Invacare 2013 Annual Report Download - page 125

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INVACARE CORPORATION AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
FS-51
CONSOLIDATING CONDENSED BALANCE SHEETS
The
Company
(Parent)
Combined
Guarantor
Subsidiaries
Combined
Non-Guarantor
Subsidiaries Eliminations Total
(in thousands)
December 31, 2013
Assets
Current Assets
Cash and cash equivalents . . . . $ 1,401 $ 313 $ 28,071 $ — $ 29,785
Trade receivables, net. . . . . . . . 72,272 28,317 88,033 — 188,622
Installment receivables, net . . . — 452 1,110 — 1,562
Inventories, net . . . . . . . . . . . . . 30,806 27,472 100,444 (3,085) 155,637
Deferred income taxes . . . . . . . — — 2,761 — 2,761
Intercompany advances, net . . . 4,179 380 44,292 (48,851) —
Other current assets. . . . . . . . . . 9,970 568 35,461 (4,827) 41,172
Total Current Assets . . . . . 118,628 57,502 300,172 (56,763) 419,539
Investment in subsidiaries. . . . . . . 1,475,156 450,021 — (1,925,177) —
Intercompany advances, net . . . . . 959,071 1,620,683 179,451 (2,759,205) —
Other Assets . . . . . . . . . . . . . . . . . . 42,831 1,061 2,044 — 45,936
Other Intangibles. . . . . . . . . . . . . . 466 17,109 45,009 — 62,584
Property and Equipment, net . . . . 35,169 17,774 53,206 — 106,149
Goodwill . . . . . . . . . . . . . . . . . . . . . — 16,660 445,566 — 462,226
Total Assets. . . . . . . . . . . . . . . . . . . $ 2,631,321 $ 2,180,810 $ 1,025,448 $ (4,741,145) $ 1,096,434
Liabilities and Shareholders’
Equity
Current Liabilities
Accounts payable . . . . . . . . . . . $ 42,521 $ 7,237 $ 66,946 $ — $ 116,704
Accrued expenses . . . . . . . . . . . 30,314 17,228 90,385 (4,827) 133,100
Accrued income taxes. . . . . . . . 5,375 — 6,884 — 12,259
Intercompany advances, net . . . 42,314 2,124 4,413 (48,851) —
Short-term debt and current
maturities of long-
term obligations . . . . . . . . . . . . 13,118 8 976 — 14,102
Total Current Liabilities . . 133,642 26,597 169,604 (53,678) 276,165
Long-Term Debt. . . . . . . . . . . . . . . 25,642 61 5,481 — 31,184
Other Long-Term Obligations . . . 53,470 — 64,806 — 118,276
Intercompany advances, net . . . . . 1,747,758 959,172 52,275 (2,759,205) —
Total Shareholders’ Equity. . . . . . 670,809 1,194,980 733,282 (1,928,262) 670,809
Total Liabilities and
Shareholders’ Equity. . . . . . . . . . . $ 2,631,321 $ 2,180,810 $ 1,025,448 $ (4,741,145) $ 1,096,434