Invacare 2006 Annual Report Download - page 63
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CONSOLIDATED BALANCE SHEETS
INVACARE CORPORATION AND SUBSIDIARIES
December 31,
2006
December 31,
2005
(In thousands)
Assets
Current Assets
Cash and cash equivalents ...................................... $ 82,203 $ 25,624
Marketable securities .......................................... 190 252
Trade receivables, net ......................................... 261,606 287,955
Installment receivables, net ..................................... 7,097 12,935
Inventories, net .............................................. 201,756 176,925
Deferred income taxes ......................................... 13,512 27,446
Other current assets ........................................... 89,394 63,329
Total Current Assets...................................... 655,758 594,466
Other Assets ................................................... 66,346 47,110
Other Intangibles ............................................... 103,973 108,117
Property and Equipment, net ...................................... 173,945 176,206
Goodwill ...................................................... 490,429 720,873
Total Assets ............................................ $1,490,451 $1,646,772
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable ............................................ $ 163,041 $ 133,106
Accrued expenses ............................................ 147,776 130,033
Accrued income taxes ......................................... 12,916 13,340
Short-term debt and current maturities of long-term obligations .......... 124,243 80,228
Total Current Liabilities................................... 447,976 356,707
Long-Term Debt ................................................ 448,883 457,753
Other Long-Term Obligations ..................................... 108,228 79,624
Shareholders’ Equity
Preferred Shares (Authorized 300 shares; none outstanding)
Common Shares (Authorized 100,000 shares; 32,051 and 31,695 issued in
2006 and 2005, respectively) — no par ........................... 8,013 7,925
Class B Common Shares (Authorized 12,000 shares; 1,112, issued and
outstanding) — no par ....................................... 278 278
Additional paid-in-capital ...................................... 143,714 138,937
Retained earnings ............................................ 276,750 598,025
Accumulated other comprehensive earnings ......................... 99,188 47,480
Unearned compensation on stock awards ........................... — (1,692)
Treasury shares (1,186 and 1,058 shares in 2006 and 2005, respectively). . . . (42,579) (38,265)
Total Shareholders’ Equity ................................. 485,364 752,688
Total Liabilities and Shareholders’ Equity ..................... $1,490,451 $1,646,772
See notes to consolidated financial statements.
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