TIFFANY & CO. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited, in thousands)
April 30, January 31, April 30,
2001 2001 2000
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ASSETS
Current assets:
Cash and cash equivalents $ 124,695 $ 195,613 $ 199,167
Accounts receivable, net 94,011 106,988 106,423
Inventories, net 665,893 653,103 525,609
Deferred income taxes 37,927 28,069 35,005
Prepaid expenses and other current assets 36,715 22,458 26,591
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Total current assets 959,241 1,006,231 892,795
Property, plant and equipment, net 444,489 423,244 326,368
Deferred income taxes 4,917 7,282 6,141
Other assets, net 138,187 132,969 132,336
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$ 1,546,834 $ 1,569,726 $ 1,357,640
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LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Short-term borrowings $ 33,933 $ 28,778 $ 28,964
Obligation under capital lease 41,581 40,747 0
Accounts payable and accrued liabilities 162,942 189,531 178,897
Income taxes payable 21,794 42,085 25,146
Merchandise and other customer credits 36,135 36,057 30,060
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Total current liabilities 296,385 337,198 263,067
Long-term debt 236,141 242,157 250,179
Postretirement/employment benefit obligations 27,030 26,134 23,924
Other long-term liabilities 37,596 37,368 33,854
Stockholders' equity 949,682 926,869 786,616
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$ 1,546,834 $ 1,569,726 $ 1,357,640
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Certain reclassifications were made to the prior periods' condensed consolidated
balance sheets.
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