GNC 2012 Annual Report Download - page 77
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Table of Contents
PART I—FINANCIAL INFORMATION
Item 1. Financial Statements
GNC HOLDINGS, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
(in thousands, except per share data)
December 31,
2011 2010
Current assets:
Cash and cash equivalents $ 128,438 $ 193,902
Receivables, net 114,190 102,874
Inventories (Note 3) 423,610 381,949
Prepaids and other current assets 38,777 40,569
Total current assets 705,015 719,294
Long-term assets:
Goodwill (Note 5) 637,877 625,241
Brands (Note 5) 720,000 720,000
Other intangible assets, net (Note 5) 149,589 147,224
Property, plant and equipment, net (Note 6) 198,171 193,428
Other long-term assets 18,935 19,896
Total long-term assets 1,724,572 1,705,789
Total assets $2,429,587 $2,425,083
Current liabilities:
Accounts payable 124,416 98,662
Current portion, long-term debt (Note 8) 1,592 28,070
Deferred revenue and other current liabilities (Note 7) 104,525 108,093
Total current liabilities 230,533 234,825
Long-term liabilities:
Long-term debt (Note 8) 899,950 1,030,429
Deferred tax liabilities, net (Note 4) 283,403 288,015
Other long-term liabilities 37,239 33,950
Total long-term liabilities 1,220,592 1,352,394
Total liabilities 1,451,125 1,587,219
Preferred stock, $0.001 par value, 60,000 shares authorized:
Series A, 30,500 shares designated, 30,134 shares issued, 29,867 shares outstanding and 267 shares held in treasury at
December 31, 2010 — 218,381
Stockholders' equity:
Common stock, $0.001 par value, 150,000 shares authorized:
Class A, 105,988 shares issued and 102,984 shares outstanding and 3,004 shares held in treasury at December 31, 2011 and
59,968 shares issued and 59,199 shares outstanding and 769 shares held in treasury at December 31, 2010 105 60
Class B, 2,060 shares and 28,169 issued and outstanding at December 31, 2011 and December 31, 2010, respectively 2 28
Paid-in-capital 741,848 451,728
Retained earnings 298,831 171,224
Treasury stock, at cost (65,048) (2,277)
Accumulated other comprehensive income (loss) 2,724 (1,280)
Total stockholders' equity 978,462 619,483
Total liabilities and stockholders' equity $2,429,587 $2,425,083
The accompanying notes are an integral part of the consolidated financial statements.
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