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INVACARE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
FS-52
CONSOLIDATING CONDENSED BALANCE SHEETS
The
Company
(Parent)
Combined
Guarantor
Subsidiaries
Combined
Non-Guarantor
Subsidiaries Eliminations Total
(in thousands)
December 31, 2012
Assets
Current Assets
Cash and cash equivalents . . . . $ 5,774 $ 1,018 $ 31,999 $ — $ 38,791
Trade receivables, net. . . . . . . . 71,622 37,223 89,946 — 198,791
Installment receivables, net . . . — 829 1,359 — 2,188
Inventories, net . . . . . . . . . . . . . 40,278 31,455 114,169 (2,656) 183,246
Intercompany advances, net . . . 4,077 763 64,570 (69,410) —
Other current assets. . . . . . . . . . 12,727 473 34,606 (6,030) 41,776
Assets held for sale - current . . — 103,157 — — 103,157
Total Current Assets . . . . . 134,478 174,918 336,649 (78,096) 567,949
Investment in subsidiaries. . . . . . . 1,536,898 523,176 6,888 (2,066,962) —
Intercompany advances, net . . . . . 863,973 1,468,405 173,903 (2,506,281) —
Other Assets . . . . . . . . . . . . . . . . . . 41,006 314 942 — 42,262
Other Intangibles. . . . . . . . . . . . . . 663 22,211 48,778 — 71,652
Property and Equipment, net . . . . 39,911 19,957 58,363 — 118,231
Goodwill . . . . . . . . . . . . . . . . . . . . . — 32,937 429,263 — 462,200
Total Assets. . . . . . . . . . . . . . . . . . . $ 2,616,929 $ 2,241,918 $ 1,054,786 $ (4,651,339) $ 1,262,294
Liabilities and Shareholders’
Equity
Current Liabilities
Accounts payable . . . . . . . . . . . $ 63,812 $ 9,465 $ 59,771 $ — $ 133,048
Accrued expenses . . . . . . . . . . . 36,716 18,155 86,348 (6,030) 135,189
Accrued income taxes. . . . . . . . 1,545 — 1,168 — 2,713
Intercompany advances, net . . . 61,368 2,369 5,673 (69,410) —
Short-term debt and current
maturities of long-
term obligations . . . . . . . . . . . . 4,552 7 868 — 5,427
Liabilities held for sale -
current. . . . . . . . . . . . . . . . . . . . — 23,358 — — 23,358
Total Current Liabilities . . 167,993 53,354 153,828 (75,440) 299,735
Long-Term Debt. . . . . . . . . . . . . . . 223,014 143 6,218 — 229,375
Other Long-Term Obligations . . . 52,957 — 59,238 — 112,195
Intercompany advances, net . . . . . 1,551,976 863,585 90,720 (2,506,281) —
Total Shareholders’ Equity. . . . . . 620,989 1,324,836 744,782 (2,069,618) 620,989
Total Liabilities and
Shareholders’ Equity. . . . . . . . . . . $ 2,616,929 $ 2,241,918 $ 1,054,786 $ (4,651,339) $ 1,262,294