E-Z-GO 2009 Annual Report Download - page 54

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45
January 2, January 3,
(Dollars in millions, except share data) 2010 2009
Assets
Manufacturing group
Cash and cash equivalents $ 1,748 $ 531
Accounts receivable, net 894 894
Inventories 2,273 3,093
Other current assets 960 584
Assets of discontinued operations 58 334
Total current assets 5,933 5,436
Property, plant and equipment, net 1,968 2,088
Goodwill 1,622 1,698
Other assets 1,905 1,465
Total Manufacturing group assets 11,428 10,687
Finance group
Cash and cash equivalents 144 16
Finance receivables held for investment, net 5,865 6,724
Finance receivables held for sale 819 1,658
Other assets 684 946
Total Finance group assets 7,512 9,344
Total assets $ 18,940 $ 20,031
Liabilities and shareholders’ equity
Liabilities
Manufacturing group
Current portion of long-term debt and short-term debt $ 134 $ 876
Accounts payable 569 1,101
Accrued liabilities 2,027 2,609
Liabilities of discontinued operations 138 195
Total current liabilities 2,868 4,781
Other liabilities 3,127 2,926
Long-term debt 3,450 1,693
Total Manufacturing group liabilities 9,445 9,400
Finance group
Other liabilities 866 540
Deferred income taxes 136 337
Debt 5,667 7,388
Total Finance group liabilities 6,669 8,265
Total liabilities 16,114 17,665
Shareholders’ equity
$2.08 Cumulative Convertible Preferred Stock, Series A — 2
$1.40 Convertible Preferred Dividend Stock, Series B — —
Common stock (277.4 million and 253.1 million shares issued, respectively, and 272.3 million
and 242.0 million shares outstanding, respectively) 35 32
Capital surplus 1,369 1,229
Retained earnings 2,973 3,025
Accumulated other comprehensive loss (1,321) (1,422)
3,056 2,866
Less cost of treasury shares 230 500
Total shareholders’ equity 2,826 2,366
Total liabilities and shareholders’ equity $ 18,940 $ 20,031
See Notes to the Consolidated Financial Statements.
Consolidated Balance Sheets