Rayovac 2014 Annual Report Download - page 86

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SPECTRUM BRANDS HOLDINGS, INC.
Consolidated Statements of Financial Position
September 30, 2014 and September 30, 2013
(Amounts in thousands, except per share figures)
September 30, 2014 September 30, 2013
Assets
Current assets:
Cash and cash equivalents .................................... $ 194,633 $ 207,257
Receivables:
Trade accounts receivable, net of allowances $48,641 and
$37,376, respectively .................................. 439,038 481,313
Other ................................................. 76,236 65,620
Inventories ................................................ 624,535 632,923
Deferred income taxes ....................................... 36,708 32,959
Prepaid expenses and other ................................... 63,476 62,833
Total current assets .................................. 1,434,626 1,482,905
Property, plant and equipment, net ............................. 428,877 412,551
Deferred charges and other ................................... 37,279 26,050
Goodwill .................................................. 1,469,561 1,476,672
Intangible assets, net ........................................ 2,091,539 2,163,166
Debt issuance costs ......................................... 51,147 65,329
Total assets ........................................ $5,513,029 $5,626,673
Liabilities and Shareholders’ Equity
Current liabilities:
Current maturities of long-term debt ............................ $ 96,736 $ 102,921
Accounts payable ........................................... 519,733 525,519
Accrued liabilities:
Wages and benefits ..................................... 88,064 82,056
Income taxes payable .................................... 18,544 32,613
Accrued interest ........................................ 35,429 36,731
Other ................................................. 157,198 172,530
Total current liabilities ............................... 915,704 952,370
Long-term debt, net of current maturities ............................ 2,894,137 3,115,942
Employee benefit obligations, net of current portion ................... 81,964 96,612
Deferred income taxes ........................................... 513,204 492,774
Other ......................................................... 21,190 28,879
Total liabilities ..................................... 4,426,199 4,686,577
Commitments and contingencies
Shareholders’ equity:
Common stock, $.01 par value, authorized 200,000 shares; issued
54,154 and 53,579 shares, respectively; outstanding 52,713 and
52,210 shares ............................................ 542 535
Additional paid-in capital ..................................... 1,433,413 1,410,738
Accumulated deficit ......................................... (283,141) (435,911)
Accumulated other comprehensive loss .......................... (63,074) (38,521)
1,087,740 936,841
Less treasury stock, at cost, 1,441 and 1,369 shares, respectively .......... (44,338) (39,820)
Total shareholders’ equity ............................ 1,043,402 897,021
Noncontrolling interest ........................................... 43,428 43,075
Total equity ....................................... 1,086,830 940,096
Total liabilities and equity ............................ $5,513,029 $5,626,673
See accompanying notes which are an integral part of these consolidated financial statements.
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