GNC 2010 Annual Report Download - page 76

Table of Contents
GENERAL NUTRITION CENTERS, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(in thousands, except share data)
December 31, December 31,
2009 2008
Current assets:
Cash and cash equivalents $ 75,089 $ 42,307
Receivables, net (Note 3) 94,355 89,413
Inventories, net (Note 4) 370,492 363,654
Deferred tax assets, net (Note 5) — 11,455
Prepaids and other current assets (Note 6) 42,219 47,952
Total current assets 582,155 554,781
Long-term assets:
Goodwill (Note 7) 624,753 622,909
Brands (Note 7) 720,000 720,000
Other intangible assets, net (Note 7) 154,370 163,176
Property, plant and equipment, net (Note 8) 199,581 206,154
Deferred financing fees, net (Note 2) 18,411 22,470
Other long-term assets (Note 9) 4,332 2,518
Total long-term assets 1,721,447 1,737,227
Total assets $ 2,303,602 $ 2,292,008
Current liabilities:
Accounts payable $ 95,904 $ 123,577
Accrued payroll and related liabilities (Note 10) 22,277 22,582
Accrued interest (Note 12) 14,552 15,745
Current portion, long-term debt (Note 12) 1,724 13,509
Deferred revenue and other current liabilities (Note 11) 65,130 74,309
Total current liabilities 199,587 249,722
Long-term liabilities:
Long-term debt (Note 12) 1,058,085 1,071,237
Deferred tax liabilities, net (Note 5) 288,894 278,003
Other long-term liabilities (Note 13) 39,520 40,984
Total long-term liabilities 1,386,499 1,390,224
Total liabilities 1,586,086 1,639,946
Stockholder's equity:
Common stock, $0.01 par value,
1,000 shares authorized, 100 shares issued and outstanding (Note 17) — —
Paid-in-capital 594,932 592,355
Retained earnings 129,783 73,764
Accumulated other comprehensive loss (Note 17) (7,199) (14,057)
Total stockholder's equity 717,516 652,062
Total liabilities and stockholder's equity $ 2,303,602 $ 2,292,008
The accompanying notes are an integral part of the consolidated financial statements.
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