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.
CP4-3 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.
CP4-3 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.
CP4-3 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.
CP4-3 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:
URBAN OUTFITTERS
Note 2 to the Financial Statements
CP4-3 Home
Student Name:
Class:
Cash
Basis Per
Crystal’s Corrected
Items Statement Basis
1,215,000$ 1,102,000$
130,000 120,000
43,600 43,600
12,200 11,800
562,000 563,500
31,900 29,825
12,400 12,400
– 20,500
792,100 801,625
422,900$ 300,375$
Correct!
Instructor
( c) Add depreciation
Case 4-7
McGraw-Hill/Irwin
Depreciation
No change
Office rent
Total expenses
Net income
For the Year Ended December 31, 2015
Income Statement
CRYSTAL‘S DAY SPA AND SALON, INC.
Explanation of Changes
Supplies
Miscellaneous
(g) Exclude January, 2016 rent
No change
(f) Add Dec., 2015 bill, subtract Dec. 2014 bill
(e) Add December, 2015 salary
(d) Add 2014 supplies, subtract supplies on hand
Utilities
Telephone
Revenues:
Spa fees
Expenses:
(a), (b) Subtract prior year fees, add uncollected fees
Salaries
1,215,000$
130,000$
43,600
12,200
562,000
31,900
12,400
792,100
422,900$
142,000$
29,000$
205,000$
20,500$
5,200$
3,125$
18,000$
1,400$
1,800$
130,000$
December 2014 bill paid in January, 2015 (included
in Statement of Profits above)
g. Office rent for 13 months, including
January, 2013
Estimated annual depreciation
d. Office supplies on hand
Office supplies on hand at end of 2014
e. Secretary‘s annual salary; one month unpaid
f. Unpaid phone bill
Additional data:
a. Spa fees collected for services performed
prior to 2015 (total collected $1,215,000)
b. Uncollected spa fees
c. Office equipment cost
Supplies expense
Miscellaneous expenses
Total expenses
Profit for the year
Expenses paid:
Rent for office space
Utilities expense
Telephone expense
Salaries expense
Given Data CP4-7:
Spa fees collected
2015
Statement of Profits
CRYSTAL’S DAY SPA AND SALON, INC.