URBAN OUTFITTERS, INC. Consolidated Balance Sheets (in thousands, except share and per share data) January 31, 2009 2008 ASSETS Current assets: Cash and cash equivalents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 316,035 $ 105,271 Marketable securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49,948 80,127 Accounts receivable, net of allowance for doubtful accounts of $1,229 and $966, respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36,390 26,365 Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 169,698 171,925 Prepaid expenses and other current assets . . . . . . . . . . . . . . . . . . . . . . . 46,412 46,238 Deferred taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,919 3,684 Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 624,402 433,610 Property and equipment, net . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 505,407 488,889 Marketable securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155,226 188,252 Deferred income taxes and other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43,974 32,040 Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,329,009 $1,142,791 LIABILITIES AND SHAREHOLDERS