GNC 2009 Annual Report Download - page 71

Table of Contents
GENERAL NUTRITION CENTERS, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(in thousands, except share data)
December 31, December 31,
2008 2007
Current assets:
Cash and cash equivalents $ 42,307 $ 28,854
Receivables, net (Note 3) 89,413 84,666
Inventories, net (Note 4) 363,654 334,149
Deferred tax assets, net (Note 5) 11,455 17,029
Prepaids and other current assets (Note 6) 47,952 33,474
Total current assets 554,781 498,172
Long-term assets:
Goodwill (Note 7) 622,909 626,270
Brands (Note 7) 720,000 720,000
Other intangible assets, net (Note 7) 163,176 172,872
Property, plant and equipment, net (Note 8) 206,154 190,848
Deferred financing fees, net (Note 2) 22,470 26,377
Other long-term assets (Note 9) 2,518 5,093
Total long-term assets 1,737,227 1,741,460
Total assets $ 2,292,008 $ 2,239,632
Current liabilities:
Accounts payable $ 123,577 $ 101,953
Accrued payroll and related liabilities (Note 10) 22,582 27,477
Accrued income taxes (Note 5) — 1,878
Accrued interest (Note 12) 15,745 18,110
Current portion, long-term debt (Note 12) 13,509 8,031
Deferred revenue and other current liabilities (Note 11) 74,309 82,635
Total current liabilities 249,722 240,084
Long-term liabilities:
Long-term debt (Note 12) 1,071,237 1,078,950
Deferred tax liabilities, net (Note 5) 278,003 267,788
Other long-term liabilities (Note 13) 40,984 44,085
Total long-term liabilities 1,390,224 1,390,823
Total liabilities 1,639,946 1,630,907
Stockholder's equity:
Common stock, $0.01 par value, 1,000 shares authorized, 100 shares issued and outstanding (Note 17) — —
Paid-in-capital 592,355 590,593
Retained earnings 73,764 18,984
Accumulated other comprehensive income (loss) (14,057) (852)
Total stockholder's equity 652,062 608,725
Total liabilities and stockholder's equity $ 2,292,008 $ 2,239,632
The accompanying notes are an integral part of the consolidated financial statements.
65