WeightWatchers 2002 Annual Report Download - page 85

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WEIGHT WATCHERS INTERNATIONAL, INC. AND SUBSIDIARIES
SUPPLEMENTAL CONSOLIDATING BALANCE SHEET
AS OF DECEMBER 29, 2001
(IN THOUSANDS)
Non-
Parent Guarantor Guarantor
Company Subsidiaries Subsidiaries Eliminations Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents .......... $ 6,230 $ 8,804 $ 8,304 $ — $ 23,338
Receivables, net .................. 2,638 9,229 1,752 — 13,619
Inventories, net .................. — 21,902 4,303 — 26,205
Prepaid expenses ................. 1,263 11,970 2,711 — 15,944
Deferred income taxes ............. — 4,773 ——4,773
Intercompany (payables) receivables . . . (157,902) 147,317 10,585 ——
TOTAL CURRENT ASSETS ...... (147,771) 203,995 27,655 — 83,879
Investment in consolidated subsidiaries . . . 416,812 ——(416,812) —
Property and equipment, net .......... 1,221 8,132 1,372 — 10,725
Notes and other receivables, noncurrent . . 325 —— — 325
Goodwill ........................ 26,769 210,988 652 — 238,409
Trademarks and other intangible assets . . . 874 1,855 27 — 2,756
Deferred income taxes ............... 35,253 101,028 ——136,281
Deferred financing costs, net .......... 9,164 —— —9,164
Other noncurrent assets .............. 462 (537) 1,384 — 1,309
TOTAL ASSETS ............... $343,109 $ 525,461 $31,090 $(416,812) $ 482,848
LIABILITIES, REDEEMABLE
PREFERRED STOCK AND
SHAREHOLDERS’ (DEFICIT)
EQUITY
CURRENT LIABILITIES
Portion of long-term debt due within
one year ..................... $ 15,219 $ 480 $ — $ — $ 15,699
Accounts payable ................. 1,287 14,077 2,334 — 17,698
Salaries and wages ................ 6,951 4,611 3,571 — 15,133
Accrued interest ................. 7,739 71 ——7,810
Foreign currency contract payable ..... 2,811 —— —2,811
Other accrued liabilities ............ 11,036 11,808 3,856 — 26,700
Income taxes .................... (11,694) 18,544 2,289 — 9,139
Deferred revenue ................. — 11,121 1,899 — 13,020
TOTAL CURRENT LIABILITIES . . 33,349 60,712 13,949 — 108,010
Long-term debt .................... 394,800 63,520 ——458,320
Deferred income taxes ............... 2,481 109 579 — 3,169
Other .......................... — 624 246 — 870
TOTAL LONG-TERM DEBT AND
OTHER LIABILITIES ......... 397,281 64,253 825 — 462,359
Redeemable preferred stock ........... 25,996 —— —25,996
Shareholders’ (deficit) equity .......... (113,517) 400,496 16,316 (416,812) (113,517)
TOTAL LIABILITIES,
REDEEMABLE PREFERRED
STOCK AND SHAREHOLDERS’
(DEFICIT) EQUITY .......... $343,109 $ 525,461 $31,090 $(416,812) $ 482,848
F-36