Circuit City 2010 Annual Report Download - page 37

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SYSTEMAX INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except for share data)
See notes to consolidated financial statements.
December 31,
2010
2009
ASSETS:
Current assets:
Cash
$
92,077
$
58,309
Accounts receivable, net of allowances of $17,881 and $22,532
276,344
241,860
Inventories
370,375
365,725
Prepaid expenses and other current assets
19,308
20,066
Deferred income taxes
7,133
6,626
Total current assets
765,237
692,586
Property, plant and equipment, net
73,765
65,598
Deferred income taxes
2,313
8,564
Goodwill and intangibles
49,473
48,127
Other assets
3,312
2,026
Total assets
$
894,100
$
816,901
LIABILITIES AND SHAREHOLDERS
’
EQUITY:
Current liabilities:
Accounts payable
$
377,030
$
348,029
Accrued expenses and other current liabilities
84,680
78,841
Short term debt
-
14,168
Current portion of long term debt
2,655
1,029
Total current liabilities
464,365
442,067
Long term debt
7,386
1,194
Other liabilities
13,081
8,955
Total liabilities
484,832
452,216
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
38,862,019 shares; outstanding 36,754,700 and 36,450,767 shares
389
389
Additional paid
-
in capital
181,519
180,508
Treasury stock at cost
—
2,107,319 and 2,411,252 shares
(24,947
)
(28,545
)
Retained earnings
253,526
210,975
Accumulated other comprehensive (loss) income
(1,219
)
1,358
Total shareholders
’
equity
409,268
364,685
Total liabilities and shareholders
’
equity
$
894,100
$
816,901
33