Home Shopping Network 2011 Annual Report Download - page 38

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HSN, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
December 31,
2011 2010
ASSETS
Current assets:
Cash and cash equivalents .............................................. $ 381,808 $ 354,259
Accounts receivable, net of allowance of $13,127 and $13,026, respectively ....... 222,583 195,748
Inventories .......................................................... 296,460 296,390
Deferred income taxes ................................................. 24,302 28,801
Prepaid expenses and other current assets .................................. 44,966 42,443
Total current assets ................................................ 970,119 917,641
Property and equipment, net ............................................. 158,434 154,987
Intangible assets, net ................................................... 258,048 260,623
Other non-current assets ................................................ 8,372 12,492
TOTAL ASSETS .................................................... $1,394,973 $ 1,345,743
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable, trade ................................................ $ 270,227 $ 244,301
Current maturities of long-term debt ...................................... — 5,820
Accrued expenses and other current liabilities ............................... 193,991 216,114
Total current liabilities ............................................. 464,218 466,235
Long-term debt, less current maturities .................................... 239,111 302,938
Deferred income taxes ................................................. 78,131 80,203
Other long-term liabilities .............................................. 23,816 19,904
Total liabilities ................................................... 805,276 869,280
Commitments and contingencies (Note 13)
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; 58,414,019 and
57,966,771 issued shares as of December 31, 2011 and 2010, respectively ...... 584 580
Additional paid-in capital ............................................... 2,180,112 2,189,952
Accumulated deficit ................................................... (1,590,999) (1,714,069)
Total shareholders’ equity .......................................... 589,697 476,463
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY ................. $1,394,973 $ 1,345,743
The accompanying notes are an integral part of these consolidated financial statements.
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