Invacare 2011 Annual Report Download - page 121
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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, 2010
Assets
Current Assets
Cash and cash equivalents .......... $ 4,036 $ 2,476 $ 41,950 $ — $ 48,462
Trade receivables, net ............. 95,673 68,504 87,827 — 252,004
Installment receivables, net ......... — 876 3,083 — 3,959
Inventories, net .................. 72,499 39,299 63,873 (1,296) 174,375
Deferred income taxes ............. 3,289 — 2,489 — 5,778
Other current assets ............... 12,274 6,895 27,685 (5,273) 41,581
Total Current Assets ............. 187,771 118,050 226,907 (6,569) 526,159
Investment in subsidiaries ............. 1,489,732 594,690 — (2,084,422) —
Intercompany advances, net ........... 77,990 745,991 226,421 (1,050,402) —
Other Assets ........................ 42,782 1,881 821 — 45,484
Other Intangibles .................... 1,241 8,590 61,080 — 70,911
Property and Equipment, net .......... 46,791 12,093 71,879 — 130,763
Goodwill ........................... 5,023 34,388 467,672 — 507,083
Total Assets .................... $1,851,330 $1,515,683 $1,054,780 $(3,141,393) $1,280,400
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable ................. $ 73,468 $ 14,923 $ 55,362 $ — $ 143,753
Accrued expenses ................ 39,090 20,690 75,572 (5,273) 130,079
Accrued income taxes ............. 5,633 — 2,869 — 8,502
Short-term debt and current maturities
of long-term obligations ......... 7,149 83 742 — 7,974
Total Current Liabilities .......... 125,340 35,696 134,545 (5,273) 290,308
Long-Term Debt .................... 217,164 — 20,926 — 238,090
Other Long-Term Obligations ......... 48,645 1,123 49,823 — 99,591
Intercompany advances, net ........... 807,770 180,743 61,889 (1,050,402) —
Total Shareholders’ Equity ........ 652,411 1,298,121 787,597 (2,085,718) 652,411
Total Liabilities and Shareholders’
Equity ....................... $1,851,330 $1,515,683 $1,054,780 $(3,141,393) $1,280,400
FS-49