Sunbeam 2001 Annual Report Download - page 13

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alltrista corporation
Consolidated Balance Sheets
(in thousands, except per share amounts)
December 31,
2001 2000
Assets
Current assets
Cash and cash equivalents.................................... $ 6,376 $ 3,303
Accounts receivable, net of reserve for doubtful accounts of $778
and $1,517 ................................................ 13,986 32,250
Income taxes receivable ...................................... 16,252 —
Inventories, net.............................................. 26,994 52,548
Deferred taxes on income .................................... 4,832 4,621
Other current assets .......................................... 3,134 1,658
Total current assets......................................... 71,574 94,380
Property, plant and equipment, at cost
Land........................................................ 782 1,998
Buildings.................................................... 24,356 35,059
Machinery and equipment ................................... 106,106 149,405
131,244 186,462
Accumulated depreciation .................................... (87,701) (97,410)
43,543 89,052
Goodwill, net of accumulated amortization of $6,628 and $16,192. 15,487 114,138
Deferred taxes on income ...................................... 25,417 —
Other assets ................................................... 5,282 11,169
Total assets .................................................... $161,303 $308,739
Liabilities and stockholders’ equity
Current liabilities
Short-term debt and current portion of long-term debt.......... $ 28,500 $ 41,995
Accounts payable ............................................ 14,197 17,842
Accrued salaries, wages and employee benefits ................. 9,252 8,344
Other current liabilities....................................... 11,590 3,224
Total current liabilities ..................................... 63,539 71,405
Noncurrent liabilities
Long-term debt .............................................. 56,375 95,065
Deferred taxes on income .................................... — 13,068
Other noncurrent liabilities................................... 6,260 9,957
Total noncurrent liabilities ................................. 62,635 118,090
Minority interest in subsidiary .................................. — 1,023
Commitments and contingencies (Notes 11 & 12) ................
Stockholders’ equity:
Common stock ($.01 par value), 50,000 shares authorized, 7,963
and 7,963 shares issued and 6,398 and 6,341 shares
outstanding in 2001 and 2000, respectively .................. 64 40,017
Additional paid-in capital .................................... 41,789 —
Retained earnings............................................ 32,724 118,153
Accumulated other comprehensive loss ........................ (1,862) (978)
Less: treasury stock (1,565 and 1,622 shares, at cost) ............ (37,586) (38,971)
Total stockholders’ equity .................................. 35,129 118,221
Total liabilities and stockholders’ equity ......................... $161,303 $308,739
The accompanying notes are an integral part of the consolidated financial statements.
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Alltrista