Petsmart 2014 Annual Report Download - page 71

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Table of Contents
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.
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