Staples 2003 Annual Report Download - page 91

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STAPLES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)
NOTE N Guarantor Subsidiaries (Continued)
CONDENSED CONSOLIDATING BALANCE SHEET
As of February 1, 2003
(in thousands)
Non-
Staples, Inc. Guarantor Guarantor
(Parent Co.) Subsidiaries Subsidiaries Eliminations Consolidated
Cash and cash equivalents ....................... $ 390,575 $ 57,519 $ 147,970 $ — $ 596,064
Merchandise inventories ........................ 483 1,082,069 472,653 — 1,555,205
Other current assets ........................... 100,812 95,535 369,860 — 566,207
Total current assets .......................... 491,870 1,235,123 990,483 — 2,717,476
Net property, equipment and other assets ............ 211,342 917,155 667,591 — 1,796,088
Goodwill, net of amortization ..................... 138,609 45,777 1,023,438 — 1,207,824
Investment in affiliates and intercompany ............. 2,609,156 2,095,127 2,052,675 (6,756,958) —
Total assets ................................ $3,450,977 $4,293,182 $4,734,187 $(6,756,958) $5,721,388
Total current liabilities .......................... $ 416,734 $1,091,799 $ 666,793 $ — $2,175,326
Total long-term liabilities ........................ 243,174 597,795 46,201 — 887,170
Intercompany ................................ 1,679,298 331,422 2,498,819 (4,509,539) —
Total stockholders’ equity ........................ 1,111,771 2,272,166 1,522,374 (2,247,419) 2,658,892
Total liabilities and stockholders’ equity ............ $3,450,977 $4,293,182 $4,734,187 $(6,756,958) $5,721,388
CONDENSED CONSOLIDATING BALANCE SHEET
As of February 2, 2002
(in thousands)
Non-
Staples, Inc. Guarantor Guarantor
(Parent Co.) Subsidiaries Subsidiaries Eliminations Consolidated
Cash and cash equivalents ....................... $ 226,342 $ 53,809 $ 114,673 $ — $ 394,824
Merchandise inventories ........................ (2,637) 1,089,877 372,552 — 1,459,792
Other current assets ........................... 111,691 146,543 289,977 — 548,211
Total current assets .......................... 335,396 1,290,229 777,202 — 2,402,827
Net property, equipment and other assets ............ 199,048 939,330 328,112 — 1,466,490
Goodwill, net of amortization ..................... 138,609 45,777 39,332 — 223,718
Investment in affiliates and intercompany ............. 1,328,427 1,399,598 1,051,238 (3,779,263) —
Total assets ................................ $2,001,480 $3,674,934 $2,195,884 $(3,779,263) $4,093,035
Total current liabilities .......................... $ 47,520 $1,105,233 $ 442,946 $ — $1,595,699
Total long-term liabilities ........................ 153,947 269,207 20,008 — 443,162
Intercompany ................................ 1,066,643 387,067 291,235 (1,744,945) —
Total stockholders’ equity ........................ 733,370 1,913,427 1,441,695 (2,034,318) 2,054,174
Total liabilities and stockholders’ equity ............ $2,001,480 $3,674,934 $2,195,884 $(3,779,263) $4,093,035
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