Whole Foods 2007 Annual Report Download - page 47

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Whole Foods Market, Inc.
Consolidated Balance Sheets
(In thousands)
September 30, 2007 and September 24, 2006
Assets 2007 2006
Current assets:
Cash and cash equivalents $ - $ 2,252
Short-term investments – available-for-sale securities - 193,847
Restricted cash 2,310 60,065
Accounts receivable 105,209 82,137
Proceeds receivable for divestiture 165,054 -
Merchandise inventories 288,112 203,727
Prepaid expenses and other current assets 40,402 33,804
Deferred income taxes 66,899 48,149
Total current assets 667,986 623,981
Property and equipment, net of accumulated depreciation and amortization 1,666,559 1,236,133
Goodwill 668,850 113,494
Intangible assets, net of accumulated amortization 97,683 34,767
Deferred income taxes 104,877 29,412
Other assets 7,173 5,209
Total assets $ 3,213,128 $ 2,042,996
Liabilities and Shareholders’ Equity 2007 2006
Current liabilities:
Current installments of long-term debt and capital lease obligations $ 24,781 $ 49
Accounts payable 225,728 121,857
Accrued payroll, bonus and other benefits due team members 181,290 153,014
Dividends payable 25,060 -
Other current liabilities 327,657 234,850
Total current liabilities 784,516 509,770
Long-term debt and capital lease obligations, less current installments 736,087 8,606
Deferred lease liabilities 152,552 120,421
Other long-term liabilities 81,169 56
Total liabilities 1,754,324 638,853
Shareholders’ equity:
Common stock, no par value, 300,000 shares authorized;
143,787 and 142,198 shares issued, 139,240 and 139,607
shares outstanding in 2007 and 2006, respectively 1,232,845 1,147,872
Common stock in treasury, at cost (199,961) (99,964)
Accumulated other comprehensive income 15,722 6,975
Retained earnings 410,198 349,260
Total shareholders’ equity 1,458,804 1,404,143
Commitments and contingencies
Total liabilities and shareholders’ equity $ 3,213,128 $ 2,042,996
The accompanying notes are an integral part of these consolidated financial statements.