Invacare 2008 Annual Report Download - page 109

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INVACARE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
Supplemental Guarantor Information—Continued
CONSOLIDATING CONDENSED BALANCE SHEETS
The
Company
(Parent)
Combined
Guarantor
Subsidiaries
Combined
Non-Guarantor
Subsidiaries Eliminations Total
(in thousands)
December 31, 2007
Assets
Current Assets
Cash and cash equivalents ........ $ 27,133 $ 1,773 $ 33,294 $ — $ 62,200
Marketable securities ............ 255 — — — 255
Trade receivables, net ............ 93,533 52,996 121,431 (3,817) 264,143
Installment receivables, net ....... — 1,841 2,216 — 4,057
Inventories, net ................. 69,123 34,115 93,895 (1,529) 195,604
Deferred income taxes ........... — — 2,478 — 2,478
Other current assets ............. 20,693 6,489 36,438 (1,272) 62,348
Total Current Assets ........... 210,737 97,214 289,752 (6,618) 591,085
Investment in subsidiaries ........... 1,393,220 640,178 — (2,033,398) —
Intercompany advances, net ......... 250,765 824,519 43,460 (1,118,744) —
Other Assets ...................... 66,616 23,482 1,564 — 91,662
Other Intangibles .................. 934 11,315 92,487 — 104,736
Property and Equipment, net ........ 57,984 10,231 101,161 — 169,376
Goodwill ......................... — 23,531 519,652 — 543,183
Total Assets ................... $1,980,256 $1,630,470 $1,048,076 $(3,158,760) $1,500,042
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable ............... $ 68,786 $ 12,516 $ 68,868 $ — $ 150,170
Accrued expenses ............... 48,332 18,284 84,431 (5,089) 145,958
Accrued income taxes ........... 500 — 5,473 — 5,973
Short-term debt and current maturities of
long-term obligations .............. 23,500 — 1,010 — 24,510
Total Current Liabilities ........ 141,118 30,800 159,782 (5,089) 326,611
Long-Term Debt ................... 481,896 7 31,439 — 513,342
Other Long-Term Obligations ....... 61,370 — 44,676 — 106,046
Intercompany advances, net ......... 741,829 326,028 50,887 (1,118,744) —
Total Shareholders’ Equity .......... 554,043 1,273,635 761,292 (2,034,927) 554,043
Total Liabilities and
Shareholders’ Equity ......... $1,980,256 $1,630,470 $1,048,076 $(3,158,760) $1,500,042
FS-43