Lexmark 2015 Annual Report Download - page 64

Download and view the complete annual report

Please find page 64 of the 2015 Lexmark annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 141

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141

60
Lexmark International, Inc. and Subsidiaries
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
As of December 31, 2015 and 2014
(In Millions, Except Par Value)
2015
2014
ASSETS
Current assets:
Cash and cash equivalents
$
158.3
$
309.3
Marketable securities
–
624.6
Trade receivables, net of allowances of $24.4 in 2015 and $22.2 in 2014
434.2
424.1
Inventories
231.9
253.0
Prepaid expenses and other current assets
204.9
218.7
Total current assets
1,029.3
1,829.7
Property, plant and equipment, net
740.2
786.1
Goodwill
1,325.1
603.4
Intangibles, net
532.5
264.3
Other assets
285.3
201.0
Total assets
$
3,912.4
$
3,684.5
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable
$
501.7
$
532.8
Accrued liabilities
669.8
672.3
Total current liabilities
1,171.5
1,205.1
Long-term debt, net of unamortized issuance costs
1,061.3
696.5
Other liabilities
561.6
492.3
Total liabilities
2,794.4
2,393.9
Commitments and contingencies
Stockholders' equity:
Preferred stock, $.01 par value, 1.6 shares authorized; no shares issued and
outstanding
–
–
Common stock, $.01 par value:
Class A, 900.0 shares authorized; 61.9 and 61.3 outstanding in 2015 and
2014, respectively
1.0
1.0
Class B, 10.0 shares authorized; no shares issued and outstanding
–
–
Capital in excess of par
1,025.9
955.7
Retained earnings
1,292.8
1,425.0
Treasury stock, net; at cost; 36.4 and 35.7 shares in 2015 and 2014,
respectively
(1,036.7)
(1,006.4)
Accumulated other comprehensive loss
(165.0)
(84.7)
Total stockholders' equity
1,118.0
1,290.6
Total liabilities and stockholders' equity
$
3,912.4
$
3,684.5
See notes to consolidated financial statements.