Rayovac 2013 Annual Report Download - page 88

SPECTRUM BRANDS HOLDINGS, INC.
Consolidated Statements of Financial Position
September 30, 2013 and September 30, 2012
(Amounts in thousands, except per share figures)
September 30, 2013 September 30, 2012
Assets
Current assets:
Cash and cash equivalents ................................... $ 207,257 $ 157,961
Receivables:
Trade accounts receivable, net of allowances of $37,376 and
$21,870, respectively ................................. 481,313 335,301
Other ............................................... 65,620 38,116
Inventories ............................................... 632,923 452,633
Deferred income taxes, net .................................. 32,959 28,143
Prepaid expenses and other .................................. 62,833 49,273
Total current assets ................................ 1,482,905 1,061,427
Property, plant and equipment, net ................................ 412,551 214,017
Deferred charges and other ...................................... 26,050 27,711
Goodwill .................................................... 1,476,672 694,245
Intangible assets, net ........................................... 2,163,166 1,714,929
Debt issuance costs ............................................ 65,329 39,320
Total assets ....................................... $5,626,673 $3,751,649
Liabilities and Shareholders’ Equity
Current liabilities:
Current maturities of long-term debt ........................... $ 102,921 $ 16,414
Accounts payable .......................................... 525,519 325,023
Accrued liabilities:
Wages and benefits .................................... 82,056 82,119
Income taxes payable ................................... 32,613 30,272
Accrued interest ....................................... 36,731 30,473
Other ............................................... 172,530 126,330
Total current liabilities .............................. 952,370 610,631
Long-term debt, net of current maturities ........................... 3,115,942 1,652,886
Employee benefit obligations, net of current portion .................. 96,612 89,994
Deferred income taxes, net ...................................... 492,774 377,465
Other ....................................................... 28,879 31,578
Total liabilities .................................... 4,686,577 2,762,554
Commitments and contingencies
Shareholders’ equity:
Common stock, $.01 par value, authorized 200,000 shares; issued
53,579 and 52,799 shares, respectively; outstanding 52,210 and
51,483 shares ........................................... 535 528
Additional paid-in capital ................................... 1,410,738 1,399,261
Accumulated deficit ........................................ (435,911) (340,647)
Accumulated other comprehensive loss ........................ (38,521) (33,435)
936,841 1,025,707
Less treasury stock, at cost, 1,369 and 1,316 shares, respectively ........ (39,820) (36,612)
Total shareholders’ equity ........................... 897,021 989,095
Noncontrolling interest ......................................... 43,075 —
Total equity ...................................... 940,096 989,095
Total liabilities and equity ........................... $5,626,673 $3,751,649
See accompanying notes which are an integral part of these consolidated financial statements.
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