BELK INC company info

CIK 1051771
IRS Number 562058574
State of incorporation None
Business address 2801 WEST TYVOLA ROAD
Mail address 2801 WEST TYVOLA ROAD

Short summary

BELK INC is a North Carolina company, with head office located at 2801 West Tyvola Road Charlotte, North Carolina 28217-4500. In 2015 the company owned a total of 2.55 billion USD worth of assets, including 1.22 billion USD worth of current assets. 2014 was the year when the company amassed the most assets.

BELK INC Income Statement

Name [in Millions USD]20082009201020112012201320142015Trends
Revenue, Net 3,346.253,513.283,699.593,956.874,038.124,109.56
Cost of Goods and Services Sold 2,271.932,353.542,461.522,636.142,722.772,770.20
Selling, General and Administrative Expense 886.26914.08938.01985.231,023.271,064.35
Operating Income (Loss) 147.44245.98300.91339.94288.33271.36
Interest expense 51.3250.6850.2249.4844.6046.72
Income Tax Expense (Benefit) 30.0568.2466.95102.1385.3478.69
Net income 67.14127.63183.15188.37158.53146.06

BELK INC Balance Sheet

Name [in Millions USD]20082009201020112012201320142015Trends
Cash and cash equivalents 260.13585.93434.71472.25226.30219.42240.29184.29
Inventories 808.50978.071,035.611,047.761,043.47943.14
Property, Plant and Equipment, Gross 2,461.372,474.822,645.212,860.57
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment 1,354.431,498.381,450.581,517.771,600.241,636.03
Other Assets, Noncurrent 36.7736.5143.2642.2742.4246.00
Total assets 2,389.632,622.022,500.282,580.702,703.852,553.27
Current assets 1,318.041,522.461,333.931,357.691,383.851,224.43
Accounts payable 196.62321.25296.21318.38358.96293.71
Total current liabilities 393.59676.25567.01616.58755.95593.06
Long-term Debt 375375375275
Deferred income taxes 15.6718.1925.66
Other Accrued Liabilities, Noncurrent 14.7712.858.7110.56
Total liabilities 1,233.361,377.951,204.661,231.421,349.421,175.36
Common Stock, Value, Issued 0.460.450.430.410.390.39
Retained Earnings (Accumulated Deficit) 887.951,051.901,185.451,302.161,419.201,433.69
Accumulated Other Comprehensive Income (Loss), Net of Tax -141.35-171.78-164.92-134.65-160.40-158.38

BELK INC Cash Flow

Name [in Millions USD]20082009201020112012201320142015Trends
Net income 67.14127.63183.15188.37158.53146.06
Depreciation 138.60122.50122.30136.50154.20
Amortization of Intangible Assets 1.600.300.30
Depreciation and amortization 158.39140.24122.76122.62137.07154.93
Deferred Income Tax Expense (Benefit) -9.9833.4530.4640.4843.3218.28
Accounts receivable -11.627.988.25-7.4323.345.24
Net Cash Provided by (Used in) Operating Activities 387.40189.24251.93300.06367.49
Payments to Acquire Property, Plant, and Equipment 42.3382.41143.84182.77224.23231.32
Net Cash Provided by (Used in) Investing Activities -41.29-73.76-134.91-178.33-223.62
Net Cash Provided by (Used in) Investing Activities, Continuing Operations -178.33-223.62-221.41
Proceeds from Issuance of Long-term Debt 50100
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures -2.21-4.35-0.400.93
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures -2.21-4.35-0.400.93
Payments for Repurchase of Common Stock 5.9551.4255.00102.05101.9194.32
Payments of Ordinary Dividends, Common Stock 9.7538.6425.5976.6232.96
Net Cash Provided by (Used in) Financing Activities -20.31-248.01-114.15-308.82-117.71
Cash and Cash Equivalents, Period Increase (Decrease) 325.80-132.532.87-187.1026.16-0.98