Columbia Sportswear 2011 Annual Report Download - page 49

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COLUMBIA SPORTSWEAR COMPANY
CONSOLIDATED BALANCE SHEETS
(In thousands)
December 31,
2011 2010
ASSETS
Current Assets:
Cash and cash equivalents ............................................ $ 241,034 $ 234,257
Short-term investments .............................................. 2,878 68,812
Accounts receivable, net (Note 4) ...................................... 351,538 300,181
Inventories, net (Note 5) ............................................. 365,199 314,298
Deferred income taxes (Note 10) ...................................... 52,485 45,091
Prepaid expenses and other current assets ............................... 36,392 28,241
Total current assets ............................................. 1,049,526 990,880
Property, plant, and equipment, net (Note 6) ................................. 250,910 221,813
Intangible assets, net (Note 7) ............................................. 39,020 40,423
Goodwill (Note 7) ...................................................... 14,438 14,470
Other non-current assets ................................................. 28,648 27,168
Total assets ................................................... $1,382,542 $1,294,754
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Accounts payable .................................................. $ 148,973 $ 130,626
Accrued liabilities (Note 9) ........................................... 104,496 102,810
Income taxes payable (Note 10) ....................................... 12,579 16,037
Deferred income taxes (Note 10) ...................................... 954 2,153
Total current liabilities .......................................... 267,002 251,626
Other long-term liabilities (Note 11) ........................................ 23,853 21,456
Income taxes payable (Note 10) ........................................... 15,389 19,698
Deferred income taxes (Note 10) .......................................... 1,753 —
Total liabilities ................................................ 307,997 292,780
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; 33,638 and 33,683
issued and outstanding (Note 14) .................................... 3,037 5,052
Retained earnings .................................................. 1,024,611 950,207
Accumulated other comprehensive income (Note 17) ...................... 46,897 46,715
Total shareholders’ equity ........................................ 1,074,545 1,001,974
Total liabilities and shareholders’ equity ............................ $1,382,542 $1,294,754
See accompanying notes to consolidated financial statements
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