Avon 2000 Annual Report Download - page 19

49
December 31 2000 1999
Assets
Current assets
Cash, including cash equivalents of $23.9 and $49.6 $ 122.7 $ 117.4
Accounts receivable (less allowance for doubtful accounts of $39.2 and $40.0) 499.0 495.6
Income tax receivable 95.2 —
Inventories 610.6 523.5
Prepaid expenses and other 218.2 201.3
Total current assets 1,545.7 1,337.8
Property, plant and equipment, at cost
Land 53.0 55.1
Buildings and improvements 659.5 653.4
Equipment 810.6 763.5
1,523.1 1,472.0
Less accumulated depreciation 754.7 737.2
768.4 734.8
Other assets 512.3 456.0
Total assets $2,826.4 $2,528.6
Liabilities and Shareholders’ (Deficit) Equity
Current liabilities
Debt maturing within one year $ 105.4 $ 306.0
Accounts payable 391.3 435.9
Accrued compensation 138.2 165.8
Other accrued liabilities 251.7 411.6
Sales and taxes other than income 101.1 107.5
Income taxes 371.6 286.0
Total current liabilities 1,359.3 1,712.8
Long-term debt 1,108.2 701.4
Employee benefit plans 397.2 398.1
Deferred income taxes 31.3 36.7
Other liabilities (including minority interest of $30.7 and $32.7) 95.2 85.7
Commitments and contingencies (Note 14)
Share repurchase commitments (Note 2)51.0 —
Shareholders’ (deficit) equity
Common stock, par value $.25– authorized: 800,000,000 shares;
issued 354,535,840 and 352,575,924 shares 88.6 88.1
Additional paid-in capital 824.1 819.4
Retained earnings 1,139.8 837.2
Accumulated other comprehensive loss (399.1) (349.7)
Treasury stock, at cost –116,373,394 and 114,680,525 shares (1,869.2) (1,801.1)
Total shareholders’ (deficit) equity (215.8) (406.1)
Total liabilities and shareholders’ (deficit) equity $2,826.4 $2,528.6
The accompanying notes are an integral part of these statements.
Consolidated Balance Sheets
Avon Products, Inc.
In millions, except share data