Staples 2014 Annual Report Download - page 135

Download and view the complete annual report

Please find page 135 of the 2014 Staples annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 178

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178

STAPLES C-3
APPENDIX C
STAPLES, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(Dollar Amounts in Thousands, Except Share Data)
See notes to consolidated financial statements.
January 31, 2015 February 1, 2014
ASSETS
Current assets:
Cash and cash equivalents $627,174 $492,532
Receivables, net 1,927,781 1,838,714
Merchandise inventories, net 2,144,447 2,328,299
Deferred income tax assets 224,067 179,566
Prepaid expenses and other current assets 252,954 400,447
Total current assets 5,176,423 5,239,558
Property and equipment:
Land and buildings 947,999 990,324
Leasehold improvements 1,230,740 1,306,987
Equipment 2,824,877 2,778,294
Furniture and fixtures 1,015,737 1,078,876
Total property and equipment 6,019,353 6,154,481
Less: Accumulated depreciation 4,314,421 4,283,762
Net property and equipment 1,704,932 1,870,719
Intangible assets, net of accumulated amortization 335,017 382,700
Goodwill 2,680,029 3,233,597
Other assets 417,327 448,302
Total assets $10,313,728 $11,174,876
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $1,866,545 $1,997,494
Accrued expenses and other current liabilities 1,332,308 1,266,974
Debt maturing within one year 91,718 103,982
Total current liabilities 3,290,571 3,368,450
Long-term debt, net of current maturities 1,023,997 1,000,205
Other long-term obligations 685,795 665,386
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 941,561,541 and 640,320,352 shares at January 31, 2015 and
938,722,858 shares and 652,860,207 shares at February 1, 2014, respectively 565 563
Additional paid-in capital 4,935,415 4,866,467
Accumulated other comprehensive loss (1,041,195) (507,154)
Retained earnings 6,829,277 7,001,755
Less: Treasury stock at cost, 301,241,189 shares at January 31, 2015
and 285,862,651 shares at February 1, 2014 (5,419,003) (5,229,368)
Total Staples, Inc. stockholders’ equity 5,305,059 6,132,263
Noncontrolling interests 8,306 8,572
Total stockholders’ equity 5,313,365 6,140,835
Total liabilities and stockholders’ equity $10,313,728 $11,174,876