GNC 2009 Annual Report Download - page 120
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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
Successor Parent/ Guarantor Non-Guarantor
December 31, 2007 Issuer Subsidiaries Subsidiaries Eliminations Consolidated
(in thousands)
Current assets
Cash and cash equivalents $ — $ 26,090 $ 2,764 $ — $ 28,854
Receivables, net 128 84,253 285 — 84,666
Intercompany receivables — 79,441 — (79,441) —
Inventories, net — 311,655 22,494 — 334,149
Other current assets 251 45,694 4,558 — 50,503
Total current assets 379 547,133 30,101 (79,441) 498,172
Goodwill — 625,869 401 — 626,270
Brands — 720,000 — — 720,000
Property, plant and equipment, net — 166,440 24,408 — 190,848
Investment in subsidiaries 1,742,216 9,684 — (1,751,900) —
Other assets 26,378 186,745 — (8,781) 204,342
Total assets $ 1,768,973 $ 2,255,871 $ 54,910 $ (1,840,122) $ 2,239,632
Current liabilities
Current liabilities $ 20,015 $ 205,433 $ 14,636 $ — $ 240,084
Intercompany payables 66,359 — 13,082 (79,441) —
Total current liabilities 86,374 205,433 27,718 (79,441) 240,084
Long-term debt 1,070,434 23 17,274 (8,781) 1,078,950
Deferred tax liabilities (2,051) 269,839 — — 267,788
Other long-term liabilities 5,491 38,360 234 — 44,085
Total liabilities 1,160,248 513,655 45,226 (88,222) 1,630,907
Total stockholder's equity (deficit) 608,725 1,742,216 9,684 (1,751,900) 608,725
Total liabilities and stockholder's equity (deficit) $ 1,768,973 $ 2,255,871 $ 54,910 $ (1,840,122) $ 2,239,632
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