GNC 2010 Annual Report Download - page 126
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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, 2009 Issuer Subsidiaries Subsidiaries Eliminations Consolidated
(in thousands)
Current assets
Cash and cash equivalents $ 77,797 $ (4,801) $ 2,093 $ — $ 75,089
Receivables, net 895 92,273 1,187 — 94,355
Intercompany receivables 139,168 — — (139,168) —
Inventories, net — 339,975 30,517 — 370,492
Prepaids and other current assets 19,308 14,409 8,502 — 42,219
Total current assets 237,168 441,856 42,299 (139,168) 582,155
Goodwill — 624,285 468 — 624,753
Brands — 720,000 — — 720,000
Property, plant and equipment, net 7,409 163,882 28,290 — 199,581
Investment in subsidiaries 1,550,708 (7,687) — (1,543,021) —
Other assets 28,876 157,018 — (8,781) 177,113
Total assets $ 1,824,161 $ 2,099,354 $ 71,057 $ (1,690,970) $ 2,303,602
Current liabilities
Current liabilities $ 34,129 $ 154,435 $ 11,023 $ — $ 199,587
Intercompany payables — 113,359 25,809 (139,168) —
Total current liabilities 34,129 267,794 36,832 (139,168) 199,587
Long-term debt 1,052,341 32 14,493 (8,781) 1,058,085
Deferred tax liabilities (4,754) 294,087 (439) — 288,894
Other long-term liabilities 24,929 14,129 462 — 39,520
Total liabilities 1,106,645 576,042 51,348 (147,949) 1,586,086
Total stockholder's equity (deficit) 717,516 1,523,312 19,709 (1,543,021) 717,516
Total liabilities and stockholder's equity (deficit) $ 1,824,161 $ 2,099,354 $ 71,057 $ (1,690,970) $ 2,303,602
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