284Packet2006

284Packet2006 - Pacific Sunwear of California, Inc. / F-3...

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Pacifc Sunwear oF CaliFornia, Inc. / F-3 Pacifc Sunwear o± Cali±ornia, Inc. Consolidated Balance Sheets (in thousands, except per share amounts) January 29, 2005 January 31, 2004 (as restated, see Note 2) ASSETS CURRENT ASSETS: Cash and cash equivalents $ 64,308 $ 109,640 Short-term investments 79,223 66,235 Accounts receivable 8,129 5,194 Merchandise inventories 175,081 147,751 Prepaid expenses, includes $12,476 and $10,711 of prepaid rent, respectively 19,943 16,492 Deferred income taxes 6,134 8,225 Total current assets 352,818 353,537 PROPERTY AND EQUIPMENT: Land 12,156 12,156 Buildings and building improvements 26,707 26,686 Leasehold improvements 258,739 217,251 Furniture, ±xtures and equipment 206,143 173,550 Total property and equipment 503,745 429,643 Less accumulated depreciation and amortization (199,523) (156,774) Net property and equipment 304,222 272,869 OTHER ASSETS: Goodwill 6,492 6,492 Deferred compensation and other assets 14,246 11,589 Total other assets 20,738 18,081 TOTAL ASSETS $ 677,778 $ 644,487 LIABILITIES AND SHAREHOLDERS’ EQUITY CURRENT LIABILITIES: Accounts payable $ 38,753 $ 38,668 Accrued liabilities 49,028 54,966 Current portion of capital lease obligations 1,308 1,008 Current portion of long-term debt 228 878 Income taxes payable 5,993 15,019 Total current liabilities 95,310 110,539 LONG-TERM LIABILITIES: Long-term debt, net of current portion 228 Long-term capital lease obligations, net of current portion 403 1,227 Deferred lease incentives 67,683 56,996 Deferred rent 26,826 24,325 Deferred compensation 13,298 10,925 Deferred income taxes 16,132 11,515 Other long-term liabilities 92 Total long-term liabilities 124,434 105,216 Commitments and contingencies (Note 7) SHAREHOLDERS’ EQUITY: Preferred stock, $.01 par value; 5,000,000 shares authorized; none issued Common stock, $.01 par value; 170,859,375 shares authorized; 74,916,773 and 78,351,302 shares issued and outstanding, respectively 749 784 Additional paid-in capital 61,310 138,877 Retained earnings 395,975 289,071 Total shareholders’ equity 458,034 428,732 TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 677,778 $ 644,487 See notes to consolidated ±nancial statements
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F-4 / Pacifc Sunwear oF CaliFornia, Inc. Pacifc Sunwear o± Cali±ornia, Inc.
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This note was uploaded on 09/23/2009 for the course ACCT 284 taught by Professor Clem during the Spring '08 term at Iowa State.

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284Packet2006 - Pacific Sunwear of California, Inc. / F-3...

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