Whole Foods 2010 Annual Report Download - page 38

Download and view the complete annual report

Please find page 38 of the 2010 Whole Foods 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 68

  • 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

32
Whole Foods Market, Inc.
Consolidated Balance Sheets
(In thousands)
September 26, 2010 and September 27, 2009
Assets 2010 2009
Current assets:
Cash and cash equivalents $ 131,996 $ 430,130
Short-term investments – available-for-sale securities 329,738 -
Restricted cash 86,802 71,023
Accounts receivable 133,346 104,731
Merchandise inventories 323,487 310,602
Prepaid expenses and other current assets 54,686 51,137
Deferred income taxes 101,464 87,757
Total current assets 1,161,519 1,055,380
Property and equipment, net of accumulated depreciation and amortization 1,886,130 1,897,853
Long-term investments – available-for-sale securities 96,146 -
Goodwill 665,224 658,254
Intangible assets, net of accumulated amortization 69,064 73,035
Deferred income taxes 99,156 91,000
Other assets 9,301 7,866
Total assets $ 3,986,540 $ 3,783,388
Liabilities and Shareholders’ Equity
Current liabilities:
Current installments of long-term debt and capital lease obligations $ 410 $ 389
Accounts payable 213,212 189,597
Accrued payroll, bonus and other benefits due team members 244,427 207,983
Dividends payable - 8,217
Other current liabilities 289,823 277,838
Total current liabilities 747,872 684,024
Long-term debt and capital lease obligations, less current installments 508,288 738,848
Deferred lease liabilities 294,291 250,326
Other long-term liabilities 62,831 69,262
Total liabilities 1,613,282 1,742,460
Series A redeemable preferred stock, $0.01 par value, 425 shares authorized;
zero and 425 shares issued and outstanding at 2010 and 2009, respectively - 413,052
Shareholders’ equity:
Common stock, no par value, 300,000 shares authorized;
172,033 and 140,542 shares issued and outstanding
at 2010 and 2009, respectively 1,773,897 1,283,028
Accumulated other comprehensive income (loss) 791 (13,367)
Retained earnings 598,570 358,215
Total shareholders’ equity 2,373,258 1,627,876
Commitments and contingencies
Total liabilities and shareholders’ equity $ 3,986,540 $ 3,783,388
The accompanying notes are an integral part of these consolidated financial statements.