Rayovac 2004 Annual Report Download - page 106
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Consolidating Balance Sheet
September 30, 2003
Parent
Guarantor
Subsidiaries
Nonguarantor
Subsidiaries Eliminations
Consolidated
Total
ASSETS
Current assets:
Cash and cash equivalents ........... $ 80,016 $ 6,039 $ 21,719 $ — $ 107,774
Receivables:
Trade accounts receivables, net of
allowances ................. 65,870 24,714 164,621 — 255,205
Other ........................ 91,302 130,583 50,097 (256,606) 15,376
Inventories ....................... 54,490 50,590 119,405 (5,231) 219,254
Deferred income taxes .............. 8,197 9,986 (1,857) 2,175 18,501
Prepaid expenses and other .......... 20,367 8,435 21,903 — 50,705
Total current assets ................. 320,242 230,347 375,888 (259,662) 666,815
Property, plant and equipment, net ......... 72,586 5,341 72,682 — 150,609
Deferred charges and other ............... 72,639 1,092 212,631 (246,202) 40,160
Goodwill ............................. 19,115 271,950 107,315 — 398,380
Intangible assets, net .................... 87,902 — 165,156 (188) 252,870
Deferred income taxes .................. 7,628 (6,075) 6,789 — 8,342
Debt issuance costs ..................... 28,111 — — — 28,111
Investments in subsidiaries ............... 660,730 434,984 — (1,095,714) —
Total assets ....................... $1,268,953 $937,639 $940,461 $(1,601,766) $1,545,287
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt . . . $ 45,209 $ 56,095 $ 9,780 $ (38,232) $ 72,852
Accounts payable .................. 89,407 180,484 124,928 (222,187) 172,632
Accrued liabilities:
Wages and benefits ............. 9,171 5,190 22,219 — 36,580
Income taxes payable ........... 2,992 22 17,555 — 20,569
Restructuring and related
charges .................... 4,080 — 1,670 — 5,750
Accrued interest ............... 3,309 2,270 (685) — 4,894
Other ........................ 7,471 31,432 44,834 — 83,737
Total current liabilities .......... 161,639 275,493 220,301 (260,419) 397,014
Long-term debt, net of current maturities . . . 848,811 44 263,990 (242,305) 870,540
Employee benefit obligations, net of current
portion ............................. 28,832 691 33,521 — 63,044
Other ................................ 7,953 681 4,053 — 12,687
Total liabilities .................... 1,047,235 276,909 521,865 (502,724) 1,343,285
Shareholders’ equity:
Common stock .................... 619 1 12,716 (12,716) 620
Additional paid-in capital ............ 185,442 492,450 348,353 (840,684) 185,561
Retained earnings .................. 161,163 165,735 68,017 (230,212) 164,703
Accumulated other comprehensive
income (loss) ................... 10,919 2,544 (10,490) (15,430) (12,457)
Notes receivable from officers/
shareholders .................... (3,605) — — — (3,605)
354,538 660,730 418,596 (1,099,042) 334,822
Less treasury stock, at cost ........... (130,070) — — — (130,070)
Less unearned restricted stock
compensation ................... (2,750) — — — (2,750)
Total shareholders’ equity ........... 221,718 660,730 418,596 (1,099,042) 202,002
Total liabilities and shareholders’
equity ......................... $1,268,953 $937,639 $940,461 $(1,601,766) $1,545,287
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