CompUSA 2009 Annual Report Download - page 93
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33
SYSTEMAX INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except for share data)
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
See notes to consolidated financial statements.