Invacare 2009 Annual Report Download - page 114

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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, 2008
Assets
Current Assets
Cash and cash equivalents ........ $ 10,920 $ 2,284 $ 34,312 $ — $ 47,516
Trade receivables, net ........... 114,961 56,037 101,301 (5,816) 266,483
Installment receivables, net ....... — 1,559 2,708 — 4,267
Inventories, net ................ 49,243 37,320 93,586 (1,412) 178,737
Deferred income taxes ........... — — 2,051 — 2,051
Other current assets ............. 15,282 6,358 30,364 — 52,004
Total Current Assets ........... 190,406 103,558 264,322 (7,228) 551,058
Investment in subsidiaries ........... 1,350,463 683,148 — (2,033,611) —
Intercompany advances, net ......... 191,209 844,433 66,851 (1,102,493) —
Other Assets ...................... 53,793 5,425 1,233 — 60,451
Other Intangibles .................. 2,778 9,722 72,266 — 84,766
Property and Equipment, net ........ 52,632 9,753 81,127 — 143,512
Goodwill ......................... 4,975 24,293 445,418 — 474,686
Total Assets .................. $1,846,256 $1,680,332 $931,217 $(3,143,332) $1,314,473
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable ............... $ 59,779 $ 12,734 $ 47,120 $ — $ 119,633
Accrued expenses .............. 50,034 24,208 75,186 (5,816) 143,612
Accrued income taxes ........... 500 — 2,554 — 3,054
Short-term debt and current
maturities of long-
term obligations .............. 17,793 — 906 — 18,699
Total Current Liabilities ........ 128,106 36,942 125,766 (5,816) 284,998
Long-Term Debt .................. 398,328 — 9,379 — 407,707
Other Long-Term Obligations ....... 45,290 2,040 41,496 — 88,826
Intercompany advances, net ......... 741,590 335,125 25,778 (1,102,493) —
Total Shareholders’ Equity ...... 532,942 1,306,225 728,798 (2,035,023) 532,942
Total Liabilities and
Shareholders’ Equity ......... $1,846,256 $1,680,332 $931,217 $(3,143,332) $1,314,473
FS-46