Ross 2006 Annual Report Download - page 45

Download and view the complete annual report

Please find page 45 of the 2006 Ross annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 80

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80

27
Consolidated Balance Sheets
($000, except share data) February 3, 2007 January 28, 2006
Assets
Current Assets
Cash and cash equivalents $ 367,388 $ 191,767
Short-term investments 5,247 12,763
Accounts receivable 30,105 29,122
Merchandise inventory 1,051,729 938,091
Prepaid expenses and other 44,245 37,090
Deferred income taxes 16,242 20,014
Total current assets 1,514,956 1,228,847
Property and Equipment
Land and buildings 134,804 74,298
Fixtures and equipment 859,750 740,540
Leasehold improvements 402,921 376,411
Construction-in-progress 22,681 21,266
1,420,156 1,212,515
Less accumulated depreciation and amortization 671,923 572,663
Property and equipment, net 748,233 639,852
Long-term investments 31,136 11,202
Other long-term assets 64,266 58,837
Total assets $ 2,358,591 $ 1,938,738
Liabilities and Stockholders’ Equity
Current Liabilities
Accounts payable $ 698,063 $ 474,614
Accrued expenses and other 206,516 200,723
Accrued payroll and benefits 145,101 128,060
Income taxes payable 33,577 25,586
Short-term debt − 50,000
Total current liabilities 1,083,257 878,983
Long-term debt 150,000 −
Other long-term liabilities 129,303 122,926
Deferred income taxes 86,201 100,657
Commitments and contingencies
Stockholders’ Equity
Common stock, par value $.01 per share
Authorized 600,000,000 shares
Issued and outstanding 139,356,000 and
144,112,000 shares, respectively 1,402 1,448
Additional paid-in capital 545,702 522,566
Treasury stock (22,031) (18,244)
Deferred compensation – (29,375)
Accumulated other comprehensive income (loss) (163) 20
Retained earnings 384,920 359,757
Total stockholders’ equity 909,830 836,172
Total liabilities and stockholders’ equity $ 2,358,591 $ 1,938,738
The accompanying notes are an integral part of these consolidated financial statements.