Columbia Sportswear 2010 Annual Report Download - page 49

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COLUMBIA SPORTSWEAR COMPANY
CONSOLIDATED BALANCE SHEETS
(In thousands)
December 31,
2010 2009
ASSETS
Current Assets:
Cash and cash equivalents ............................................ $ 234,257 $ 386,664
Short-term investments .............................................. 68,812 22,759
Accounts receivable, net (Note 4) ...................................... 300,181 226,548
Inventories, net (Note 5) ............................................. 314,298 222,161
Deferred income taxes (Note 10) ...................................... 45,091 31,550
Prepaid expenses and other current assets ............................... 28,241 32,030
Total current assets ............................................. 990,880 921,712
Property, plant, and equipment, net (Note 6) ................................. 221,813 235,440
Intangible assets, net (Note 7) ............................................. 40,423 27,127
Goodwill (Note 7) ...................................................... 14,470 12,659
Other non-current assets ................................................. 27,168 15,945
Total assets ................................................... $1,294,754 $1,212,883
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Accounts payable .................................................. $ 130,626 $ 102,494
Accrued liabilities (Note 9) ........................................... 102,810 67,312
Income taxes payable (Note 10) ....................................... 16,037 6,884
Deferred income taxes (Note 10) ...................................... 2,153 2,597
Total current liabilities .......................................... 251,626 179,287
Income taxes payable (Note 10) ........................................... 19,698 19,830
Deferred income taxes (Note 10) .......................................... — 1,494
Other long-term liabilities (Note 11) ........................................ 21,456 15,044
Total liabilities ................................................ 292,780 215,655
Commitments and contingencies (Note 13)
Shareholders’ Equity:
Preferred stock; 10,000 shares authorized; none issued and outstanding ........ — —
Common stock (no par value); 125,000 shares authorized; 33,683 and 33,736
issued and outstanding (Note 14) .................................... 5,052 836
Retained earnings (Note 14) .......................................... 950,207 952,948
Accumulated other comprehensive income (Note 17) ...................... 46,715 43,444
Total shareholders’ equity ........................................ 1,001,974 997,228
Total liabilities and shareholders’ equity ............................ $1,294,754 $1,212,883
See accompanying notes to consolidated financial statements.
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