Invacare 2015 Annual Report Download - page 128

Download and view the complete annual report

Please find page 128 of the 2015 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.

Page out of 140

  • 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

INVACARE CORPORATION AND SUBSIDIAIRIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued)
FS-56
CONSOLIDATING CONDENSED BALANCE SHEETS
The
company
(Parent)
Combined
Guarantor
Subsidiaries
Combined
Non-Guarantor
Subsidiaries Eliminations Total
(in thousands)
December 31, 2014
Assets
Current Assets
Cash and cash equivalents . . . . $ 7,340 $ 355 $ 31,236 $ — $ 38,931
Trade receivables, net . . . . . . . . 47,030 21,979 85,198 — 154,207
Installment receivables, net . . . — 292 762 — 1,054
Inventories, net . . . . . . . . . . . . . 25,021 25,784 107,139 (2,383) 155,561
Deferred income taxes . . . . . . . — — 2,048 — 2,048
Intercompany advances, net . . . 10,007 976 84,816 (95,799) —
Other current assets. . . . . . . . . . 8,082 228 33,123 (4,635) 36,798
Assets held for sale - current . . 3,982 13,406 — — 17,388
Total Current Assets . . . . . 101,462 63,020 344,322 (102,817) 405,987
Investment in Subsidiaries . . . . . . 1,409,482 491,541 — (1,901,023) —
Intercompany Advances, net. . . . . 1,049,235 1,685,366 184,652 (2,919,253) —
Other Assets . . . . . . . . . . . . . . . . . . 16,955 657 1,441 — 19,053
Intangibles . . . . . . . . . . . . . . . . . . . 286 393 37,334 — 38,013
Property and Equipment, net . . . . 29,632 7,209 42,818 — 79,659
Goodwill . . . . . . . . . . . . . . . . . . . . . — 11,968 409,051 — 421,019
Total Assets. . . . . . . . . . . . . . . . . . . $ 2,607,052 $ 2,260,154 $ 1,019,618 $ (4,923,093) $ 963,731
Liabilities and Shareholders’
Equity
Current Liabilities
Accounts payable . . . . . . . . . . . $ 48,815 $ 6,363 $ 64,749 $ — $ 119,927
Accrued expenses . . . . . . . . . . . 51,613 20,533 88,188 (4,635) 155,699
Current taxes, payable and
deferred . . . . . . . . . . . . . . . . . . . 1,632 — 11,002 — 12,634
Intercompany advances, net . . . 81,141 1,738 12,921 (95,800) —
Short-term debt and current
maturities of long-
term obligations . . . . . . . . . . . . — — 959 — 959
Liabilities held for sale -
current . . . . . . . . . . . . . . . . . . . . 632 381 — — 1,013
Total Current Liabilities . . 183,833 29,015 177,819 (100,435) 290,232
Long-Term Debt. . . . . . . . . . . . . . . 15,351 — 4,021 — 19,372
Other Long-Term Obligations . . . 28,551 — 60,254 — 88,805
Intercompany Advances, net. . . . . 1,813,995 1,051,170 54,088 (2,919,253) —
Total Shareholders’ Equity. . . . . . 565,322 1,179,969 723,436 (1,903,405) 565,322
Total Liabilities and
Shareholders’ Equity. . . . . . . . . . . $ 2,607,052 $ 2,260,154 $ 1,019,618 $ (4,923,093) $ 963,731