Student Name:
Class:
=
+
Short-term Notes ST Notes LT Notes Common Additional Retained
Cash Investments Receivable Land Building Equipment Payable Payable Stock Pd-In Capital Earnings
Beg. 50,000 500,000 100,000 50,000
=
100,000 100,000
+
20,000 80,000 400,000
(a) 90,000 =
+
9,000 81,000
(b) (9,000) 14,000 60,000 15,000
=
80,000
+
(c) 3,500 (3,500) = +
(d) (18,000) 18,000 = +
(e) No effect = +
(f) (5,000) 5,000 = +
111,500 18,000 5,000 510,500 160,000 65,000
=
100,000 180,000
+
29,000 161,000 400,000
Totals
=
+
(a) 870,000$ <–Correct!
(b) 280,000$ <–Correct!
(c) 590,000$ <–Correct!
(d) 111,500$ <–Correct!
(e) 134,500$ <–Correct!
East Hill Home Healthcare Services was organized as a corporation. Only a corporation
issues shares of capital stock to its owners in exchange for their investment, as in transaction
(a).
Correct!
Correct!
The transaction between the two stockholders (Event e) was not included in the tabulation.
Since the transaction in (e) occurs between the owners, there is no effect on the business
due to the separate-entity assumption.
Stockholders’ Equity
$870,000
$590,000
Liabilities
$280,000
Problem 02-02
Requirement 2:
Requirement 1:
Correct!
McGraw-Hill/Irwin
Instructor
Total current assets
Cash balance
Total stockholders’ equity
Total liabilities
Total assets
Assets
Requirement 3:
Requirement 4:
EAST HILL HOME HEALTHCARE SERVICES
10,000$
8,000
1.00$
50,000
500,000
50,000
100,000
700,000
100,000
100,000
20,000
80,000
400,000
500,000
90,000$
60,000
15,000
14,000
9,000
80,000
3,500
18,000
3,000
5,000
Common stock
Total stockholders’ equity
Given Data P02-02:
Invested by each of four organizers
Shares of stock issues to each organizer
Accounting records at end of 2015:
Cash
Par value per share
Land
Equipment
Buildings
Total assets
Short-term notes payable
Long-term notes payable
Additional paid-in capital
Retained earnings
Transactions during 2016:
a. Sold additional 9,000 shares of stock
b. Purchased building
e. One stockholder sold 300 shares to another stockholder.
f. Loan to one shareholder due in six months
Purchased equipment
Purchased four acres of land
Cash paid for purchase
Note for remainder due in 15 years
c. Sold one acre of land for cash.
d. Purchased short-term investments
Student Name:
Class:
Debit Credit
12,000$
13,000
3,000
20,000
6,000
67,000
114,000
8,000
15,000$
4,000
29,000
63,000
11,000
90,000
31,000
243,000$ 243,000$
Correct! Correct!
Additional Paid-in capital
Retained earnings
Totals
Equipment
Factory building
Intangibles
Accounts payable
Accrued liabilities payable
Notes payable (short-term)
No effect was recorded for (d). The agreement in (d) involves no exchange or receipt of cash,
goods, or services and thus is not a transaction.
Problem 02-03
McGraw-Hill/Irwin
Instructor
Requirement 3: Event (d) explanation
Requirement 4:
COUGAR PLASTICS COMPANY
Trial Balance
At December 31, 2015
Cash
Investments (short -term)
Accounts receivable
Inventory
Notes receivable (long-term)
Notes payable (long-term)
Common stock
12,000$ 15,000$
13,000 4,000
3,000 29,000
20,000 48,000
48,000 63,000
Correct! 111,000
Correct!
6,000 11,000
67,000 90,000
114,000 31,000
8,000 Total Stockholders’ Equity 132,000
243,000$ 243,000$
Correct! Correct!
1.00
Correct!
Intangibles
Total Current Assets
Notes receivable
Total Liabilities
Common stock
Additional paid-in capital
Equipment
Factory building
The ratio indicates that Cougar Plastics has relatively low liquidity; for every $1 of current
liabilities, Cougar Plastics maintains only $1 of current assets.
COUGAR PLASTICS COMPANY
At December 31, 2015
Balance Sheet
Current Assets
Cash
Investments
Current Ratio
Accounts receivable
Inventory
Requirement 5:
Long-term notes payable
Assets
Total Assets
Requirement 6:
Liabilities
Stockholders’ Equity
Total Liabilities and
Stockholders’ Equity
Retained earnings
Current Liabilities
Accounts payable
Accrued liabilities payable
Notes payable
Total Current Liabilities
22,000$
3,000
3,000
20,000
1,000
50,000
90,000
5,000
15,000
4,000
7,000
47,000
10,000
80,000
31,000
10,000$
5,000
18,000
5,000
3,000
24,000
8,000
1,000
Signed 1 year note for balance
d. Contract salary for new president.
e. Issued shares of $0.50 par value capital stock
Cash received for shares of capital stock
f. Borrowed cash from bank payable in three months
at December 31, 2014
Accounting Records
COUGAR PLASTICS COMPANY
Given Data P02-03:
Cash
Investments (short-term)
Accounts receivable
Inventory
Notes receivable (long-term)
Equipment
Factory building
Intangibles
Accounts payable
Accrued liabilities payable
Notes payable (short-term)
Long-term notes payable
Additional paid-in capital
Retained earnings
Common stock
Transactions during 2015:
a. Purchased short-term investments for cash.
b. Loan to supplier (2 year note)
c. Cost of equipment purchased
Cash paid for equipment purchased
h. Cost of addition to factory
Cash paid for addition
Signed 3 year note for balance
i. Cash refund for returned defective equipment
g. Purchased patent
Student Name:
Class:
Problem 02-05
11,067$
366
10,103
1,404
3,423
26,363
Correct!
4,409
6,004
Other non-current assets
11,656
10,345
22,001
15,075
Total liabilities
Correct!
Common stock
Stockholders’ Equity
Other stockholders’ equity items
Additional paid-in capital
Retained earnings
9,257
Current Ratio
Total current liabilities
Total stockholders’ equity
Long-term Liabilities
(in millions)
at February 1, 2013
Balance Sheet
Cash
Short-term investments
Property, plant and equipment
Long-term investments
Liabilities and Stockholders’ Equity
Requirement 4:
DELL, INC.
McGraw-Hill/Irwin
Instructor
Other short-term obligations
Requirement 3:
Total current assets
Assets
Current Assets:
Receivables and other assets
Inventories
Other current assets
Current Liabilities:
Accounts payable
13,852$
966
9,803
1,404
3,423
29,448
2,124
3,404
9,557
44,533$
11,656$
10,345
22,001
35,616
Total liabilities
Stockholders’ equity:
Long-term Liabilities
Total current liabilities
Common Stock ($0.01 par value)
12,153
28,236
(31,506)
8,917
44,533$
50$
300
13,000
875
1,410
400
11,000
11,000
60
Total stockholders’ equity
Additional paid-in capital
(dollars in millions)
at February 3, 2012
Accounts payable
Other short-term obligations
Current Liabilities:
LIABILITIES AND STOCKHOLDERS’ EQUITY
Retained Earnings
Other stockholders’ equity items
Balance Sheet
DELL, INC.
Given Data P02-05:
Total assets
Cash
Short-term investments
Receivables and other assets
Inventories
Other
Total current assets
Property, plant, and equipment
Long-term investments
Other non-current assets
Current Assets:
ASSETS
g. Dividends paid during 2012
2012 transactions:
Total stockholders’ equity and liabilities
a. Borrowed from Banks due in two years.
b. Loaned to affiliates, who signed six-month note
c. Purchased additional investments
(1/5 long-term the remainder short-term)
d. Cash paid for purchase of property, plant & equip.
Bank loan for purchase of property, plant & equip.
e. Issued additional 1,000 shares of stock for cash.
f. Sold short-term investments costing
Sold investments for cash
Required:
1.
2.
3. How much, if any, did each company pay in dividends for the most recent year?
4. What account title or titles does each company use to report any land, buildings, and equipment it may have?
This workbook is organized as follows:
Sheet Name Contents
CP2-3 (this worksheet) CP2-3 Problem Requirements and Workbook Layout
Industry Ratio Report Industry Ratio Report
AEO Balance Sheets American Eagle Outfitters, Inc. Consolidated Balance Sheets
AEO Income Statements American Eagle Outfitters, Inc. Consolidated Statements of Operations
AEO Stmts of Stockholders’ Eq American Eagle Outfitters, Inc. Consolidated Statements of Stockholders’ Equity
AEO Statements of Cash Flow American Eagle Outfitters, Inc. Consolidated Statements of Cash Flows
Urban Balance Sheets Urban Outfitters, Inc. Consolidated Balance Sheets
Urban Income Statements
Urban Stmts of Stockholders’ Eq Urban Outfitters, Inc. Consolidated Statements of Stockholders’ Equity
Urban Stmts of Cash Flow Urban Outfitters, Inc. Consolidated Statements of Cash Flows
Urban Outfitters, Inc. Consolidated Statements of Income
CP2-3 Comparing Companies within an Industry
In the most recent year, how much cash, if any, was spent buying back (repurchasing) the company‘s own common
stock?
Compute the current ratio for both companies. Compared to the industry average (from the Industry Ratio Report), are
these two companies more or less able to satisfy short-term obligations with current assets? How is the current ratio
influenced by these companies’ choice to rent space instead of buying it?
2.67
Company
Name
Ticker
Symbol
1.48 ANF
ARO
AEO
4.92 ASNA
100.820 days BWS
97.49 CHS
12.63 days PSS
7.43 DDS
1.75 DSW
11.55 FL
GCO
GES
42.47% JOSB
12.37% SKS
5.40% SIG
13.61% SSI
9.09% BKE
1.81 PLCE
FINL
MW
92.35 URBN
Total Debt/Total Equity
0.70
1.70
15.24%
1.49%
5.55%
8.87%
2.62
16.10
Advertising-to-Sales
Sales Growth
Capital Acquisitions Ratio
Price/Earnings
Other
Total Assets/Total Equity
Dividend Payout
Dividends
Dividend Yield
The Finish Line Inc.
The Men’s Warehouse Inc.
Urban Outfitters
Return on Equity
Return on Assets
Quality of Income
Times Interest Earned
The Children’s Place
The Buckle Inc.
Stage Stores Inc.
Net Profit Margin
Leverage
Profitability
Activity
Liquidity
Current Ratio
Quick Ratio
Inventory Turnover
Average Collection Period
Fixed Asset Turnover
Total Asset Turnover
Accounts Payable Turnover
Gross Profit Margin
Operating Profit Margin
Signet Jewelers Ltd.
INDUSTRY RATIO REPORT
Retail Family Clothing Stores
COMPANIES USED IN INDUSTRY ANALYSIS
American Eagle Outfitters
Aeropostale Inc.
Saks Inc.
Jos. A. Bank Clothiers Inc.
Days to Sell Inventory
Receivables Turnover
DSW Inc.
Dillard’s Inc.
Collective Brands Inc.
Chico’s FAS Inc.
Abercrombie & Fitch
CP2-3 Home
Guess? Inc.
Brown Shoe Company
Ascena Retail Group, Inc.
Genesco Inc.
Foot Locker Inc.
January 28, January 29,
2012 2011
$ 719,545 $ 667,593
25,499 67,102
378,426 301,208
40,310 36,721
74,947 53,727
48,761 48,059
1,287,488 1,174,410
582,162 643,120
39,832 7,485
11,469 11,472
13,467 19,616
16,384 23,895
$ 1,950,802 $ 1,879,998
AMERICAN EAGLE OUTFITTERS, INC.
CONSOLIDATED BALANCE SHEETS
Merchandise inventory
ASSETS
Short-term investments
Cash and cash equivalents
Current assets:
Goodwill
Property and equipment, at cost, net of accumulated depreciation
Total current assets
Deferred income taxes
Prepaid expenses and other
Intangible assets, at cost, net of accumulated amortization
Accounts and note receivable
(in thousands, except per share amounts)
CP2-3 Home
Non-current deferred income taxes
Total assets
Other assets
$ 183,783 $ 167,723
42,625 34,954
76,921 70,390
20,135 32,468
44,970 41,001
15,066 16,203
21,901 25,098
405,401 387,837
71,880 78,606
35,471 38,671
21,199 23,813
128,550 141,090
– –
– –
2,496 2,496
552,797 546,597
28,659 28,072
1,771,464 1,711,929
(938,565) (938,023)
1,416,851 1,351,071
$ 1,950,802 $ 1,879,998
Stockholders’ equity:
Common stock, $0.01 par value; 600,000 shared authorized; 249,566 and 249,566 shares
Preferred stock, $0.01 par value; 5,000 shares authorized; none issued and outstanding
Non-current liabilities:
Total current liabilities
Total non-current liabilities
Other non-current liabilities
Contributed capital
issued; 193,848 and 194,366 shares outstanding , respectively
Total liabilities and stockholders’ equity
Total stockholders‘ equity
Treasury stock, 55,718 and 55,200 shares, respectively, at cost
Retained earnings
Accumulated other comprehensive income
Commitments and contingencies
LIABILITIES AND STOCKHOLDERS’ EQUITY
Non-current accrued income taxes
Current portion of deferred lease credits
Unredeemed gift cards and gift certificates
Accrued rent
Other liabilities and accrued expenses
Deferred lease credits
Accrued income and other taxes
Accrued compensation and payroll taxes
Accounts payable
Current liabilities:
January 28, January 29, January 30,
2012 2011 2010
$ 151,705 $ 140,647 $ 169,022
– (1,140) 14,506
– 7,541 940
587 4,833 15,781
587 11,234 31,227
$ 152,292 $ 151,881 $ 200,249
CP2-3 Home
Comprehensive income
Other comprehensive income
Foreign currency translation gain
Reclassification adjustment for realized losses in net income related to investment securities, net of tax
AMERICAN EAGLE OUTFITTERS, INC.
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
For the Years Ended
Temporary (impairment) recovery related to investment securities, net of tax
Net income
Other comprehensive :
(In thousands)
Accumulated
Shares Other
Outstanding Common Contributed Retained Treasury Comprehensive Stockholders’
(1) Stock Capital Earnings Stock (2) Income (loss) Equity
205,281 $ 2,485 $ 513,574 $ 1,694,161 $ (786,800) $ (14,389) $ 1,409,031
41 1 39,903 – – – 39,904
(18) – – – (247) – (247)
1,528 – – (15,228) 27,792 – 12,564
– – – 169,022 – – 169,022
– – – – 31,227 31,227
– – 922 (83,906) – – (82,984)
206,832 2,486 554,399 1,764,049 (759,255) 16,838 1,578,517
997 10 36,229 – – – 36,239
(15,500) – – – (216,070) – (216,070)
(1,035) – – – (18,041) – (18,041)
3,072 – (45,841) (7,791) 55,343 – 1,711
– – – 140,647 – – 140,647
– – – – – 11,234 11,234
– – 1,810 (184,976) – – (183,166)
194,366 2,496 546,597 1,711,929 (938,023) 28,072 1,351,071
– – 10,532 – – – 10,532
(1,365) – (15,160) – (15,160)
(145) – – – (2,189) – (2,189)
992 – (5,997) (4,261) 16,807 – 6,549
– – – 151,705 – – 151,705
– – – – – 587 587
– – 1,665 (87,909) – – (86,244)
$ 193,848 $ 2,496 $ 552,797 $ 1,771,464 $ (938,565) $ 28,659 $ 1,416,851
Note 1
Note2
Net income
Repurchase of common stock from employees
Repurchase of common stock as part of publicly announced programs
Balance at January 29, 2011
Cash dividends and dividend equivalents ($0.93 per share)
Other comprehensive income, net of tax
Stock awards
Balance at January 30, 2010
Reissuance of treasury stock
CP2-3 Home
Repurchase of common stock from employees
Stock awards
Reissuance of treasury stock
AMERICAN EAGLE OUTFITTERS, INC.
Cash dividends and dividend equivalents ($0.40 per share)
Reissuance of treasury stock
Balance at January 31, 2009
(in thousands, except per share amounts)
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Stock awards
Repurchase of common stock as part of publicly announced programs
Other comprehensive income, net of tax
Net income
Repurchase of common stock from employees
Net income
55,718 shares, 55,200 shares, and 41,737 shares at January 28, 2012, January 29, 2011, and January 30, 2010, respectively. During Fiscal
2011 and Fiscal 2010 and Fiscal 2009, 992 shares, 3,072 shares and 1,528 shares, respectively, were reissued from treasury stock for the
issuance of share-based payments.
600,000 authorized, 249,566 issued and 193,848 outstanding, $0.01 par value common stock at January 28, 2012; 600,000 authorized, 249,566
issued and 194,366 outstanding, $0.01 par value common stock at January 29, 2011; 600,000 authorized, 249,561 issued and 206,832
outstanding (excluding 992 shares of non-vested restricted stock), $0.01 par value common stock at January 30, 2010; The Company has 5,000
authorized, with none issued or outstanding, $0.01 par value preferred stock at January 28, 2012, January 29, 2011, and January 30, 2010.
Balance at January 28, 2012
Cash dividends and dividend equivalents ($0.44 per share)
Other comprehensive income, net of tax
January 28, January 29, January 30,
2012 2011 2010
$ 151,705 $ 140,647 $ 169,022
– 41,287 44,376
$ 151,705 $ 181,934 $ 213,398
143,156 145,548 139,832
12,341 25,457 34,615
4,207 11,885 (36,027)
356 15,648 7,995
(373) (12,499) (2,812)
(325) 117 6,477
20,730 – –
– 25,674 3,689
(77,311) 18,713 (33,699)
(3,589) (3,790) 6,656
(21,261) (9,045) 12,916
2,444 (1,380) 1,146
17,934 5,232 8,358
3,979 1,713 (3,591)
(7,837) (7,451) 4,667
Accrued compensation and payroll taxes
7,677 (19,618) 25,841
(15,515) 11,999 12,858
938 12,457 (1,993)
87,551 220,660 186,928
239,256 402,594 400,326
(100,135) (84,259) (127,080)
(34,187) (2,801) (2,003)
(193,851) (62,797) –
240,797 177,472 80,353
(87,376) 27,615 (48,730)
(3,256) (2,590) (2,015)
– (30,000) (45,000)
(15,160) (216,070) –
Repurchase of common stock as part of publicly announced programs
(2,189) (18,041) (247)
5,098 7,272 9,044
373 12,499 2,812
– (6,434) (1,414)
(85,592) (183,166) (82,985)
(100,726) (436,530) (119,805)
798 1,394 3,030
– (21,434) (13,864)
– (6) (339)
– – –
– – –
– (21,440) (14,203)
51,952 (26,367) 220,618
667,593 693,960 473,342
$ 719,545 $ 667,593 $ 693,960
Cash dividends paid
Effect of exchange rates on cash
Cash and cash equivalents – beginning of period
Cash and cash equivalents – end of period
Net cash used for discontinued operations
Financing activities:
Payments on capital leases
Repayment of note payable
Repurchase of common stock from employees
Cash used to net settle equity awards
Effect of exchange rates on cash
Net cash used for financing activities
Net cash used for investing activities
Net cash used for operating activities
Cash flows of discontinued operations
Net proceeds from stock options exercised
Excess tax benefit from share-based payments
Investing activities:
Capital expenditures for property and equipment
Purchase of available-for-sale securities
Sale of available-for-sale securities
Accounts payable
Unredeemed gift cards and gift certificates
Deferred lease credits
Accrued income and other taxes
Accrued liabilities
Total adjustments
Acquisition of intangible assets
Prepaid expenses and other
Other assets
Provision for deferred income taxes
Tax benefit from share-based payments
Excess tax benefit from share-based payments
Foreign currency transaction (gain) loss
Loss on impairment of assets
Realized investment losses
Accounts receivable
Income from continuing operations
Loss from discontinued operations, net of tax
Changes in assets and liabilities:
Merchandise inventory
Depreciation and amortization
CP2-3 Home
AMERICAN EAGLE OUTFITTERS, INC.
For the Years Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS
Net (increase) decrease in cash and cash equivalents
Net cash used for financing activities from continuing operations
Net cash (used for) provided by investing activities from continuing operations
Net cash provided by operating activities from continuing operations
(In thousands)
Operating activities:
Net income
Adjustments to reconcile income to net cash provided by operating activities:
Share-based compensation
2012 2011
$ 145,273 $ 340,257
89,854 116,420
36,673 36,502
250,073 229,561
69,876 66,886
5,243 14,351
596,992 803,977
684,979 586,346
126,913 351,988
74,824 52,010
1,483,708$ 1,794,321$
95,754 82,904
15,630 20,212
122,082 107,908
233,466 211,024
183,974 171,749
417,440 382,773
– –
15 17
– 27,603
1,077,765 1,394,190
(11,512) (10,262)
1,066,268 1,411,548
1,483,708$ 1,794,321$
Total Shareholders’ Equity
Total Liabilities and Shareholders’ Equity
Preferred shares; $.0001 par value, 10,000,000 shares authorized, none issued
Common shares; $.0001 par value, 200,000,000 shares authorized, 144,633,007 and
164,413,427 issued and outstanding, respectively
Additional paid-in capital
Retained earnings
Accumulated other comprehensive (loss) income
Current Liabilities:
Accounts payable
Accrued compensation
Accrued expenses and other current liabilities
Total current liabilities
Total Liabilities
Commitments and contingencies (see Note 12)
Shareholders’ equity:
Deferred rent and other liabilities
Current Assets:
Deferred taxes
Total current assets
Property and equipment, net
LIABILITIES AND SHAREHOLDERS’ EQUITY
Total Assets
Accounts receivable, net of allowance for doubtful accounts of $1,614
and $1,015, respectively
Inventories
Cash and cash equivalents
CP2-3 Home
ASSETS
January 31,
(in thousands, except share and per share data)
Consolidated Balance Sheets
URBAN OUTFITTERS, INC.
Marketable securities
Deferred income taxes and other assets
Prepaid expenses and other current assets
Marketable securities
2012 2011 2010
2,473,801$ 2,274,102$ 1,937,815$
1,613,265 1,337,482 1,151,670
860,536 936,620 786,145
575,811 522,417 447,161
284,725 414,203 338,984
5,120 4,669 6,290
553 486 463
(1,567) (2,150) (1,331)
288,831 417,208 344,406
103,580 144,250 124,513
185,251$ 272,958$ 219,893$
1.20$ 1.64$ 1.31$
1.19$ 1.60$ 1.28$
154,025,589 166,896,322 168,053,502
156,191,289 170,333,550 171,230,245
Basic
Diluted
Income tax expense
Net income
Basic
Diluted
Weighted average common shares outstanding:
Income from operations
Interest income
Other income
Other expenses
Income before income taxes
CP2-3 Home
Consolidated Statements of Income
URBAN OUTFITTERS, INC.
Fiscal Year Ended January 31,
(in thousands, except share and per share data)
Net sales
Net income per common share:
Cost of sales, including certain buying, distribution
and occupancy costs
Gross profit
Selling, general and administrative expenses
Accumulated
Additional Other
Comprehensive Number of Par Paid-in Retained Comprehensive
Income Shares Value Capital Earnings Loss Total
167,712,088 17$ 170,166$ 901,339$ (17,747)$ 1,053,775$
219,893$ – – – 219,893 – 219,893
7,173 – – – – 7,173 7,173
1,480 – – – – 1,480 1,480
228,546$
– – 4,766 – – 4,766
846,283 – 3,250 – – 3,250
– – 6,438 – – 6,438
168,558,371 17 184,620 1,121,232 (9,094) 1,296,775
272,958 – – – 272,958 – 272,958
(429) – – – – (429) (429)
(739) – – – – (739) (739)
271,790$
– – 10,725 – – 10,725
2,256,273 – 24,129 – – 24,129
12,847 12,847
(6,401,217) – (204,718) – – (204,718)
164,413,427 17 27,603 1,394,190 (10,262) 1,411,548
185,251 – – – 185,251 – 185,251
(2,285) – – – – (2,285) (2,285)
1,035 – – – – 1,035 1,035
184,001$
– – 3,068 – – 3,068
993,923 – 4,134 – – 4,134
8,995 8,995
(20,774,343) (2) (43,800) (501,676) – (545,478)
144,633,007 15$ –$ 1,077,765$ (11,512)$ 1,066,268$
Balances as of January 31, 2012
Tax effect of share exercises
Stock options and awards
Share Repurchases
Balances as of January 31, 2011
Net income
Foreign currency translation
Tax effect of share exercises
Unrealized gains on marketable securities, net of tax
Comprehensive income
Share-based compensation
Stock options and awards
Share repurchases
Foreign currency translation
Unrealized losses on marketable securities, net of tax
Comprehensive income
Share-based compensation
Stock options and awards
Tax effect of share exercises
Balances as of January 31, 2010
Net income
Net Income
Foreign currency translation
Unrealized gains on marketable securities, net of tax
Comprehensive income
Share-based compensation
Consolidated Statements of Shareholders’ Equity
CP2-3 Home
URBAN OUTFITTERS, INC.
(in thousands, except share data)
Common Shares
Balances as of January 31, 2009
2012 2011 2010
185,251$ 272,958$ 219,893$
108,112 101,105 92,350
(12,150) (8,727) 2,161
(8,995) (12,847) (6,438)
3,068 10,725 4,766
857 119 339
(251) 1,835 (1,825)
(20,817) (43,372) (15,544)
6,317 14,825 (25,619)
21,310 48,492 55,311
282,702 385,113 325,394
(190,010) (143,642) (109,260)
(169,467) (463,129) (806,546)
414,769 571,236 421,040
55,292 (35,535) (494,766)
4,136 24,129 3,250
8,995 12,847 6,438
(545,478) (204,718) –
(532,347) (167,742) 9,688
(631) (603) 2,673
(194,984) 181,233 (157,011)
340,257 159,024 316,035
145,273$ 340,257$ 159,024$
120,847$ 121,341$ 137,490$
21,955$ 8,077$ 12,960$
Cash and cash equivalents at end of period
Supplemental cash flow information:
Cash paid during the year for:
Income taxes
Non-cash investing activities – Accrued capital expenditures
Cash flows from investing activities:
Cash and cash equivalents at beginning of period
Cash paid for property and equipment
Cash paid for marketable securities
Sales and maturities of marketable securities
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Exercise of stock options
Excess tax benefit of stock options exercises
Share repurchases
Net cash (used in) provided by financing activities
Effect of exchange rate changes on cash and cash equivalents
(Decrease) increase in cash and cash equivalents
Net cash provided by operating activities
Net income
Depreciation and amortization
Provision for deferred income taxes
Excess tax benefit on share-based compensation
Share-based compensation expense
Loss on disposition of property and equipment, net
Adjustments to reconcile net income to net cash provided by operating activities:
Changes in assets and liabilities:
Receivables
Inventories
Prepaid expenses and other assets
Accounts payable, accrued expenses and other liabilities
Cash flows from operating activities:
CP2-3 Home
(in thousands)
Consolidated Statements of Cash Flows
URBAN OUTFITTERS, INC.
Fiscal Year Ended January 31,