Sprouts Farmers Market 2014 Annual Report Download - page 75
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SPROUTS FARMERS MARKET, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(IN THOUSANDS, EXCEPT SHARE AMOUNTS)
December 28,
2014
December 29,
2013
ASSETS
Current assets:
Cash and cash equivalents ....................................... $ 130,513 $ 77,652
Accounts receivable, net ......................................... 14,091 9,524
Inventories ..................................................... 142,793 118,256
Prepaid expenses and other current assets .......................... 11,152 8,049
Deferred income tax asset ........................................ 35,580 18,146
Total current assets ................................................. 334,129 231,627
Property and equipment, net of accumulated depreciation .................. 454,889 348,830
Intangible assets, net of accumulated amortization ........................ 194,176 195,467
Goodwill .......................................................... 368,078 368,078
Other assets ....................................................... 17,801 13,135
Deferred income tax asset ............................................ — 15,267
Total assets .................................................... $1,369,073 $1,172,404
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ............................................... $ 112,877 $ 111,159
Accrued salaries and benefits ..................................... 29,687 22,287
Other accrued liabilities .......................................... 41,394 32,958
Current portion of capital and financing lease obligations ............... 29,136 3,395
Current portion of long-term debt .................................. 7,746 5,822
Total current liabilities ............................................... 220,840 175,621
Long-term capital and financing lease obligations ......................... 121,562 116,177
Long-term debt ..................................................... 248,611 305,418
Other long-term liabilities ............................................. 74,071 61,417
Deferred income tax liability .......................................... 18,600 —
Total liabilities .................................................. 683,684 658,633
Commitments and contingencies (Note 20)
Stockholders’ equity:
Undesignated preferred stock; $0.001 par value; 10,000,000 shares
authorized, no shares issued and outstanding ...................... — —
Common stock, $0.001 par value; 200,000,000 shares authorized,
151,833,334 shares issued and outstanding, December 28, 2014;
147,616,560 shares issued and outstanding, December 29, 2013 ...... 152 147
Additional paid-in capital ......................................... 543,048 479,127
Retained earnings .............................................. 142,189 34,497
Total stockholders’ equity ............................................ 685,389 513,771
Total liabilities and stockholders’ equity ............................. $1,369,073 $1,172,404
The accompanying notes are an integral part of these consolidated financial statements.
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