Restoration Hardware 2012 Annual Report Download - page 133

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Item 8. Financial Statements and Supplementary Data
RESTORATION HARDWARE HOLDINGS, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share amounts)
February 2,
2013
January 28,
2012
ASSETS
Current assets:
Cash and cash equivalents $ 8,354 $ 8,512
Accounts receivable—net 17,040 11,759
Merchandise inventories 353,329 245,876
Current deferred tax assets 37,006 4,161
Prepaid expense and other current assets 77,029 52,570
Total current assets 492,758 322,878
Property and equipment—net 111,406 83,558
Goodwill 122,601 122,595
Trademarks 47,410 47,100
Other intangible assets—net 2,713 5,426
Non-current deferred tax assets 6,873 —
Other assets 5,852 5,253
Total assets $789,613 $586,810
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses $145,353 $105,694
Deferred revenue and customer deposits 41,643 25,419
Other current liabilities 32,428 30,861
Total current liabilities 219,424 161,974
Revolving line of credit 82,501 107,502
Term loan — 14,798
Deferred rent and lease incentives 30,784 19,851
Deferred tax liabilities — 22,153
Other long-term obligations 5,293 10,069
Total liabilities 338,002 336,347
Commitments and contingencies (See Note 15 to the consolidated financial statements) — —
Stockholders’ equity:
Common stock, $0.0001 par value per share, 180,000,000 shares authorized,
38,856,251 shares issued and 37,967,635 shares outstanding as of February 2,
2013; zero par value, 1,000 shares authorized, 1,000 shares issued and
outstanding as of January 28, 2012 4—
Additional paid-in capital 505,883 292,011
Accumulated other comprehensive income 1,211 1,150
Accumulated deficit (55,487) (42,698)
Total stockholders’ equity 451,611 250,463
Total liabilities and stockholders’ equity $789,613 $586,810
The accompanying notes are an integral part of these Consolidated Financial Statements.
77
Form 10-K