CompUSA 2015 Annual Report Download - page 49
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SYSTEMAX INC.
CONSOLIDATED BALANCE SHEETS
(in millions, except for share data)
December 31,
2015 2014
ASSETS:
Currentassets:
Cash $ 215.1 $ 165.0
Accountsreceivable,netofallowancesof$15.7and$15.8 266.3 354.5
Inventories 144.4 292.9
Prepaidexpensesandothercurrentassets 14.5 15.9
Totalcurrentassets 640.3 828.3
Property,plantandequipment,net 38.3 41.2
Deferredincometaxes 8.6 15.2
Goodwillandintangibles 18.8 7.4
Otherassets 4.1 4.8
Totalassets $ 710.1 $ 896.9
LIABILITIESANDSHAREHOLDERS’EQUITY:
Currentliabilities:
Accountspayable $ 346.5 $ 419.5
Accruedexpensesandothercurrentliabilities 79.0 95.4
Currentportionoflongtermdebt 0.6 2.8
Totalcurrentliabilities 426.1 517.7
Long-termdebt 0.4 1.1
Deferredincometaxliability 0.4 -
Otherliabilities 29.3 18.5
Totalliabilities 456.2 537.3
Commitmentsandcontingencies
Shareholders’equity:
Preferredstock,parvalue$.01pershare,authorized25millionshares;issuednone
Commonstock,parvalue$.01pershare,authorized150millionshares;issued38,861,992and38,861,992shares;
outstanding36,872,688and36,808,158shares 0.4 0.4
Additionalpaid-incapital 184.4 184.3
Treasurystockatcost—1,989,304and2,053,834shares (24.5) (25.4)
Retainedearnings 109.4 209.2
Accumulatedothercomprehensiveloss (15.8) (8.9)
Totalshareholders’equity 253.9 359.6
Totalliabilitiesandshareholders’equity $ 710.1 $ 896.9
Seenotestoconsolidatedfinancialstatements.
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