Cabela's 2005 Annual Report Download - page 76

CABELA’S INCORPORATED AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollar Amounts in Thousands Except Share and Per Share Amounts)
December 31,
2005
January 1,
2005
ASSETS
CURRENT ASSETS:
Cash and cash equivalents ................................................................. $ 86,923 $ 248,184
Accounts receivable, net of allowance for doubtful accounts of $1,404 at December 31, 2005 and $1,483 at
January 1, 2005 ....................................................................... 35,342 33,524
Credit card loans held for sale (Note 2) ....................................................... 77,690 64,019
Credit card loans receivable, net of allowance of $536 at December 31, 2005 and $65 at January 1, 2005
(Note 2) ............................................................................. 11,968 5,209
Inventories ............................................................................. 396,635 313,002
Prepaid expenses and deferred catalog costs ................................................... 42,725 31,294
Deferred income taxes (Note 10) ........................................................... — 2,240
Other current assets ...................................................................... 42,744 31,015
Total current assets ................................................................ 694,027 728,487
PROPERTY AND EQUIPMENT, NET (Note 3) ................................................ 459,622 294,141
OTHER ASSETS:
Intangible assets, net (Note 4) .............................................................. 3,617 4,555
Land held for sale or development .......................................................... 12,599 18,153
Retained interests in securitized loans (Note 2) ................................................ 34,465 28,723
Marketable securities (Note 5) ............................................................. 145,744 145,587
Investment in equity method investee ........................................................ 355 830
Other ................................................................................. 15,851 7,755
Total other assets .................................................................. 212,631 205,603
Total assets ...................................................................... $1,366,280 $1,228,231
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES:
Accounts payable ....................................................................... $ 162,305 $ 100,826
Unpresented checks net of bank balance ...................................................... 21,652 34,653
Accrued expenses and other liabilities ....................................................... 55,941 50,264
Gift certificates and credit card reward points (Note 1) .......................................... 121,120 97,242
Accrued employee compensation and benefits ................................................. 60,247 54,925
Time deposits (Note 6) ................................................................... 62,683 48,953
Current maturities of long-term debt (Note 8) ................................................. 29,049 28,327
Income taxes payable .................................................................... 31,477 38,551
Deferred income taxes (Note 10) ........................................................... 3,994 —
Total current liabilities ............................................................. 548,468 453,741
LONG-TERM LIABILITIES:
Long-term debt, less current maturities (Note 8) ............................................... 90,777 119,825
Long-term time deposits (Note 6) ........................................................... 46,805 51,706
Deferred compensation ................................................................... 7,169 8,614
Deferred grant income .................................................................... 13,018 11,366
Deferred income taxes (Note 10) ........................................................... 20,190 16,625
Total long-term liabilities ........................................................... 177,959 208,136
COMMITMENTS AND CONTINGENCIES (Notes 7, 12, 14 and 19)
STOCKHOLDERS’ EQUITY: (Notes 15 and 17)
Common stock, $0.01 par value:
Class A Voting, 245,000,000 shares authorized; 56,691,249 and 56,494,975 shares issued and
outstanding at December 31, 2005 and January 1, 2005, respectively ....................... 568 566
Class B Non-voting, 245,000,000 shares authorized; 8,073,205 and 8,073,205 shares issued and
outstanding at December 31, 2005 and January 1, 2005, respectively ....................... 80 80
Preferred stock, 10,000,000 shares authorized, no shares issued or outstanding ....................... — —
Additional paid-in capital ................................................................. 239,868 236,198
Retained earnings ....................................................................... 399,363 326,794
Accumulated other comprehensive income (loss) ............................................... (26) 2,716
Total stockholders’ equity ........................................................... 639,853 566,354
Total liabilities and stockholders’ equity ............................................... $1,366,280 $1,228,231
See notes to consolidated financial statements.
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