Rayovac 2009 Annual Report Download - page 211

Table of Contents
Index to Financial Statements Successor Company
Consolidating Statement of Financial Position
September 30, 2009
Parent Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents $ 1,450 $ 3,364 $ 92,986 $ — $ 97,800
Receivables:
Trade accounts receivables, net of allowances 46,422 63,677 164,384 — 274,483
Other 426,194 496,125 (52,766) (844,585) 24,968
Inventories 84,267 116,291 143,701 (2,754) 341,505
Deferred income taxes 16,407 9,149 2,153 428 28,137
Assets held for sale — 321 11,549 — 11,870
Prepaid expenses and other 15,530 6,062 18,381 — 39,973
Total current assets 590,270 694,989 380,388 (846,911) 818,736
Property, plant and equipment, net 59,229 42,888 110,244 — 212,361
Long term intercompany receivables 379,000 488,077 (861,730) (5,347) —
Deferred charges and other 7,462 2,463 25,009 — 34,934
Goodwill 67,722 277,691 137,935 — 483,348
Intangible assets, net 546,480 530,807 384,846 (188) 1,461,945
Debt issuance costs 9,422 — — — 9,422
Investments in subsidiaries 4,196,025 3,359,913 3,440,646 (10,996,584) —
Total assets $5,855,610 $5,396,828 $ 3,617,338 $(11,849,030) $ 3,020,746
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current maturities of long−term debt $ 248,787 $ 11 $ 4,382 $ (199,602) $ 53,578
Accounts payable 510,608 577,291 136,787 (1,038,451) 186,235
Accrued liabilities:
Wages and benefits 39,138 15,519 33,786 — 88,443
Income taxes payable 293 (372) 22,029 — 21,950
Restructuring and related charges 15,218 1,856 9,129 — 26,203
Accrued interest 8,514 — 164 — 8,678
Other 48,640 20,438 40,903 — 109,981
Total current liabilities 871,198 614,743 247,180 (1,238,053) 495,068
Long−term debt, net of current maturities 1,518,790 402,980 (106,686) (285,127) 1,529,957
Employee benefit obligations, net of current portion 11,667 953 43,235 — 55,855
Deferred income taxes 12,506 179,049 35,943 — 227,498
Other 11,892 3,078 37,754 (1,235) 51,489
Total liabilities 2,426,053 1,200,803 257,425 (1,524,415) 2,359,867
Shareholders’ equity:
Common stock 300 451 613,335 (613,786) 300
Additional paid−in capital 724,679 2,166,066 3,300,215 (5,466,164) 724,796
Retained earnings (accumulated deficit) 54,073 101,822 (630,365) 403,685 (70,785)
Accumulated other comprehensive income (deficit) 2,650,505 1,927,686 (1,648) (4,569,974) 6,569
3,429,557 4,196,025 3,281,537 (10,246,239) 660,880
Less treasury stock, at cost — — 78,376 (78,376) —
Total shareholders’ equity (deficit) 3,429,557 4,196,025 3,359,913 (10,324,615) 660,880
Total liabilities and shareholders’ equity $5,855,610 $5,396,828 $ 3,617,338 $(11,849,030) $ 3,020,746
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