Staples 2006 Annual Report Download - page 128

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STAPLES, INC. AND SUBSIDIARIES
Notes To Consolidated Financial Statements (Continued)
C-24
NOTE L Guarantor Subsidiaries (Continued)
Condensed Consolidating Balance Sheet
As of February 3, 2007
(in thousands)
Non-
Staples, Inc. Guarantor Guarantor
(Parent Co.) Subsidiaries Subsidiaries Eliminations Consolidated
Cash and cash equivalents...................... $ 476,549 $ 49,687 $ 491,435 $ — 1,017,671
Short-term investments........................ 457,759 — — — 457,759
Merchandise inventories....................... — 1,203,498 716,216 — 1,919,714
Other current assets. . . ........................ 122,172 457,068 456,979 — 1,036,219
Total current assets ......................... 1,056,480 1,710,253 1,664,630 — 4,431,363
Net property, equipment and other assets........ 460,678 1,156,073 894,038 — 2,510,789
Goodwill, net of amortization .................. 175,625 110,140 1,169,348 — 1,455,113
Investment in affiliates and intercompany, net . . . . (892,119) 3,067,979 2,822,520 (4,998,380 ) —
Total assets ................................ 800,664 6,044,445 6,550,536 (4,998,380 ) 8,397,265
Total current liabilities ........................ 416,459 1,378,130 993,794 — 2,788,383
Total long-term liabilities...................... 34,412 416,607 127,089 — 578,108
Minority interest.............................. — — 9,109 — 9,109
Total stockholders’ equity...................... 349,793 4,249,708 5,420,544 (4,998,380 ) 5,021,665
Total liabilities and stockholders’ equity....... 800,664 6,044,445 6,550,536 (4,998,380 ) 8,397,265
Condensed Consolidating Balance Sheet
As of January 28, 2006
(in thousands)
Non-
Staples, Inc. Guarantor Guarantor
(Parent Co.) Subsidiaries Subsidiaries Eliminations Consolidated
Cash and cash equivalents.................... $ 479,704 $ 49,390 $ 448,728 $ — $ 977,822
Short-term investments...................... 593,082 — — — 593,082
Merchandise inventories..................... — 1,048,654 657,718 — 1,706,372
Other current assets. . . ...................... 138,792 325,075 403,401 — 867,268
Total current assets ....................... 1,211,578 1,423,119 1,509,847 — 4,144,544
Net property, equipment and other assets...... 353,275 989,490 866,659 — 2,209,424
Goodwill, net of amortization ................ 173,029 96,737 1,108,986 — 1,378,752
Investment in affiliates and intercompany, net . . (356,423) 2,678,919 1,445,313 (3,767,809 ) —
Total assets .............................. $ 1,381,459 $ 5,188,265 $ 4,930,805 $ (3,767,809 ) $ 7,732,720
Total current liabilities ...................... $ 280,730 $ 1,266,571 $ 932,606 — $ 2,479,907
Total long-term liabilities.................... 30,781 608,371 127,725 — 766,877
Minority interest............................ — — 4,335 — 4,335
Total stockholders’ equity.................... 1,069,948 3,313,323 3,866,139 (3,767,809 ) 4,481,601
Total liabilities and stockholders’ equity..... $ 1,381,459 $ 5,188,265 $ 4,930,805 $ (3,767,809 ) $ 7,732,720