E-Z-GO 2007 Annual Report Download - page 60

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As of December 29, 2007 and December 30, 2006
(Dollars in millions, except share data) 2007 2006
Assets
Manufacturing group
Cash and cash equivalents $ 471 $ 733
Accounts receivable, net 1,083 964
Inventories 2,724 2,069
Other current assets 560 448
Assets of discontinued operations 8 73
Total current assets 4,846 4,287
Property, plant and equipment, net 1,999 1,773
Goodwill 2,132 1,257
Other assets 1,596 1,233
Total Manufacturing group assets 10,573 8,550
Finance group
Cash 60 47
Finance receivables, net 8,514 8,217
Goodwill 169 169
Other assets 640 567
Total Finance group assets 9,383 9,000
Total assets $ 19,956 $ 17,550
Liabilities and shareholders’ equity
Liabilities
Manufacturing group
Current portion of long-term debt and short-term debt $ 355 $ 80
Accounts payable 927 814
Accrued liabilities 2,706 1,958
Liabilities of discontinued operations 134 142
Total current liabilities 4,122 2,994
Other liabilities 2,289 2,329
Long-term debt 1,793 1,720
Total Manufacturing group liabilities 8,204 7,043
Finance group
Other liabilities 462 499
Deferred income taxes 472 497
Debt 7,311 6,862
Total Finance group liabilities 8,245 7,858
Total liabilities 16,449 14,901
Shareholders’ equity
Capital stock:
Preferred stock:
$2.08 Cumulative Convertible Preferred Stock, Series A 2 4
$1.40 Convertible Preferred Dividend Stock, Series B — 6
Common stock (251.9 million and 418.0 million shares issued and 250.1 million and
251.2 million shares outstanding) 32 26
Capital surplus 1,193 1,786
Retained earnings 2,766 6,211
Accumulated other comprehensive loss (400) (644)
3,593 7,389
Less cost of treasury shares 86 4,740
Total shareholders’ equity 3,507 2,649
Total liabilities and shareholders’ equity $ 19,956 $ 17,550
See Notes to the Consolidated Financial Statements.
Consolidated Balance Sheets
39