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SYSTEMAX INC.
CONSOLIDATED BALANCE SHEETS
(in millions, except for share data)
See notes to consolidated financial statements.
46
Table of Contents
December 31,
2014
2013
ASSETS:
Current assets:
Cash
$
165.0
$
181.4
Accounts receivable, net of allowances of $15.8 and $16.7
355.5
333.3
Inventories
289.9
321.8
Assets available for sale
-
1.1
Prepaid expenses and other current assets
15.9
16.3
Deferred income taxes
1.7
2.3
Total current assets
828.0
856.2
Property, plant and equipment, net
41.2
59.4
Deferred income taxes
13.5
15.3
Goodwill and intangibles
7.4
6.1
Other assets
4.8
5.2
Total assets
$
894.9
$
942.2
LIABILITIES AND SHAREHOLDERS
’
EQUITY:
Current liabilities:
Accounts payable
$
420.2
$
418.7
Accrued expenses and other current liabilities
93.0
89.2
Current portion of long term debt
2.7
2.5
Total current liabilities
515.9
510.4
Long
-
term debt
0.9
2.9
Other liabilities
18.5
22.7
Total liabilities
535.3
536.0
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 38,861,992 and 38,861,992
shares; outstanding 36,808,158 and 36,729,295 shares
0.4
0.4
Additional paid
-
in capital
184.3
183.3
Treasury stock at cost
—
2,053,834 and 2,132,697 shares
(25.4
)
(26.4
)
Retained earnings
209.2
246.7
Accumulated other comprehensive income (loss)
(8.9
)
2.2
Total shareholders’ equity
359.6
406.2
Total liabilities and shareholders’ equity
$
894.9
$
942.2