Student Name:
Class:
Revenues:
4,700$
Expenses:
2,200
400
1,300
400
4,300
Net Income 400$
Correct!
Net Net Sales Net Profit
Income Revenue Margin Ratio
2016 22,000 93,500 23.5% «- Correct!
2015 11,000 82,500 13.3% «- Correct!
2014 4,400 55,000 8.0% «- Correct!
The ratio increased each year, nearly quadrupling in three years. This suggests that the
company‘s management is very effective at generating sales and controlling expenses. As
long as the expenses related to opening the new store are not greater as a percentage of
sales revenue than currently, the company should continue to experience a high net profit
margin. Based on this rationale, the manager should be promoted.
Requirement 5:
Evaluation of ratio and promotion decision:
McGraw-Hill/Irwin
Instructor
Requirement 3:
Total costs and expenses
Income Statement (unadjusted)
KAYLEE’S SWEETS
for the Month Ended February 28, 2014
Problem 03-04
Cost of goods sold
Advertising expense
Wages expense
Repairs expense
Sales revenue
(a) 30,200$
(b) 1,750
(c) 6,000
(d) 1,560
(e) 11,000
(f) 2,750
?
(g) 400
(h) 3,500
2,675
?
1,600
(i) 550
(j) 1,300
(k) 600
(l) 400
(m) 1,200
600
2016 2015 2014
88,000$ 58,500$ 52,500$
49,500 22,000 18,500
38,500 36,500 34,000
93,500 82,500 55,000
22,000 11,000 4,400
Data available after 3 years in business
Total liabilities
Total stockholders’ equity
Net sales revenue
Net income
Given Data P03-04:
KAYLEE’S SWEETS
Total assets
Transactions during February, 2014:
Student Name:
Class:
Activity on Direction and
Statement of Amount of
Transaction Cash Flows Effect
a. F«- Correct! 30,200 «- Correct!
b. O«- Correct! (5,250) «- Correct!
c. NE «- Correct! – «- Correct!
d. O«- Correct! (1,560) «- Correct!
e. I«- Correct! 11,000 «- Correct!
f. I«- Correct! (11,000) «- Correct!
g. O«- Correct! (400) «- Correct!
h. O«- Correct! 2,675 «- Correct!
i. O«- Correct! (550) «- Correct!
j. O«- Correct! (1,300) «- Correct!
k. O«- Correct! 600 «- Correct!
l. O«- Correct! (400) «- Correct!
m. O«- Correct! 1,200 «- Correct!
KAYLEE’S SWEETS
Problem 03-05
McGraw-Hill/Irwin
Instructor
(a) 30,200$
(b) 1,750
(c) 6,000
(d) 1,560
(e) 11,000
(f) 2,750
?
(g) 400
(h) 3,500
2,675
?
1,600
(i) 550
(j) 1,300
(k) 600
(l) 400
(m) 1,200
600
2016 2015 2014
88,000$ 58,500$ 52,500$
49,500 22,000 18,500
38,500 36,500 34,000
93,500 82,500 55,000
22,000 11,000 4,400
KAYLEE’S SWEETS
Transactions during February, 2014:
Given Data P03-05:
Data available after 3 years in business
Total stockholders’ equity
Net sales revenue
Net income
Total assets
Total liabilities
Student Name:
Class:
Requirement 3:
39,304$
10,136
15,276
8,564
3,864
37,840
1,464$
Correct!
3.7%
Correct!
Evaluation of ratio:
Requirement 4:
Problem 03-06
McGraw-Hill/Irwin
Instructor
FedEx
(in millions)
for the Year Ended May 31, 2015
Income Statement (unadjusted)
The net profit margin ratio suggests that the company obtained nearly $0.04 in
net income for every $1 in sales revenue. To analyze this result, we would
need to calculate the ratio for the company over time to observe the trend in
how effectively management is at generating sales and/or controlling
expenses. We would also need the industry ratio for the current period to
determine how the company is doing in comparison to others in the industry.
FedEx
15,543$
12,716
1,702
329
1,894
1,667
3,557
32
4,581
610
2,328
437
2,616
1,286
2,472
21,704$
a. Provided services for accounts receivable
Provided services for cash
b. Purchased new equipment; signed note
c. Paid cash to rent equipment and aircraft
10,136
3,864
24,285
350
16
h. Paid employees
i. Paid for fuel used in aircraft and equipment
j. Paid on accounts payable
k. Ordered spare parts and supplies
Portion of rent allocated to this year
d. Maintenance and repair costs
e. Collected on accounts receivable
f . Repaid on long-term note
g. Issued 20 shares of additional stock
Other current assets
Cash
Spare parts, supplies, and fuel
Other noncurrent liabilities
Other current liabilities
Additional paid-in capital
Accrued expenses payable
Long-term notes payable
Other noncurrent assets
Contributed capital
Receivables
Given Data P03-06:
Retained earnings
Accounts payable
Prepaid expenses
Property and equipment (net)
Student Name:
Class:
Problem 03-07
Requirement 1:
Date Account Debit Credit
(a) 596,042
596,042 <-Correct!
(b) 433,416
401,630 <-Correct!
31,786 <-Correct!
(c) 47,100
47,100 <-Correct!
(d) 365,693
365,693 <-Correct!
90,057
90,057 <-Correct!
(e) 90,190
90,190 <-Correct!
(f) 81,855
1,139
82,994 <-Correct!
(g) 153,326
153,326 <-Correct!
(h) 147,531
119,431 <-Correct!
28,100 <-Correct!
(i) 140,426
Cash
Accounts payable
Accounts payable
Cash
Food, merchandise & games revenue
Cost of goods sold
Food and merchandise inventory
Property and equipment
Cash
Accounts receivable
Accommodations revenue
Interest expense
Food and merchandise inventory
Cash
Accounts payable
McGraw-Hill/Irwin
Instructor
General Journal
CEDAR FAIR, L.P.
Cash
Cash
Selling, general and admin. expenses
Cash
Cash
Cash
Admissions revenue
Operating expenses
Cash
Accounts payable
Notes payable
Student Name:
Class:
Problem 03-07
McGraw-Hill/Irwin
Instructor
Requirement 2:
Operating,
Investing, Direction
Financing and Amount
Transaction Effect of the Effect
(a) O 596,042
Correct! Correct!
(b) O (401,630)
Correct! Correct!
(c) F (47,100)
Correct! Correct!
(d) O 365,693
Correct! Correct!
(e) I (90,190)
Correct! Correct!
(f) O 81,855
Correct! Correct!
(g) O (153,326)
Correct! Correct!
(h) O (119,431)
Correct! Correct!
(i) O (134,044)
Correct! Correct!
(j) O (11,600)
Correct! Correct!
Cash Flow Analysis
CEDAR FAIR, L.P.
(a) 596,042$
(b) 433,416
401,630
(c) 47,100
(d) 365,693
92,057
(e)
90,190
(f) 82,994
81,855
(g) 153,326
(h) 147,531
119,431
(i) 140,426
134,044
(j) 11,600
Cash paid for purchase and building of buildings,
Cost of selling, general and administrative expenses
Amount of cost of selling, general and administrative expenses paid in cash
Cash paid on accounts payable during year
rides and equipment
Accommodations revenue earned
Amount of accommodations revenue received in cash
Interest paid on long-term debt
Cost of food and merchandise inventory purchased
Amount of food and merchandise inventory purchases paid in cash
Operating expenses for the year
Amount of operating expenses paid in cash
Principal paid on notes payable
Cash received for food, merchandise and games
Cost of products sold for cash
CEDAR FAIR, L.P.
Given Data P03-07:
Transactions in 2014:
Admission fees received
Required:
1. By what title does each company call its income statement? Explain what “Consolidated” means.
2. Which company had higher net income for the fiscal year?
3.
4.
5.
(Hint: Percentage change = [Current Year Amount – Prior Year Amount] / Prior Year Amount.)
This workbook is organized as follows:
Sheet Name Contents
CP3-3 (this worksheet) CP3-3 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
Compute the net profit margin ratio for both companies for the year. Which company is managing revenues and
expenses more effectively?
Compare the profit margin ratio for both companies for the most recent year presented to the industry average. On
average, are these two companies managing sales and expenses better or worse than their competitors?
How much cash was provided by operating activities for the year by each company? What was the percentage change
in operating cash flows (1) from fiscal year ended 2010 to 2011 and (2) from fiscal year ended 2011 to 2012?
CP3-3 Comparing Companies within an Industry
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
Activity
American Eagle Outfitters
INDUSTRY RATIO REPORT
CP3-3 Home
Retail Family Clothing Stores
Liquidity
COMPANIES USED IN INDUSTRY ANALYSIS
Current Ratio
Quick Ratio
Abercrombie & Fitch
Aeropostale Inc.
Inventory Turnover
Ascena Retail Group, Inc.
Days to Sell Inventory
Brown Shoe Company
Receivables Turnover
Chico’s FAS Inc.
Average Collection Period
Collective Brands Inc.
Fixed Asset Turnover
Dillard’s Inc.
Total Asset Turnover
DSW Inc.
Accounts Payable Turnover
Foot Locker Inc.
Genesco Inc.
Profitability
Guess? Inc.
Gross Profit Margin
Jos. A. Bank Clothiers Inc.
Operating Profit Margin
Saks Inc.
Net Profit Margin
Signet Jewelers Ltd.
Return on Equity
Stage Stores Inc.
Return on Assets
The Buckle Inc.
Quality of Income
The Children’s Place
The Finish Line Inc.
Leverage
The Men’s Warehouse Inc.
Times Interest Earned
Urban Outfitters
Total Assets/Total Equity
Dividends
Dividend Payout
Dividend Yield
Other
Advertising-to-Sales
Sales Growth
Capital Acquisitions Ratio
Price/Earnings
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
(in thousands, except per share amounts)
AMERICAN EAGLE OUTFITTERS, INC.
CP3-3 Home
CONSOLIDATED BALANCE SHEETS
Property and equipment, at cost, net of accumulated depreciation
ASSETS
Current assets:
Cash and cash equivalents
Short-term investments
Merchandise inventory
Accounts and note receivable
Prepaid expenses and other
Deferred income taxes
Total current assets
Intangible assets, at cost, net of accumulated amortization
Goodwill
Non-current deferred income taxes
Other assets
Total 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
Accrued income and other taxes
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable
Accrued compensation and payroll taxes
Accrued rent
Commitments and contingencies
Unredeemed gift cards and gift certificates
Current portion of deferred lease credits
Other liabilities and accrued expenses
Total current liabilities
Non-current liabilities:
Deferred lease credits
Non-current accrued income taxes
Other non-current liabilities
Total non-current liabilities
Retained earnings
Treasury stock, 55,718 and 55,200 shares, respectively, at cost
Total stockholders‘ equity
Total liabilities and stockholders’ equity
Stockholders’ equity:
Preferred stock, $0.01 par value; 5,000 shares authorized; none issued and outstanding
Common stock, $0.01 par value; 600,000 shared authorized; 249,566 and 249,566 shares
issued; 193,848 and 194,366 shares outstanding , respectively
Contributed capital
Accumulated other comprehensive income
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
AMERICAN EAGLE OUTFITTERS, INC.
CP3-3 Home
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
For the Years Ended
Foreign currency translation gain
Other comprehensive income
Comprehensive income
(In thousands)
Net income
Other comprehensive :
Temporary (impairment) recovery related to investment securities, net of tax
Reclassification adjustment for realized losses in net income related to investment securities, net of tax
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
Reissuance of treasury stock
AMERICAN EAGLE OUTFITTERS, INC.
CP3-3 Home
CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
(in thousands, except per share amounts)
Balance at January 31, 2009
Stock awards
Repurchase of common stock from employees
Balance at January 29, 2011
Net income
Other comprehensive income, net of tax
Cash dividends and dividend equivalents ($0.40 per share)
Balance at January 30, 2010
Stock awards
Repurchase of common stock as part of publicly announced programs
Repurchase of common stock from employees
Reissuance of treasury stock
Net income
Other comprehensive income, net of tax
Cash dividends and dividend equivalents ($0.93 per share)
Cash dividends and dividend equivalents ($0.44 per share)
Balance at January 28, 2012
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.
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.
Stock awards
Repurchase of common stock as part of publicly announced programs
Repurchase of common stock from employees
Reissuance of treasury stock
Net income
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
AMERICAN EAGLE OUTFITTERS, INC.
CP3-3 Home
CONSOLIDATED STATEMENTS OF CASH FLOWS
For the Years Ended
Excess tax benefit from share-based payments
(In thousands)
Operating activities:
Net income
Loss from discontinued operations, net of tax
Income from continuing operations
Adjustments to reconcile income to net cash provided by operating activities:
Depreciation and amortization
Share-based compensation
Provision for deferred income taxes
Tax benefit from share-based payments
Accrued income and other taxes
Foreign currency transaction (gain) loss
Loss on impairment of assets
Realized investment losses
Changes in assets and liabilities:
Merchandise inventory
Accounts receivable
Prepaid expenses and other
Other assets
Accounts payable
Unredeemed gift cards and gift certificates
Deferred lease credits
Repayment of note payable
Accrued liabilities
Total adjustments
Net cash provided by operating activities from continuing operations
Investing activities:
Capital expenditures for property and equipment
Acquisition of intangible assets
Purchase of available-for-sale securities
Sale of available-for-sale securities
Net cash (used for) provided by investing activities from continuing operations
Financing activities:
Payments on capital leases
Net cash used for financing activities
Repurchase of common stock from employees
Net proceeds from stock options exercised
Excess tax benefit from share-based payments
Cash used to net settle equity awards
Cash dividends paid
Net cash used for financing activities from continuing operations
Effect of exchange rates on cash
Cash flows of discontinued operations
Net cash used for operating activities
Net cash used for investing activities
Effect of exchange rates on cash
Net cash used for discontinued operations
Net (increase) decrease in cash and cash equivalents
Cash and cash equivalents – beginning of period
Cash and cash equivalents – end of period
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$
Accounts receivable, net of allowance for doubtful accounts of $1,614
URBAN OUTFITTERS, INC.
CP3-3 Home
Consolidated Balance Sheets
(in thousands, except share and per share data)
January 31,
ASSETS
Current Assets:
Cash and cash equivalents
Marketable securities
LIABILITIES AND SHAREHOLDERS’ EQUITY
and $1,015, respectively
Inventories
Prepaid expenses and other current assets
Deferred taxes
Total current assets
Property and equipment, net
Marketable securities
Deferred income taxes and other assets
Total Assets
164,413,427 issued and outstanding, respectively
Current Liabilities:
Accounts payable
Accrued compensation
Accrued expenses and other current liabilities
Total current liabilities
Deferred rent and other liabilities
Total Liabilities
Commitments and contingencies (see Note 12)
Shareholders’ equity:
Preferred shares; $.0001 par value, 10,000,000 shares authorized, none issued
Common shares; $.0001 par value, 200,000,000 shares authorized, 144,633,007 and
Additional paid-in capital
Retained earnings
Accumulated other comprehensive (loss) income
Total Shareholders’ Equity
Total Liabilities and Shareholders’ Equity
2012 2011 2010
2,473,801$ 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
Fiscal Year Ended January 31,
URBAN OUTFITTERS, INC.
CP3-3 Home
Consolidated Statements of Income
(in thousands, except share and per share data)
Income tax expense
Net sales
Cost of sales, including certain buying, distribution
and occupancy costs
Gross profit
Selling, general and administrative expenses
Income from operations
Interest income
Other income
Other expenses
Income before income taxes
Basic
Diluted
Net income
Net income per common share:
Basic
Diluted
Weighted average common shares outstanding:
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$
URBAN OUTFITTERS, INC.
CP3-3 Home
Consolidated Statements of Shareholders’ Equity
(in thousands, except share data)
Tax effect of share exercises
Common Shares
Balances as of January 31, 2009
Net Income
Foreign currency translation
Unrealized gains on marketable securities, net of tax
Comprehensive income
Share-based compensation
Stock options and awards
Foreign currency translation
Balances as of January 31, 2010
Net income
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
Share Repurchases
Balances as of January 31, 2011
Net income
Balances as of January 31, 2012
Unrealized gains on marketable securities, net of tax
Comprehensive income
Share-based compensation
Stock options and awards
Tax effect of share exercises
Share repurchases
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$
Fiscal Year Ended January 31,
URBAN OUTFITTERS, INC.
CP3-3 Home
Consolidated Statements of Cash Flows
(in thousands)
Inventories
Cash flows from operating activities:
Net income
Adjustments to reconcile net income to net cash provided by operating activities:
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
Changes in assets and liabilities:
Receivables
Share repurchases
Prepaid expenses and other assets
Accounts payable, accrued expenses and other liabilities
Net cash provided by operating activities
Cash flows from investing activities:
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
Cash paid during the year for:
Income taxes
Non-cash investing activities – Accrued capital expenditures
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
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period
Supplemental cash flow information: