Columbia Sportswear 2014 Annual Report Download - page 49

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COLUMBIA SPORTSWEAR COMPANY
See accompanying notes to consolidated financial statements
45
CONSOLIDATED BALANCE SHEETS
(In thousands)
December 31,
2014 2013
ASSETS
Current Assets:
Cash and cash equivalents $ 413,558 $ 437,489
Short-term investments 27,267 91,755
Accounts receivable, net (Note 6) 344,390 306,878
Inventories 384,650 329,228
Deferred income taxes (Note 11) 57,001 52,041
Prepaid expenses and other current assets 39,175 33,081
Total current assets 1,266,041 1,250,472
Property, plant, and equipment, net (Note 7) 291,563 279,373
Intangible assets, net (Notes 3, 8) 143,731 36,288
Goodwill (Notes 3, 8) 68,594 14,438
Other non-current assets 22,280 25,017
Total assets $ 1,792,209 $ 1,605,588
LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable $ 214,275 $ 173,557
Accrued liabilities (Note 10) 144,288 120,397
Income taxes payable (Note 11) 14,388 7,251
Deferred income taxes (Note 11) 169 49
Total current liabilities 373,120 301,254
Note payable to related party (Note 22) 15,728 —
Other long-term liabilities (Notes 12, 13) 35,435 29,527
Income taxes payable (Note 11) 9,388 13,984
Deferred income taxes (Note 11) 3,304 7,959
Total liabilities 436,975 352,724
Commitments and contingencies (Note 14)
Shareholders’ Equity:
Preferred stock; 10,000 shares authorized; none issued and outstanding — —
Common stock (no par value); 250,000 shares authorized; 69,828 and 69,190 issued
and outstanding (Note 15) 72,700 52,325
Retained earnings 1,255,070 1,157,733
Accumulated other comprehensive income (Note 18) 15,833 35,360
Total Columbia Sportswear Company shareholders’ equity 1,343,603 1,245,418
Non-controlling interest (Note 5) 11,631 7,446
Total equity 1,355,234 1,252,864
Total liabilities and equity $ 1,792,209 $ 1,605,588