Sunbeam 2002 Annual Report Download - page 27

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Jarden Corporation
Consolidated Balance Sheets (in thousands, except per share amounts)
December 31,
2002 2001
Assets
Current assets:
Cash and cash equivalents ......................................... $ 56,779 $ 6,376
Accounts receivable, net of allowances of $6,095 and $778 ............. 40,470 14,917
Income taxes receivable ........................................... 1,039 16,252
Inventories, net .................................................. 59,463 26,994
Deferred taxes on income ......................................... 10,312 4,832
Prepaid expenses and other current assets ............................ 4,667 3,134
Total current assets .......................................... 172,730 72,505
Non-current assets:
Property, plant and equipment, at cost
Land ........................................................... 782 782
Buildings ....................................................... 25,109 24,356
Machinery and equipment ......................................... 115,637 106,106
141,528 131,244
Accumulated depreciation ......................................... (96,291) (87,701)
45,237 43,543
Intangibles, net ...................................................... 134,060 15,487
Deferred taxes on income ............................................. — 25,417
Other assets ......................................................... 14,738 5,282
Total assets ......................................................... $366,765 $162,234
Liabilities and stockholders’ equity
Current liabilities:
Short-term debt and current portion of long-term debt ................. $ 16,117 $ 28,500
Accounts payable ................................................ 18,466 14,197
Accrued salaries, wages and employee benefits ....................... 13,559 9,252
Other current liabilities ........................................... 23,031 12,521
Total current liabilities ........................................ 71,173 64,470
Non-current liabilities:
Long-term debt .................................................. 200,838 56,375
Deferred taxes on income ......................................... 6,377 —
Other non-current liabilities ....................................... 11,613 6,260
Total non-current liabilities .................................... 218,828 62,635
Commitments and contingencies (Notes 13 & 14) — —
Stockholders’ equity:
Common stock ($.01 par value, 50,000 shares authorized, 15,926 and
15,926 shares issued and 14,371 and 12,796 shares outstanding at
December 31, 2002 and 2001, respectively) ......................... 159 159
Additional paid-in capital ......................................... 34,076 41,694
Retained earnings ................................................ 69,033 32,724
Notes receivable for stock purchases ................................ (5,109) —
Accumulated other comprehensive loss .............................. (3,463) (1,862)
Less: treasury stock (1,555 and 3,130 shares, at cost, at December 31, 2002
and 2001, respectively) ......................................... (17,932) (37,586)
Total stockholders’ equity ..................................... 76,764 35,129
Total liabilities and stockholders’ equity ................................. $366,765 $162,234
The accompanying notes are an integral part of the consolidated financial statements.
PG. 25