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Newell Rubbermaid Inc. 2008 Annual Report
41
CONSOLIDATED BALANCE SHEETS
(Amounts in millions, except par value)
December 31, 2008 2007
Assets
Current Assets:
Cash and cash equivalents $ 275.4 $ 329.2
Accounts receivable, net of allowances of $40.6 for 2008 and $39.1 for 2007 969.3 1,166.4
Inventories, net 912.1 940.4
Deferred income taxes 100.4 102.0
Prepaid expenses and other 136.6 113.7
Total Current Assets 2,393.8 2,651.7
Property, plant and equipment, net 630.7 688.6
Deferred income taxes 107.8 29.4
Goodwill 2,698.9 2,608.7
Other intangible assets, net 640.5 501.8
Other assets 320.8 202.7
Total Assets $6,792.5 $6,682.9
Liabilities and Stockholders’ Equity
Current Liabilities:
Accounts payable $ 535.5 $ 616.9
Accrued compensation 79.5 170.7
Other accrued liabilities 829.9 744.7
Income taxes payable — 44.0
Notes payable 8.3 15.3
Current portion of long-term debt 752.7 972.2
Total Current Liabilities 2,205.9 2,563.8
Long-term debt 2,118.3 1,197.4
Other noncurrent liabilities 854.1 674.4
Stockholders’ Equity:
Preferred stock, authorized shares, 10.0 at $1.00 par value — —
None issued and outstanding
Common stock, authorized shares, 800.0 at $1.00 par value 293.1 292.6
Outstanding shares, before treasury:
2008 — 293.1
2007 — 292.6
Treasury stock, at cost: (418.0) (415.1)
Shares held:
2008 — 16.0
2007 — 15.9
Additional paid-in capital 606.7 570.3
Retained earnings 1,634.8 1,922.7
Accumulated other comprehensive loss (502.4) (123.2)
Total Stockholders’ Equity 1,614.2 2,247.3
Total Liabilities and Stockholders’ Equity $6,792.5 $6,682.9
See Notes to Consolidated Financial Statements.