Rue 21 2012 Annual Report Download - page 43

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rue21, inc.
Consolidated Balance Sheets
February 2,
2013
January 28,
2012
(in thousands, except per share data)
Assets
Current assets:
Cash and cash equivalents ............................................. $ 43,519 $ 41,960
Short term investments ............................................... 20,000 30,000
Accounts receivable .................................................. 10,555 6,675
Merchandise inventory, net ............................................ 157,269 131,136
Prepaid expenses and other current assets ................................. 13,905 11,767
Deferred tax assets ................................................... 5,910 5,121
Total current assets .................................................. 251,158 226,659
Property and equipment, net ........................................... 144,852 117,798
Other assets ........................................................ 3,499 3,565
Total assets ......................................................... $399,509 $348,022
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable .................................................... $108,760 $103,914
Accrued expenses and other current liabilities ............................. 24,202 16,570
Accrued payroll and related taxes ....................................... 8,932 12,045
Deferred rent and tenant allowances, current portion ........................ 10,228 8,652
Accrued income and franchise taxes ..................................... 126 1,068
Total current liabilities ................................................ 152,248 142,249
Long-term liabilities:
Deferred rent, tenant allowances and other long-term liabilities ................ 59,325 46,965
Deferred tax liabilities ................................................ 9,625 11,585
Total long-term liabilities ............................................. 68,950 58,550
Commitments and Contingencies ....................................... — —
Stockholders’ equity:
Preferred stock — par value $0.001 per share, 10,000 shares authorized; none
issued or outstanding ............................................... — —
Common stock — par value $0.001 per share; 200,000 shares authorized; 23,755
and 24,476 shares issued and outstanding, respectively .................... 25 24
Additional paid in capital .............................................. 50,281 37,696
Treasury stock, 939, and 0 shares, respectively ............................. (25,399) —
Retained earnings .................................................... 153,404 109,503
Total stockholder’s equity ............................................. 178,311 147,223
Total liabilities and stockholders’ equity .................................. $399,509 $348,022
See accompanying notes to the consolidated financial statements.
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