Columbia Sportswear 2009 Annual Report Download - page 47

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COLUMBIA SPORTSWEAR COMPANY
CONSOLIDATED BALANCE SHEETS
(In thousands)
December 31,
2009 2008
ASSETS
Current Assets:
Cash and cash equivalents ............................................ $ 386,664 $ 230,617
Short-term investments .............................................. 22,759 22,433
Accounts receivable, net (Note 2) ...................................... 226,548 299,585
Inventories, net (Note 3) ............................................. 222,161 256,312
Deferred income taxes (Note 9) ....................................... 31,550 33,867
Prepaid expenses and other current assets ............................... 32,030 29,705
Total current assets ............................................. 921,712 872,519
Property, plant, and equipment, net (Note 4) ................................. 235,440 229,693
Intangibles and other non-current assets (Notes 2 and 9) ........................ 43,072 33,365
Goodwill (Note 2) ...................................................... 12,659 12,659
Total assets ................................................... $1,212,883 $1,148,236
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Accounts payable .................................................. $ 102,494 $ 104,354
Accrued liabilities (Note 6) ........................................... 67,312 58,148
Income taxes payable (Note 9) ........................................ 6,884 8,718
Deferred income taxes (Note 9) ....................................... 2,597 1,969
Total current liabilities .......................................... 179,287 173,189
Income taxes payable (Note 9) ............................................ 19,830 20,412
Deferred income taxes (Note 9) ........................................... 1,494 —
Other long-term liabilities (Note 7) ......................................... 15,044 10,545
Total liabilities ................................................ 215,655 204,146
Commitments and contingencies (Note 11)
Shareholders’ Equity:
Preferred stock; 10,000 shares authorized; none issued and outstanding ........ — —
Common stock (no par value); 125,000 shares authorized; 33,736 and 33,865
issued and outstanding (Note 8) ..................................... 836 1,481
Retained earnings (Note 8) ........................................... 952,948 909,443
Accumulated other comprehensive income (Note 14) ...................... 43,444 33,166
Total shareholders’ equity ........................................ 997,228 944,090
Total liabilities and shareholders’ equity ............................ $1,212,883 $1,148,236
See accompanying notes to consolidated financial statements.
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