Cabela's 2007 Annual Report Download - page 59

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53
CABELA’S INCORPORATED AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in Thousands Except Par Values)
December 29,
2007
December 30,
2006
ASSETS
CURRENT
Cash and cash equivalents ................................................. $ 131,182 $ 172,903
Accounts receivable, net of allowance for doubtful accounts of $1,851 and $1,932 .... 46,857 37,812
Credit card loans, net of allowances of $1,197 and $699 ......................... 191,893 152,683
Inventories ............................................................. 608,159 484,414
Prepaid expenses and other current assets ..................................... 116,297 106,409
Total current assets.................................................... 1,094,388 954,221
Property and equipment, net .................................................. 904,052 600,065
Land held for sale or development ............................................. 34,802 20,947
Retained interests in securitized loans .......................................... 51,777 39,033
Economic development bonds................................................. 98,035 117,360
Other assets ............................................................... 29,776 19,604
Total assets .......................................................... $ 2,212,830 $ 1,751,230
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT
Accounts payable, including unpresented checks of $11,340 in 2007 ............... $ 281,391 $ 239,285
Gift certificates, and credit card and loyalty rewards programs .................... 184,257 144,210
Accrued expenses........................................................ 139,510 133,399
Time deposits ........................................................... 49,219 33,401
Short-term borrowings of financial services subsidiary .......................... 100,000 6,491
Current maturities of long-term debt ......................................... 26,785 26,803
Income taxes payable..................................................... 34,341 17,267
Deferred income taxes .................................................... 15,601 17,978
Total current liabilities ................................................. 831,104 618,834
Long-term debt, less current maturities ......................................... 376,600 284,579
Long-term time deposits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 111,372 68,795
Deferred income taxes................................................... 31,113 30,440
Other long-term liabilities ................................................ 34,082 14,724
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Preferred stock, $0.01 par value; Authorized – 10,000,000 shares; Issued – none ...... — —
Common stock, $0.01 par value:
Class A Voting, Authorized – 245,000,000 shares; Issued – 65,888,384 and
59,556,431 shares.................................................. 659 596
Class B Non-voting, Authorized – 245,000,000 shares; Issued – none and
5,807,305 shares .................................................. — 58
Additional paid-in capital .................................................... 257,351 247,741
Retained earnings .......................................................... 571,272 485,148
Accumulated other comprehensive income (loss), net .............................. (723)315
Total stockholders’ equity .............................................. 828,559 733,858
Total liabilities and stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 2,212,830 $ 1,751,230
Refer to notes to consolidated financial statements.