Home Shopping Network 2012 Annual Report Download - page 39

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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.
35
December 31,
2012
2011
ASSETS
Current assets:
Cash and cash equivalents
$
222,092
$
381,808
Accounts receivable, net of allowance of $14,537 and $13,127, respectively
249,890
222,583
Inventories
330,936
296,460
Deferred income taxes
27,603
24,302
Prepaid expenses and other current assets
46,172
44,966
Total current assets
876,693
970,119
Property and equipment, net
171,303
158,434
Intangible assets, net
266,876
258,048
Goodwill
9,858
—
Other non-current assets
7,222
8,372
TOTAL ASSET S
$
1,331,952
$
1,394,973
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Accounts payable, trade
$
267,061
$
270,227
Current maturities of long-term debt
9,375
—
Accrued expenses and other current liabilities
215,389
193,991
Total current liabilities
491,825
464,218
Long-term debt, less current maturities
240,625
239,111
Deferred income taxes
79,002
78,131
Other long-term liabilities
15,986
23,816
Total liabilities
827,438
805,276
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; 54,853,684 and 58,414,019 issued shares as of December 31,
2012 and 2011, respectively
549
584
Additional paid-in capital
1,964,760
2,180,112
Accumulated deficit
(1,460,324
)
(1,590,999
)
Accumulated other comprehensive income
(471
)
—
Total shareholders’ equity
504,514
589,697
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
$
1,331,952
$
1,394,973