Restoration Hardware 2014 Annual Report Download - page 75

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Item 8. Financial Statements and Supplementary Data
RESTORATION HARDWARE HOLDINGS, INC.
CONSOLIDATED BALANCE SHEETS
(In thousands, except share amounts)
January 31,
2015
February 1,
2014
ASSETS
Current assets:
Cash and cash equivalents $ 148,934 $ 13,389
Short-term investments 62,168 —
Accounts receivable—net 25,965 22,028
Merchandise inventories 559,297 453,845
Current deferred tax assets 27,904 21,400
Prepaid expense and other current assets 87,976 103,153
Total current assets 912,244 613,815
Long-term investments 18,338 —
Property and equipment—net 390,844 214,909
Goodwill 124,424 122,424
Trademarks and domain names 47,863 47,410
Other intangible assets—net 691 1,298
Non-current deferred tax assets 8,689 16,980
Other non-current assets 22,906 8,267
Total assets $1,525,999 $1,025,103
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable and accrued expenses $ 235,159 $ 206,778
Deferred revenue and customer deposits 73,550 53,595
Current deferred tax liabilities 133 145
Other current liabilities 35,587 56,930
Total current liabilities 344,429 317,448
Convertible senior notes—net 284,388 —
Financing obligations under build-to-suit lease transactions 124,770 33,165
Revolving line of credit — 85,425
Deferred rent and lease incentives 40,552 37,727
Other non-current obligations 28,944 6,066
Total liabilities 823,083 479,831
Commitments and contingencies (Note 18) — —
Stockholders’ equity:
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized, no shares issued
or outstanding as of January 31, 2015 and February 1, 2014 — —
Common stock, $0.0001 par value per share, 180,000,000 shares authorized, 40,184,803
shares issued and 39,892,540 shares outstanding as of January 31, 2015; 39,165,117 shares
issued and 39,124,764 shares outstanding as of February 1, 2014 4 4
Additional paid-in capital 668,989 584,641
Accumulated other comprehensive income (loss) (502) 629
Retained earnings (accumulated deficit) 53,710 (37,292)
Treasury stock—at cost, 292,263 shares and 40,353 shares as of January 31, 2015 and
February 1, 2014, respectively (19,285) (2,710)
Total stockholders’ equity 702,916 545,272
Total liabilities and stockholders’ equity $1,525,999 $1,025,103
The accompanying notes are an integral part of these Consolidated Financial Statements.
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