Cabela's 2010 Annual Report Download - page 78

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68
CABELA’S INCORPORATED AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(Dollars in Thousands Except Par Values)
January 1,
2011 January 2,
2010
ASSETS
CURRENT
Cash and cash equivalents $ 136,419 $582,185
Restricted cash of the Trust 18,575 -
Accounts receivable, net of allowance for doubtful accounts of $3,416 and $1,364 47,218 31,925
Credit card loans, net of allowances of $1,374 - 135,935
Credit card loans (includes restricted credit card loans of the Trust of $2,775,768),
net of allowance for loan losses of $90,900 2,709,312 -
Inventories 509,097 440,134
Prepaid expenses and other current assets 123,304 150,913
Deferred income taxes 2,136 -
Total current assets 3,546,061 1,341,092
Property and equipment, net 817,947 811,765
Land held for sale or development 21,816 30,772
Retained interests in securitized loans, including asset-backed securities - 176,034
Economic development bonds 104,231 108,491
Deferred income taxes 12,786 -
Other assets 28,338 23,731
Total assets $ 4,531,179 $2,491,885
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT
Accounts payable, including unpresented checks of $27,227 and $44,394 $ 214,757 $215,229
Gift instruments, and credit card and loyalty rewards programs 202,541 183,915
Accrued expenses 138,510 145,797
Time deposits 148,619 120,384
Current maturities of secured variable funding obligations of the Trust 393,000 -
Current maturities of secured long-term obligations of the Trust 698,400 -
Current maturities of long-term debt 230 3,101
Income taxes payable 2,880 27,446
Deferred income taxes - 25,866
Total current liabilities 1,798,937 721,738
Long-term time deposits 364,132 356,280
Secured long-term obligations of the Trust, less current maturities 892,500 -
Long-term debt, less current maturities 344,922 345,178
Deferred income taxes - 20,824
Other long-term liabilities 106,140 63,444
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 – 68,156,154 and 67,287,575 shares 681 673
Class B Non-voting, Authorized – 245,000,000 shares; Issued – none - -
Additional paid-in capital 306,149 285,490
Retained earnings 720,294 697,293
Accumulated other comprehensive income (loss) (2,576)965
Total stockholders’ equity 1,024,548 984,421
Total liabilities and stockholders’ equity $ 4,531,179 $2,491,885
Refer to notes to consolidated financial statements.