E-Z-GO 2006 Annual Report Download - page 58

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37
As of December 30, 2006 and December 31, 2005
(Dollars in millions, except share data)
2006 2005
Assets
Manufacturing group
Cash and cash equivalents $ 733 $ 786
Accounts receivable, net 964 891
Inventories 2,069 1,712
Other current assets 448 464
Assets of discontinued operations 73 1,122
Total current assets 4,287 4,975
Property, plant and equipment, net 1,773 1,574
Goodwill 1,257 979
Other assets 1,233 1,530
Total Manufacturing group assets 8,550 9,058
Finance group
Cash 47 10
Finance receivables, net 8,217 6,667
Goodwill 169 169
Other assets 567 595
Total Finance group assets 9,000 7,441
Total assets $ 17,550 $ 16,499
Liabilities and shareholders’ equity
Liabilities
Manufacturing group
Current portion of long-term debt and short-term debt $ 80 $ 275
Accounts payable 814 677
Accrued liabilities 1,958 1,749
Liabilities of discontinued operations 142 446
Total current liabilities 2,994 3,147
Other liabilities 2,329 2,026
Long-term debt 1,720 1,659
Total Manufacturing group liabilities 7,043 6,832
Finance group
Other liabilities 499 510
Deferred income taxes 497 461
Debt 6,862 5,420
Total Finance group liabilities 7,858 6,391
Total liabilities 14,901 13,223
Shareholders’ equity
Capital stock:
Preferred stock:
$2.08 Cumulative Convertible Preferred Stock, Series A (liquidation value $11) 4 4
$1.40 Convertible Preferred Dividend Stock, Series B (preferred only as to dividends) 6 6
Common stock (208,983,713 and 205,613,104 shares issued and 125,595,770 and 130,184,723 outstanding) 26 26
Capital surplus 1,786 1,533
Retained earnings 6,211 5,808
Accumulated other comprehensive loss (644) (78)
7,389 7,299
Less cost of treasury shares 4,740 4,023
Total shareholders’ equity 2,649 3,276
Total liabilities and shareholders’ equity $ 17,550 $ 16,499
See Notes to the consolidated financial statements.
Consolidated Balance Sheets