Staples 2013 Annual Report Download - page 134
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C-3
STAPLES, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(Dollar Amounts in Thousands, Except Share Data)
February 1, 2014 February 2, 2013
ASSETS
Current assets:
Cash and cash equivalents $ 492,532 $ 1,334,302
Receivables, net 1,838,714 1,815,586
Merchandise inventories, net 2,328,299 2,314,058
Deferred income tax assets 179,566 218,899
Prepaid expenses and other current assets 400,447 346,773
Current assets of discontinued operations — 170,819
Total current assets 5,239,558 6,200,437
Property and equipment:
Land and buildings 990,324 1,015,225
Leasehold improvements 1,306,987 1,300,258
Equipment 2,778,294 2,625,949
Furniture and fixtures 1,078,876 1,088,669
Total property and equipment 6,154,481 6,030,101
Less: Accumulated depreciation 4,283,762 4,066,926
Net property and equipment 1,870,719 1,963,175
Intangible assets, net of accumulated amortization 382,700 384,609
Goodwill 3,233,597 3,221,162
Other assets 448,302 510,622
Total assets $ 11,174,876 $ 12,280,005
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 1,997,494 $ 1,896,040
Accrued expenses and other current liabilities 1,266,974 1,405,752
Debt maturing within one year 103,982 987,161
Current liabilities of discontinued operations — 129,672
Total current liabilities 3,368,450 4,418,625
Long-term debt, net of current maturities 1,000,205 1,001,943
Other long-term obligations 665,386 723,343
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 and
outstanding 938,722,858 and 652,860,207 shares at February 1, 2014 and
932,246,614 shares and 669,182,785 shares at February 2, 2013, respectively 563 559
Additional paid-in capital 4,866,467 4,711,113
Accumulated other comprehensive loss (507,154)(388,773)
Retained earnings 7,001,755 6,694,207
Less: Treasury stock at cost, 285,862,651 shares at February 1, 2014 and
263,063,829 shares at February 2, 2013 (5,229,368)(4,888,953)
Total Staples, Inc. stockholders’ equity 6,132,263 6,128,153
Noncontrolling interests 8,572 7,941
Total stockholders’ equity 6,140,835 6,136,094
Total liabilities and stockholders’ equity $ 11,174,876 $ 12,280,005
See notes to consolidated financial statements.