Urban Outfitters 2009 Annual Report Download - page 51

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URBAN OUTFITTERS, INC.
Consolidated Balance Sheets
(in thousands, except share and per share data)
January 31,
2009 2008
ASSETS
Current assets:
Cash and cash equivalents ................................... $ 316,035 $ 105,271
Marketable securities ....................................... 49,948 80,127
Accounts receivable, net of allowance for doubtful accounts of $1,229
and $966, respectively .................................... 36,390 26,365
Inventories ............................................... 169,698 171,925
Prepaid expenses and other current assets ....................... 46,412 46,238
Deferred taxes ............................................. 5,919 3,684
Total current assets ..................................... 624,402 433,610
Property and equipment, net ...................................... 505,407 488,889
Marketable securities ........................................... 155,226 188,252
Deferred income taxes and other assets ............................. 43,974 32,040
Total Assets .................................................. $1,329,009 $1,142,791
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable .......................................... $ 62,955 $ 74,020
Accrued compensation ...................................... 11,975 10,128
Accrued expenses and other current liabilities .................... 66,220 83,230
Total current liabilities .................................. 141,150 167,378
Deferred rent and other liabilities .................................. 134,084 121,982
Total Liabilities ....................................... 275,234 289,360
Commitments and contingencies (see Note 11)
Shareholders’ equity:
Preferred shares; $.0001 par value, 10,000,000 shares authorized, none
issued ................................................. — —
Common shares; $.0001 par value, 200,000,000 shares authorized,
167,712,088 and 166,104,615 issued and outstanding,
respectively ............................................. 17 17
Additional paid-in capital .................................... 170,166 144,204
Retained earnings .......................................... 901,339 701,975
Accumulated other comprehensive (loss) income ................. (17,747) 7,235
Total Shareholders’ Equity ............................... 1,053,775 853,431
Total Liabilities and Shareholders’ Equity ................... $1,329,009 $1,142,791
The accompanying notes are an integral part of these consolidated financial statements.
F-3