Cabela's 2008 Annual Report Download - page 69

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64
CABELA’S INCORPORATED AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in Thousands Except Par Values)
ASSETS December 27,
2008 December 29,
2007
CURRENT
Cash and cash equivalents $ 410,104 $ 131,182
Accounts receivable, net of allowance for doubtful accounts of $556 and $1,851 45,788 46,857
Credit card loans, net of allowances of $1,507 and $1,197 167,226 191,893
Inventories 517,657 608,159
Prepaid expenses and other current assets 133,439 116,297
Total current assets 1,274,214 1,094,388
Property and equipment, net 881,080 904,052
Land held for sale or development 39,318 34,802
Retained interests in securitized loans 61,605 51,777
Economic development bonds 112,585 98,035
Other assets 27,264 29,776
Total assets $ 2,396,066 $ 2,212,830
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT
Accounts payable, including unpresented checks of $28,217 and $11,340 $ 189,766 $ 281,391
Gift certificates, and credit card and loyalty rewards programs 184,834 184,257
Accrued expenses 123,296 139,510
Time deposits 178,817 49,219
Short-term borrowings of financial services subsidiary - 100,000
Current maturities of long-term debt 695 26,785
Income taxes payable 11,689 34,341
Deferred income taxes 11,707 15,601
Total current liabilities 700,804 831,104
Long-term debt, less current maturities 379,336 376,600
Long-term time deposits 307,382 111,372
Deferred income taxes 38,707 31,113
Other long-term liabilities 56,132 34,082
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 – 66,833,984 and 65,888,384 shares 668 659
Class B Non-voting, Authorized – 245,000,000 shares; Issued – none - -
Additional paid-in capital 271,958 257,351
Retained earnings 647,676 571,272
Accumulated other comprehensive loss (6,597)(723)
Total stockholders’ equity 913,705 828,559
Total liabilities and stockholders’ equity $ 2,396,066 $ 2,212,830
Refer to notes to consolidated financial statements.