Staples 2007 Annual Report Download - page 111

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STAPLES, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(Dollar Amounts in Thousands, Except Share Data)
February 2, February 3,
2008 2007
ASSETS
Current assets:
Cash and cash equivalents .............................................. $1,245,448 $ 1,017,671
Short-term investments ............................................... 27,016 457,759
Receivables, net .................................................... 822,254 720,797
Merchandise inventories, net ........................................... 2,053,163 1,919,714
Deferred income tax asset ............................................. 173,545 141,108
Prepaid expenses and other current assets ................................. 233,956 174,314
Total current assets ................................................ 4,555,382 4,431,363
Property and equipment:
Land and buildings .................................................. 859,751 791,264
Leasehold improvements .............................................. 1,135,132 996,434
Equipment ........................................................ 1,819,381 1,539,617
Furniture and fixtures ................................................ 871,361 757,408
Total property and equipment ........................................ 4,685,625 4,084,723
Less accumulated depreciation and amortization ............................. 2,524,486 2,110,602
Net property and equipment ......................................... 2,161,139 1,974,121
Lease acquisition costs, net of accumulated amortization ........................ 31,399 33,579
Intangible assets, net of accumulated amortization ............................ 231,310 232,383
Goodwill ........................................................... 1,764,928 1,455,113
Other assets ........................................................ 292,186 270,706
Total assets ...................................................... $9,036,344 $ 8,397,265
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ................................................... $1,560,728 $ 1,486,188
Accrued expenses and other current liabilities ............................... 1,025,364 1,087,030
Debt maturing within one year ......................................... 23,806 215,165
Total current liabilities ............................................. 2,609,898 2,788,383
Long-term debt ...................................................... 342,169 316,465
Other long-term obligations ............................................. 356,043 261,643
Minority interest ..................................................... 10,227 9,109
Stockholders’ Equity:
Preferred stock, $.01 par value, 5,000,000 shares authorized; no shares issued ........ — —
Common stock, $.0006 par value, 2,100,000,000 shares authorized; issued 867,366,103
shares at February 2, 2008 and 849,338,568 shares at February 3, 2007 ........... 520 510
Additional paid-in capital ............................................. 3,720,319 3,338,412
Cumulative foreign currency translation adjustments .......................... 476,399 189,115
Retained earnings ................................................... 4,793,542 4,005,424
Less: treasury stock at cost, 162,728,588 shares at February 2, 2008 and 130,605,591
shares at February 3, 2007 ........................................... (3,272,773) (2,511,796)
Total stockholders’ equity ........................................... 5,718,007 5,021,665
Total liabilities and stockholders’ equity ............................... $9,036,344 $ 8,397,265
See notes to consolidated financial statements.
C-3