Audiovox 2005 Annual Report Download - page 57

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AUDIOVOX CORPORATION AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
NOVEMBER 30, 2004 AND 2005
(IN THOUSANDS, EXCEPT SHARE DATA)
2004 2005
−−−−−−−−−−−−−− −−−−−−−−−−−−−−
ASSETS
Current assets:
Cash and cash equivalents ............... $ 43,409 $ 14,164
Restricted cash ......................... 8,264 1,474
Short−term investments .................. 124,237 108,766
Accounts receivable, net ................ 118,388 128,430
Inventory ............................... 139,307 129,120
Receivables from vendors ................ 7,028 8,075
Prepaid expenses and other current assets 14,057 6,749
Deferred income taxes ................... 6,873 9,992
Current assets of discontinued operations
20,582 −−
−−−−−− −−−−−−−
Total current assets 482,145 406,770
Investment securities ....................... 5,988 11,998
Equity investments .......................... 12,878 12,073
Property, plant and equipment, net .......... 19,707 19,717
Excess cost over fair value of assets acquired 7,019 16,138
Intangible assets ............................ 8,043 11,060
Deferred income taxes ........................ 6,220 6,054
Other assets ................................. 413 2,054
Non−current assets of discontinued operations 925 −
−−−−−−− −−−−−−−−
Total assets $ 543,338 $485,864
========= ========
SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.
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