Invacare 2009 Annual Report Download - page 113
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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, 2009
Assets
Current Assets
Cash and cash equivalents ........ $ 6,569 $ 2,526 $ 28,406 $ — $ 37,501
Trade receivables, net ........... 101,416 64,451 101,312 (4,165) 263,014
Installment receivables, net ....... — 954 2,611 — 3,565
Inventories, net ................ 42,512 39,114 91,916 (1,320) 172,222
Deferred income taxes ........... — — 390 — 390
Other current assets ............. 15,608 6,307 31,245 (1,388) 51,772
Total Current Assets ........... 166,105 113,352 255,880 (6,873) 528,464
Investment in subsidiaries ........... 1,447,759 594,024 — (2,041,783) —
Intercompany advances, net ......... 115,510 1,057,341 196,323 (1,369,174) —
Other Assets ...................... 43,246 3,420 1,340 — 48,006
Other Intangibles .................. 1,604 8,023 75,678 — 85,305
Property and Equipment, net ........ 49,608 9,344 82,681 — 141,633
Goodwill ......................... 5,023 24,634 526,436 — 556,093
Total Assets .................. $1,828,855 $1,810,138 $1,138,338 $(3,417,830) $1,359,501
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable ............... $ 70,867 $ 12,986 $ 57,206 $ — $ 141,059
Accrued expenses .............. 45,309 24,137 78,400 (5,553) 142,293
Accrued income taxes ........... — — 5,884 — 5,884
Short-term debt and current
maturities of long-
term obligations .............. 173 — 918 — 1,091
Total Current Liabilities ........ 116,349 37,123 142,408 (5,553) 290,327
Long-Term Debt .................. 262,188 — 10,046 — 272,234
Other Long-Term Obligations ....... 45,156 2,040 48,507 — 95,703
Intercompany advances, net ......... 703,925 564,582 100,667 (1,369,174) —
Total Shareholders’ Equity ...... 701,237 1,206,393 836,710 (2,043,103) 701,237
Total Liabilities and
Shareholders’ Equity ......... $1,828,855 $1,810,138 $1,138,338 $(3,417,830) $1,359,501
FS-45