Invacare 2012 Annual Report Download - page 84
Download and view the complete annual report
Please find page 84 of the 2012 Invacare annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74 -
75 -
76 -
77 -
78 -
79 -
80 -
81 -
82 -
83 -
84 -
85 -
86 -
87 -
88 -
89 -
90 -
91 -
92 -
93 -
94 -
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
 |
 |
CONSOLIDATED BALANCE SHEETS
INVACARE CORPORATION AND SUBSIDIARIES
December 31,
2012
December 31,
2011
(In thousands)
Assets
Current Assets
Cash and cash equivalents .................................... $ 38,791 $ 34,924
Trade receivables, net ....................................... 198,791 210,391
Installment receivables, net ................................... 2,188 6,671
Inventories, net ............................................. 183,246 168,720
Deferred income taxes ....................................... — 1,620
Other current assets ......................................... 41,776 38,831
Assets held for sale - current .................................. 103,157 67,613
Total Current Assets ................................... 567,949 528,770
Other Assets .................................................. 42,262 42,648
Other Intangibles .............................................. 71,652 83,320
Property and Equipment, net .................................... 118,231 128,340
Goodwill ..................................................... 462,200 473,531
Assets held for sale - non-current ................................. — 24,445
Total Assets ................................................... $ 1,262,294 $ 1,281,054
Liabilities and Shareholders’ Equity
Current Liabilities
Accounts payable ........................................... $ 133,048 $ 136,451
Accrued expenses ........................................... 135,189 128,693
Accrued income taxes ....................................... 2,713 815
Short-term debt and current maturities of long-term obligations ...... 5,427 5,044
Liabilities held for sale - current ............................... 23,358 16,936
Total Current Liabilities ................................ 299,735 287,939
Long-Term Debt ............................................... 229,375 260,440
Other Long-Term Obligations ................................... 112,195 106,150
Shareholders’ Equity
Preferred Shares (Authorized 300 shares; none outstanding) ......... — —
Common Shares (Authorized 100,000 shares; 33,952 and 33,835 issued
in 2012 and 2011, respectively)—no par ......................... 8,503 8,471
Class B Common Shares (Authorized 12,000 shares; 1,086 and 1,086,
issued and outstanding in 2012 and 2011, respectively)—no par ...... 272 272
Additional paid-in-capital .................................... 228,187 221,409
Retained earnings ........................................... 364,546 364,300
Accumulated other comprehensive earnings ...................... 112,743 124,876
Treasury shares (3,135 and 3,100 shares in 2012 and 2011,
respectively) ............................................... (93,262) (92,803)
Total Shareholders’ Equity ...................................... 620,989 626,525
Total Liabilities and Shareholders’ Equity ......................... $ 1,262,294 $ 1,281,054
See notes to consolidated financial statements.
FS-4