Circuit City 2009 Annual Report Download - page 44

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Table of Contents
SYSTEMAX INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except for share data)
See notes to consolidated financial statements.
41
December 31,
2009
2008
ASSETS:
Current assets:
Cash
$
58,309
$
115,967
Accounts receivable, net of allowances of $22,532 and $17,523
241,860
182,841
Inventories
365,725
290,594
Prepaid expenses and other current assets
20,066
12,667
Deferred income taxes
6,626
9,558
Total current assets
692,586
611,627
Property, plant and equipment, net
65,598
48,465
Deferred income taxes
8,564
11,198
Goodwill and intangibles
48,127
29,366
Other assets
2,026
1,797
Total assets
$
816,901
$
702,453
LIABILITIES AND SHAREHOLDERS
’
EQUITY:
Current liabilities:
Accounts payable
$
346,362
$
285,410
Accrued expenses and other current liabilities
80,945
72,352
Short term debt
14,168
—
Current portion of capitalized lease obligations
1,029
773
Total current liabilities
442,504
358,535
Capitalized lease obligations
1,194
1,411
Other liabilities
8,518
8,552
Total liabilities
452,216
368,498
Commitments and contingencies
Shareholders
’
equity:
Preferred stock, par value $.01 per share, authorized 25 million shares;
issued none
Common stock, par value $.01 per share, authorized 150 million shares; issued 38,862,019 and
38,855,989 shares; outstanding 36,450,767 and 36,223,747 shares
389
389
Additional paid
-
in capital
180,508
179,241
Common stock in treasury at cost
—
2,411,252 and 2,632,242 shares
(28,545
)
(31,158
)
Retained earnings
210,975
192,401
Accumulated other comprehensive income (loss), net of tax
1,358
(6,918
)
Total shareholders
’
equity
364,685
333,955
Total liabilities and shareholders
’
equity
$
816,901
$
702,453