61,581
Other current liabilities ...................................................................................... 230,332 244,436
Total current liabilities..................................................................................... 794,345 754,892
Capital lease obligations .................................................................................... 451,597 464,578
Deferred rents..................................................................................................... 65,932 73,855
Other noncurrent liabilities ................................................................................ 116,312 120,064
Total liabilities................................................................................................. 1,428,186 1,413,389
Commitments and contingencies
Stockholders’ equity:
Preferred stock; $.0001 par value; 10,000 shares authorized, none issued
and outstanding................................................................................................ ——
Common stock; $.0001 par value; 625,000 shares authorized, 169,178 and
167,209 shares issued ...................................................................................... 17 17
Additional paid-in capital ................................................................................ 1,515,333 1,418,411
Retained earnings ............................................................................................ 2,173,005 1,827,996
Accumulated other comprehensive (loss) income........................................... (2,159) 5,506
Less: Treasury stock, at cost, 68,520 and 61,879 shares................................. (2,592,414)(2,128,338)
Total stockholders’ equity............................................................................. 1,093,782 1,123,592
Total liabilities and stockholders’ equity....................................................... $ 2,521,968 $ 2,536,981
The accompanying notes are an integral part of these consolidated financial statements.