GNC 2009 Annual Report Download - page 119
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Table of Contents
GENERAL NUTRITION CENTERS, INC. AND SUBSIDIARIES
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
Supplemental Condensed Consolidating Balance Sheets
Combined Combined
Parent/ Guarantor Non-Guarantor
December 31, 2008 Issuer Subsidiaries Subsidiaries Eliminations Consolidated
(in thousands)
Current assets
Cash and cash equivalents $ — $ 40,077 $ 2,230 $ — $ 42,307
Receivables, net 369 88,972 72 — 89,413
Intercompany receivables — 87,554 — (87,554) —
Inventories, net — 342,085 21,569 — 363,654
Prepaids and other current assets (82) 55,520 3,969 — 59,407
Total current assets 287 614,208 27,840 (87,554) 554,781
Goodwill — 622,441 468 — 622,909
Brands — 720,000 — — 720,000
Property, plant and equipment, net — 180,494 25,660 — 206,154
Investment in subsidiaries 1,797,306 10,482 — (1,807,788) —
Other assets 22,470 174,475 — (8,781) 188,164
Total assets $ 1,820,063 $ 2,322,100 $ 53,968 $ (1,904,123) $ 2,292,008
Current liabilities
Current liabilities $ 20,644 $ 220,120 $ 8,958 $ — $ 249,722
Intercompany payables 69,244 — 18,310 (87,554) —
Total current liabilities 89,888 220,120 27,268 (87,554) 249,722
Long-term debt 1,064,024 30 15,964 (8,781) 1,071,237
Deferred tax liabilities (4,813) 282,816 — — 278,003
Other long-term liabilities 18,902 21,828 254 — 40,984
Total liabilities 1,168,001 524,794 43,486 (96,335) 1,639,946
Total stockholder's equity (deficit) 652,062 1,797,306 10,482 (1,807,788) 652,062
Total liabilities and stockholder's equity (deficit) $ 1,820,063 $ 2,322,100 $ 53,968 $ (1,904,123) $ 2,292,008
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