Memorex 2014 Annual Report Download - page 51

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46
IMATION CORP.
CONSOLIDATED BALANCE SHEETS
As of December 31,
2014 2013
(In millions, except per
share amounts)
ASSETS
Current assets
Cash and cash equivalents $ 114.6 $ 132.6
Accounts receivable, net 134.4 163.3
Inventories 57.7 84.3
Other current assets 32.7 48.8
Total current assets 339.4 429.0
Property, plant and equipment, net 45.0 51.6
Intangible assets, net 57.9 68.6
Goodwill 36.1 72.1
Other assets 20.8 20.5
Total assets $ 499.2 $ 641.8
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable $ 95.5 $ 94.7
Short-term debt 18.9 20.0
Other current liabilities 98.2 116.4
Total current liabilities 212.6 231.1
Other liabilities 45.8 37.5
Total liabilities 258.4 268.6
Commitments and contingencies (Note 15)
Shareholders’ equity
Preferred stock, $.01 par value, authorized 25 million shares, none issued and
outstanding — —
Common stock, $.01 par value, authorized 100 million shares, 42.9 million issued 0.4 0.4
Additional paid-in capital 1,034.6 1,047.7
Retained deficit (699.9) (585.2)
Accumulated other comprehensive loss (84.8) (62.8)
Treasury stock, at cost (9.5) (26.9)
Total shareholders’ equity 240.8 373.2
Total liabilities and shareholders’ equity $ 499.2 $ 641.8
The accompanying Notes to Consolidated Financial Statements are an integral part of these statements.