Invacare 2015 Annual Report Download - page 127

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INVACARE CORPORATION AND SUBSIDIAIRIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
FS-55
CONSOLIDATING CONDENSED BALANCE SHEETS
The
company
(Parent)
Combined
Guarantor
Subsidiaries
Combined
Non-Guarantor
Subsidiaries Eliminations Total
(in thousands)
December 31, 2015
Assets
Current Assets
Cash and cash equivalents . . . . $ 14,047 $ 314 $ 45,694 $ — $ 60,055
Trade receivables, net . . . . . . . . 43,534 20,020 70,101 — 133,655
Installment receivables, net . . . — 361 784 — 1,145
Inventories, net . . . . . . . . . . . . . 6,300 25,418 103,173 (2,084) 132,807
Intercompany advances, net . . . 8,392 109 49,022 (57,523) —
Other current assets. . . . . . . . . . 6,380 186 32,384 (4,491) 34,459
Total Current Assets . . . . . 78,653 46,408 301,158 (64,098) 362,121
Investment in Subsidiaries . . . . . . 1,430,070 467,352 — (1,897,422) —
Intercompany Advances, net. . . . . 1,115,121 1,881,567 185,389 (3,182,077) —
Other Assets . . . . . . . . . . . . . . . . . . 3,095 727 837 — 4,659
Intangibles . . . . . . . . . . . . . . . . . . . 123 388 30,489 — 31,000
Property and Equipment, net . . . . 32,382 10,170 36,131 — 78,683
Goodwill . . . . . . . . . . . . . . . . . . . . . — 12,142 349,538 — 361,680
Total Assets. . . . . . . . . . . . . . . . . . . $ 2,659,444 $ 2,418,754 $ 903,542 $ (5,143,597) $ 838,143
Liabilities and Shareholders’
Equity
Current Liabilities
Accounts payable . . . . . . . . . . . $ 38,395 $ 8,699 $ 58,514 $ — $ 105,608
Accrued expenses . . . . . . . . . . . 31,061 20,940 74,910 (4,491) 122,420
Current taxes, payable and
deferred . . . . . . . . . . . . . . . . . . . 1,336 — 16,252 — 17,588
Intercompany advances, net . . . 43,972 2,412 11,140 (57,524) —
Short-term debt and current
maturities of long-
term obligations . . . . . . . . . . . . 880 275 873 — 2,028
Total Current Liabilities . . 115,644 32,326 161,689 (62,015) 247,644
Long-Term Debt. . . . . . . . . . . . . . . 35,326 7,257 2,509 — 45,092
Other Long-Term Obligations . . . 31,821 1,752 49,016 — 82,589
Intercompany Advances, net. . . . . 2,013,835 1,116,834 51,407 (3,182,076) —
Total Shareholders’ Equity. . . . . . 462,818 1,260,585 638,921 (1,899,506) 462,818
Total Liabilities and
Shareholders’ Equity. . . . . . . . . . . $ 2,659,444 $ 2,418,754 $ 903,542 $ (5,143,597) $ 838,143