Columbia Sportswear 2004 Annual Report Download - page 39

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COLUMBIA SPORTSWEAR COMPANY
CONSOLIDATED BALANCE SHEETS
(In thousands)
December 31,
2004 2003
ASSETS
Current Assets:
Cash and cash equivalents ............................................... $130,023 $104,135
Short-term investments ................................................. 160,205 160,450
Accounts receivable, net (Note 2) ......................................... 267,653 206,024
Inventories, net (Note 4) ................................................ 165,426 126,808
Deferred income taxes (Note 10) ......................................... 22,190 17,442
Prepaid expenses and other current assets .................................. 10,536 5,371
Total current assets ................................................ 756,033 620,230
Property, plant, and equipment, net (Note 5) .................................... 155,013 126,247
Intangibles and other assets (Note 2) .......................................... 26,241 25,132
Goodwill (Note 2) ......................................................... 12,157 12,157
Total assets ...................................................... $949,444 $783,766
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Accounts payable ..................................................... $ 78,309 $ 62,432
Accrued liabilities (Note 7) .............................................. 49,789 42,303
Deferred income taxes (Note 10) ......................................... 1,763 1,486
Incometaxespayable .................................................. 11,819 8,069
Current portion of long-term debt (Note 8) .................................. 5,216 4,596
Total current liabilities ............................................. 146,896 118,886
Long-term debt and other liabilities (Note 8) .................................... 12,636 16,335
Deferred income taxes (Note 10) ............................................. 9,662 7,716
Total liabilities ................................................... 169,194 142,937
Commitments and contingencies (Note 12) .....................................
Shareholders’ Equity:
Preferred stock; 10,000 shares authorized; none issued and outstanding ........... — —
Common stock; 125,000 shares authorized; 40,126 and 40,253 issued and
outstanding (Note 9) ................................................. 164,317 182,188
Retained earnings ..................................................... 573,988 435,364
Accumulated other comprehensive income (Note 15) ......................... 41,945 23,277
Total shareholders’ equity ........................................... 780,250 640,829
Total liabilities and shareholders’ equity ............................... $949,444 $783,766
See accompanying notes to consolidated financial statements.
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