Urban Outfitters 2011 Annual Report Download - page 56

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URBAN OUTFITTERS, INC.
Consolidated Balance Sheets
(in thousands, except share and per share data)
January 31,
2011 2010
ASSETS
Current assets:
Cash and cash equivalents ................................... $ 340,257 $ 159,024
Marketable securities ....................................... 116,420 342,512
Accounts receivable, net of allowance for doubtful accounts of $1,015
and $1,284, respectively ................................... 36,502 38,405
Inventories ............................................... 229,561 186,130
Prepaid expenses and other current assets ....................... 66,886 67,865
Deferred taxes ............................................. 14,351 12,277
Total current assets ..................................... 803,977 806,213
Property and equipment, net ...................................... 586,346 539,961
Marketable securities ........................................... 351,988 243,445
Deferred income taxes and other assets ............................. 52,010 46,474
Total Assets .......................................... $1,794,321 $1,636,093
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable .......................................... $ 82,904 $ 78,041
Accrued compensation ...................................... 20,212 21,913
Accrued expenses and other current liabilities .................... 107,908 88,595
Total current liabilities .................................. 211,024 188,549
Deferred rent and other liabilities .................................. 171,749 150,769
Total Liabilities ....................................... 382,773 339,318
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,
164,413,427 and 168,558,371 issued and outstanding,
respectively ............................................. 17 17
Additional paid-in capital .................................... 27,603 184,620
Retained earnings .......................................... 1,394,190 1,121,232
Accumulated other comprehensive loss ......................... (10,262) (9,094)
Total Shareholders’ Equity ............................... 1,411,548 1,296,775
Total Liabilities and Shareholders’ Equity ................... $1,794,321 $1,636,093
The accompanying notes are an integral part of these consolidated financial statements.
F-3