Invacare 2011 Annual Report Download - page 76
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CONSOLIDATED BALANCE SHEETS
INVACARE CORPORATION AND SUBSIDIARIES
December 31,
2011
December 31,
2010
(In thousands)
Assets
Current Assets
Cash and cash equivalents ........................................... $ 34,924 $ 48,462
Trade receivables, net .............................................. 247,974 252,004
Installment receivables, net .......................................... 6,671 3,959
Inventories, net .................................................... 192,761 174,375
Deferred income taxes .............................................. 1,620 5,778
Other current assets ................................................ 44,820 41,581
Total Current Assets .......................................... 528,770 526,159
Other Assets ......................................................... 42,647 45,484
Other Intangibles ..................................................... 83,320 70,911
Property and Equipment, net ........................................... 129,712 130,763
Goodwill ............................................................ 496,605 507,083
Total Assets .......................................................... $1,281,054 $1,280,400
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable .................................................. $ 148,805 $ 143,753
Accrued expenses .................................................. 132,595 130,079
Accrued income taxes .............................................. 1,495 8,502
Short-term debt and current maturities of long-term obligations ............. 5,044 7,974
Total Current Liabilities ....................................... 287,939 290,308
Long-Term Debt ...................................................... 260,440 238,090
Other Long-Term Obligations .......................................... 106,150 99,591
Shareholders’ Equity
Preferred Shares (Authorized 300 shares; none outstanding) ................ — —
Common Shares (Authorized 100,000 shares; 33,835 and 33,559 issued in 2011
and 2010, respectively)—no par .................................... 8,471 8,401
Class B Common Shares (Authorized 12,000 shares; 1,086 and 1,086, issued
and outstanding in 2011 and 2010, respectively)—no par ................ 272 272
Additional paid-in-capital ........................................... 221,409 231,685
Retained earnings .................................................. 364,300 370,001
Accumulated other comprehensive earnings ............................. 124,876 112,631
Treasury shares (3,100 and 2,319 shares in 2011 and 2010, respectively) ...... (92,803) (70,579)
Total Shareholders’ Equity ............................................. 626,525 652,411
Total Liabilities and Shareholders’ Equity ................................ $1,281,054 $1,280,400
See notes to consolidated financial statements.
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