Home Shopping Network 2010 Annual Report Download - page 40

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Table of Contents
HSN, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
The accompanying notes are an integral part of these consolidated financial statements.
41
December 31,
2010
2009
ASSETS
Current assets:
Cash and cash equivalents
$
354,259
$
269,921
Accounts receivable, net of allowance of $13,026 and $11,608, respectively
195,748
182,746
Inventories
296,390
261,473
Deferred income taxes
28,801
21,960
Prepaid expenses and other current assets
42,443
47,152
Total current assets
917,641
783,252
Property and equipment, net
154,987
157,051
Intangible assets, net
260,623
261,185
Other non
-
current assets
12,492
17,162
TOTAL ASSETS
$
1,345,743
$
1,218,650
LIABILITIES AND SHAREHOLDERS
’
EQUITY
Current liabilities:
Accounts payable, trade
$
244,301
$
222,787
Current maturities of long
-
term debt
5,820
4,762
Accrued expenses and other current liabilities
216,114
222,739
Total current liabilities
466,235
450,288
Long
-
term debt, less current maturities
302,938
333,960
Deferred income taxes
80,203
76,413
Other long
-
term liabilities
19,904
13,959
Total liabilities
869,280
874,620
Commitments and contingencies (Note 14)
SHAREHOLDERS
’
EQUITY:
Preferred stock $0.01 par value; 25,000,000 authorized shares; no issued shares
—
—
Common stock $0.01 par value; 300,000,000 authorized shares; 57,966,771 and 56,503,163 issued shares
as of December 31, 2010 and 2009, respectively
580
565
Additional paid
-
in capital
2,453,406
2,419,765
Retained deficit
(1,977,523
)
(2,076,046
)
Accumulated other comprehensive loss
—
(
254
)
Total shareholders
’
equity
476,463
344,030
TOTAL LIABILITIES AND SHAREHOLDERS
’
EQUITY
$
1,345,743
$
1,218,650