Columbia Sportswear 2002 Annual Report Download - page 35

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COLUMBIA SPORTSWEAR COMPANY
CONSOLIDATED BALANCE SHEETS
(In thousands)
December 31,
2002 2001
ASSETS
Current Assets:
Cash and cash equivalents ............................................... $194,670 $ 79,082
Accounts receivable, net (Note 2) ......................................... 154,099 155,252
Inventories, net (Note 3) ................................................ 94,862 114,889
Deferred tax asset (Note 9) .............................................. 10,840 13,691
Prepaid expenses and other current assets .................................. 6,006 3,847
Total current assets ................................................ 460,477 366,761
Property, plant, and equipment, net (Note 4) .................................... 124,515 100,672
Intangibles and other assets (Note 2) .......................................... 7,825 7,534
Total assets ...................................................... $592,817 $474,967
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities:
Notespayable(Note5) ................................................. $ 9,835 $ 24,905
Accounts payable ..................................................... 49,370 32,068
Accrued liabilities (Note 6) .............................................. 35,146 34,054
Current portion of long-term debt (Note 7) .................................. 4,498 4,775
Total current liabilities ............................................. 98,849 95,802
Long-term debt (Note 7) .................................................... 20,636 25,047
Deferred tax liability (Note 9) ................................................ 613 729
Total liabilities ................................................... 120,098 121,578
Commitments and contingencies (Notes 11 and 12)
Shareholders’ Equity:
Preferred stock; 10,000 shares authorized; none issued and outstanding ........... — —
Common stock; 125,000 shares authorized; 39,737 and 39,283 issued and
outstanding (Note 8) ................................................. 159,996 149,473
Retained earnings ..................................................... 315,243 212,725
Accumulated other comprehensive loss .................................... (1,156) (6,763)
Unearned portion of restricted stock issued for future services (Note 11) .......... (1,364) (2,046)
Total shareholders’ equity ........................................... 472,719 353,389
Total liabilities and shareholders’ equity ............................... $592,817 $474,967
See accompanying notes to consolidated financial statements.
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