Harman Kardon 2011 Annual Report Download - page 66
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HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
June 30,
(in thousands) 2011 2010
Assets
Current assets
Cash and cash equivalents .......................................... $ 603,892 $ 645,570
Short-term investments ............................................. 317,322 0
Receivables, net .................................................. 579,272 517,092
Inventories, net ................................................... 423,137 353,123
Other current assets ............................................... 184,532 158,194
Total current assets .................................................... 2,108,155 1,673,979
Property, plant and equipment, net ........................................ 470,300 421,949
Goodwill ............................................................ 119,357 105,922
Deferred tax assets, long-term ........................................... 229,941 247,602
Other assets .......................................................... 130,742 106,763
Total assets .......................................................... $3,058,495 $ 2,556,215
Liabilities and Shareholders’ Equity
Current liabilities
Current portion of long-term debt .................................... $ 386 $ 463
Short-term debt ................................................... 1,785 13,472
Accounts payable ................................................. 473,486 382,985
Accrued liabilities ................................................. 436,537 363,261
Accrued warranties ................................................ 122,396 99,329
Income taxes payable .............................................. 12,991 3,941
Total current liabilities ................................................. 1,047,581 863,451
Convertible senior notes ................................................ 378,401 362,693
Other senior debt ..................................................... 0 1,209
Other non-current liabilities ............................................. 208,855 193,970
Total liabilities ....................................................... 1,634,837 1,421,323
Preferred stock ................................................... 0 0
Common stock ................................................... 956 952
Additional paid-in capital ........................................... 915,433 892,129
Accumulated other comprehensive income ............................. 136,733 3,666
Retained earnings ................................................. 1,418,106 1,285,715
Less: Common stock held in treasury ................................. (1,047,570) (1,047,570)
Total shareholders’ equity .............................................. 1,423,658 1,134,892
Total liabilities and shareholders’ equity ................................... $3,058,495 $ 2,556,215
See accompanying Notes to the Consolidated Financial Statements.
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