10-Q Filing

ROSS STORES, INC. CIK: 745732 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000745732-13-000010`
Period End Date	20130430
Filing Date	20130612
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	rost-20130504.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 100 Income Statement 33 Cash Flow Statement 62 Comprehensive Income 6

Balance Sheet 100 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$714.17M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$646.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$649.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$741.12M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.09M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$1.04M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$463.00K	USD	Point-in-time
Accounts receivable	`ReceivablesNetCurrent`	$77.28M	USD	Point-in-time
Accounts receivable	`ReceivablesNetCurrent`	$66.63M	USD	Point-in-time
Accounts receivable	`ReceivablesNetCurrent`	$59.62M	USD	Point-in-time
Merchandise inventory	`InventoryNet`	$1.21B	USD	Point-in-time
Merchandise inventory	`InventoryNet`	$1.13B	USD	Point-in-time
Merchandise inventory	`InventoryNet`	$1.23B	USD	Point-in-time
Prepaid expenses and other	`OtherAssetsCurrent`	$111.41M	USD	Point-in-time
Prepaid expenses and other	`OtherAssetsCurrent`	$94.32M	USD	Point-in-time
Prepaid expenses and other	`OtherAssetsCurrent`	$104.22M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$20.41M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$22.85M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetCurrent`	$11.85M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.03B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.06B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.15B	USD	Point-in-time
Land and buildings	`LandAndBuildings`	$373.07M	USD	Point-in-time
Land and buildings	`LandAndBuildings`	$342.36M	USD	Point-in-time
Land and buildings	`LandAndBuildings`	$372.66M	USD	Point-in-time
Fixtures and equipment	`FurnitureAndFixturesGross`	$1.47B	USD	Point-in-time
Fixtures and equipment	`FurnitureAndFixturesGross`	$1.55B	USD	Point-in-time
Fixtures and equipment	`FurnitureAndFixturesGross`	$1.58B	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$732.67M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$675.80M	USD	Point-in-time
Leasehold improvements	`LeaseholdImprovementsGross`	$759.23M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$280.06M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$258.69M	USD	Point-in-time
Construction-in-progress	`ConstructionInProgressGross`	$83.29M	USD	Point-in-time
Property and equipment, gross	`PropertyPlantAndEquipmentGross`	$2.92B	USD	Point-in-time
Property and equipment, gross	`PropertyPlantAndEquipmentGross`	$2.57B	USD	Point-in-time
Property and equipment, gross	`PropertyPlantAndEquipmentGross`	$2.99B	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.46B	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.42B	USD	Point-in-time
Less accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.33B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.53B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.49B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.25B	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$5.61M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$4.37M	USD	Point-in-time
Long-term investments	`LongTermInvestments`	$4.30M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$158.70M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$146.29M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$141.48M	USD	Point-in-time
Total assets	`Assets`	$3.67B	USD	Point-in-time
Total assets	`Assets`	$3.46B	USD	Point-in-time
Total assets	`Assets`	$3.84B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$859.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$807.53M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$830.04M	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$320.42M	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$284.11M	USD	Point-in-time
Accrued expenses and other	`AccruedLiabilitiesCurrent`	$328.69M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$241.13M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$168.09M	USD	Point-in-time
Accrued payroll and benefits	`EmployeeRelatedLiabilitiesCurrent`	$148.77M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$107.72M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$110.83M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$53.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.42B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.37B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.47B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$150.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$150.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$150.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$261.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$211.78M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$246.81M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$-89.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$-84.30M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$-114.44M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock	`CommonStockValue`	$2.19M	USD	Point-in-time
Common stock	`CommonStockValue`	$2.26M	USD	Point-in-time
Common stock	`CommonStockValue`	$2.21M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$897.79M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$866.52M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$826.39M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$91.71M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$85.39M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$117.56M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$586.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$626.00K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$585.00K	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$989.26M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$866.75M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.09B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.77B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.88B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.61B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.67B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.46B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.84B	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Sales	`SalesRevenueNet`	$2.54B	USD	1 Quarter
Sales	`SalesRevenueNet`	$2.36B	USD	1 Quarter
Costs of goods sold	`CostOfGoodsSold`	$1.80B	USD	1 Quarter
Costs of goods sold	`CostOfGoodsSold`	$1.68B	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$361.97M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$337.81M	USD	1 Quarter
Interest expense, net	`InterestExpenseNet`	$209.00K	USD	1 Quarter
Interest expense, net	`InterestExpenseNet`	$2.23M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$2.02B	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$2.16B	USD	1 Quarter
Earnings before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$378.93M	USD	1 Quarter
Earnings before taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$337.67M	USD	1 Quarter
Provision for taxes on earnings	`IncomeTaxExpenseBenefit`	$144.31M	USD	1 Quarter
Provision for taxes on earnings	`IncomeTaxExpenseBenefit`	$129.06M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$234.61M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$208.61M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.09	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.94	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.93	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.07	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	215.41M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	221.10M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	224.93M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	218.50M	shares	1 Quarter
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.14	USD	Point-in-time
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.17	USD	Point-in-time
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.14	USD	Point-in-time
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.14	USD	Point-in-time
Cash dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.14	USD	Point-in-time
Stores open at end of period (in number of stores)	`NumberOfStores`	1,227.00	store	Point-in-time
Stores open at end of period (in number of stores)	`NumberOfStores`	1,146.00	store	Point-in-time

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$234.61M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$208.61M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.14M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$48.73M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$11.59M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$11.79M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.26M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-339.00K	USD	1 Quarter
Tax benefit from equity issuance	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$-20.34M	USD	1 Quarter
Tax benefit from equity issuance	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$-23.12M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$22.66M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$20.11M	USD	1 Quarter
Merchandise inventory	`IncreaseDecreaseInInventories`	$4.63M	USD	1 Quarter
Merchandise inventory	`IncreaseDecreaseInInventories`	$17.21M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$28.89M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$31.20M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$89.62M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$100.18M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$-33.79M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherOperatingLiabilities`	$8.08M	USD	1 Quarter
Other long-term, net	`IncreaseDecreaseInOperatingLiabilities`	$5.96M	USD	1 Quarter
Other long-term, net	`IncreaseDecreaseInOperatingLiabilities`	$1.01M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$297.33M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$352.86M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$57.99M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$97.55M	USD	1 Quarter
Increase in restricted cash and investments	`IncreaseDecreaseInRestrictedCashAndInvestments`	$12.25M	USD	1 Quarter
Increase in restricted cash and investments	`IncreaseDecreaseInRestrictedCashAndInvestments`	$13.41M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$424.00K	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	-	USD	1 Quarter
Proceeds from investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$618.00K	USD	1 Quarter
Proceeds from investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$107.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-109.70M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-71.21M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$22.66M	USD	1 Quarter
Excess tax benefit from stock-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$20.11M	USD	1 Quarter
Issuance of common stock related to stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$7.96M	USD	1 Quarter
Issuance of common stock related to stock plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$5.77M	USD	1 Quarter
Treasury stock purchased	`PaymentsForRepurchaseOfOtherEquity`	$23.12M	USD	1 Quarter
Treasury stock purchased	`PaymentsForRepurchaseOfOtherEquity`	$25.85M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$138.30M	USD	1 Quarter
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$110.61M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$31.72M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$37.48M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-134.84M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-175.75M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$67.41M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$91.28M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$714.17M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$646.76M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$649.84M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$741.12M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$714.17M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$646.76M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$649.84M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$741.12M	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	1 Quarter
Interest paid	`InterestPaid`	-	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$30.26M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$59.23M	USD	1 Quarter
Increase (decrease) in fair value of investment securities	`IncreaseDecreaseInAvailableForSaleSecurities`	$2.00K	USD	1 Quarter
Increase (decrease) in fair value of investment securities	`IncreaseDecreaseInAvailableForSaleSecurities`	$-13.00K	USD	1 Quarter

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$234.61M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$208.61M	USD	1 Quarter
Change in unrealized gain (loss) on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$1.00K	USD	1 Quarter
Change in unrealized gain (loss) on investments, net of tax	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-9.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$234.61M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$208.60M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.