Cemex 1999 Annual Report Download - page 47

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45
DECEMBER 31,
LIABILITIES AND STOCKHOLDERS’ EQUITY 1999 1998
CURRENT LIABILITIES
Bank loans (note 10) $ 1,074,630 3,118,475
Notes payable (note 10) 77,090 105,121
Current maturities of long-term debt (note 11) 4,054,412 3,533,605
Other accounts payable and accrued expenses 820,334 730,797
Intercompany payables (note 12) 2,971,588 11,261,989
Total current liabilities 8,998,054 18,749,987
LONG-TERM DEBT (note 11)
Bank loans 3,881,447 7,965,740
Notes payable 15,350,214 16,463,457
Current maturities of long-term debt (4,054,412) (3,533,605)
Total long-term debt 15,177,249 20,895,592
Other long-term liabilities 20,774 39,804
Total liabilities 24,196,077 39,685,383
STOCKHOLDERS’ EQUITY (note 14)
Common stock–historical cost basis 49,312 47,619
Common stock–accumulated inflation adjustments 2,737,610 2,737,532
Additional paid-in capital 18,735,835 16,737,978
Deficit in equity restatement (39,490,802) (40,884,557)
Retained earnings 58,000,661 51,927,129
Net income 9,249,046 7,960,844
Total stockholders’ equity 49,281,662 38,526,545
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 73,477,739 78,211,928