preview

Essay on Macy's Financial Analysis

Better Essays

Macy’s Inc. Fiscal Year End: January 29, 2011 Date of Report: April 25th, 2011. By - Monika Gupta The annual report and 10-K filings were obtained from macys.com. The financial statements included in the annual report are as follows: consolidated statements of operations, consolidated balance sheets, consolidated statements of changes in shareholders’ equity, consolidated statement of cash flows, and notes to consolidated financial statements. In the report, Macy’s Inc. recognizes several competitors which are Bed Bath & Beyond, Belk, Bon Ton, Burlington Coat Factory, Dillard’s, Gap, J.C. Penney, Kohl’s, Limited, Lord & Taylor, Neiman Marcus, Nordstrom, Saks, Sears, Target, TJ Maxx and Wal-Mart. The top three …show more content…

All amounts are in millions of dollars. | January 30,2010 | January 29,2011 | Amount change | Percent Change | Assets | | | | | Cash and cash equivalents | 1686 | 1464 | -222 | -13.17% | Receivables | 358 | 392 | 34 | 9.50% | Merchandise inventories | 4615 | 4758 | 143 | 3.10% | Supplies and prepaid expenses | 223 | 285 | 62 | 27.80% | Total current assets | 6882 | 6899 | 17 | 0.25% | Property and equipment | 9507 | 8813 | -694 | -7.30% | Goodwill | 3743 | 3743 | 0 | 0.00% | Other intangible assets | 678 | 637 | -41 | -6.05% | Other Assets | 490 | 539 | 49 | 10.00% | Total Assets | 21300 | 20631 | -669 | -3.14% | Liabilities and shareholders' equity | | | Current liabilities: | | | | Short-term debt | 242 | 454 | 212 | 87.60% | Merchandise accounts payable | 1312 | 1421 | 109 | 8.31% | Accounts payable and accrued liabilities | 2626 | 2644 | 18 | 0.69% | Income taxes | 68 | 182 | 114 | 167.65% | Deferred income taxes | 214 | 364 | 150 | 70.09% | Total current liabilities | 4462 | 5065 | 603 | 13.51% | Long-term debt | 8456 | 6971 | -1485 | -17.56% | Deferred income taxes | 1132 | 1245 | 113 | 9.98% | Other liabilities | 2597 | 1820 | -777 | -29.92% | Shareholders' equity | | | | Common stock | 5 | 5 | 0 | 0.00% | Additional paid-in capital | 5689 | 5696 | 7 | 0.12% | Accumulated equity

Get Access