E-Z-GO 2003 Annual Report Download - page 38

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36
As of January 3, 2004 and December 28, 2002
(Dollars in millions, except share data) 2002
Cash and cash equivalents $ 486 $ 286
Commercial and U.S. Government receivables (less allowance for doubtful accounts of
$66 in 2003 and $48 in 2002) 1,135 1,159
Inventories 1,439 1,566
Income taxes receivable —193
Other current assets 532 498
Assets of discontinued operations —237
3,592 3,939
Property, plant and equipment, net 1,925 1,955
Goodwill 1,420 1,353
Other intangible assets, net 40 47
Other assets 1,780 1,566
8,757 8,860
Cash 357 21
Finance receivables, net 5,016 5,389
Goodwill 169 169
Other assets 791 804
Assets of discontinued operations —271
6,333 6,654
$ 15,090 $ 15,514
Current portion of long-term debt and short-term debt $ 316 $ 25
Accounts payable 702 857
Accrued liabilities 1,238 1,324
Liabilities of discontinued operations —86
2,256 2,292
Accrued postretirement benefits other than pensions 590 611
Other liabilities 1,519 1,403
Long-term debt 1,711 1,683
Mandatorily redeemable preferred securities — 485
6,076 6,474
Other liabilities 501 369
Deferred income taxes 390 398
Debt 4,407 4,840
Obligated mandatorily redeemable preferred securities of
Finance subsidiary holding solely junior subordinated debentures 26 27
5,324 5,634
11,400 12,108
Capital stock:
Preferred stock:
$2.08 Cumulative Convertible Preferred Stock, Series A (liquidation value $11) 4 5
$1.40 Convertible Preferred Dividend Stock, Series B (preferred only as to dividends) 6 6
Common stock (198,957,000 and 197,110,000 shares issued and 137,238,000 and
136,500,000 outstanding) 25 25
Capital surplus 1,148 1,080
Retained earnings 5,606 5,526
Accumulated other comprehensive loss (64) (225)
6,725 6,417
Less cost of treasury shares 3,035 3,011
3,690 3,406
$ 15,090 $ 15,514
See notes to the consolidated financial statements.