Nautilus 2000 Annual Report Download - page 27

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DIRECT FOCUS,INC.
CONSOLIDATED BALANCE SHEETS
December 31,
1999
December 31,
2000
ASSETS
CURRENT ASSETS:
Cash and cash equivalents $ 35,703,457 $ 77,181,064
Trade receivables (less allowance for doubtful accounts of:
1999, $304,727 and 2000, $352,279)
4,744,213 4,941,286
Inventories 9,167,554 12,653,117
Prepaid expenses and other current assets 1,863,951 591,453
Current deferred tax asset 820,789 950,363
Total current assets 52,299,964 96,317,283
PROPERTY, PLANT AND EQUIPMENT, NET 10,644,838 16,668,884
OTHER ASSETS 4,364,963 4,140,277
TOTAL ASSETS $ 67,309,765 $ 117,126,444
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Trade payables $ 5,871,369 $ 12,335,776
Accrued liabilities 4,051,540 5,344,225
Income taxes payable 2,177,236 2,542,967
Royalty payable to stockholders 893,563 1,481,886
Customer deposits 1,097,748 2,092,611
Total current liabilities 14,091,456 23,797,465
LONG-TERM DEFERRED TAX LIABILITY 187,484 462,004
COMMITMENTS AND CONTINGENCIES (Notes 8 and 15)
STOCKHOLDERS' EQUITY:
Common stock—authorized, 75,000,000 shares of no par value; Outstanding, 1999:
23,499,333 shares, 2000: 23,545,181 shares
18,602,420 16,812,476
Retained earnings 34,428,405 76,054,499
Total stockholders' equity 53,030,825 92,866,975
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 67,309,765 $ 117,126,444
See notes to consolidated financial statements.
26
2002. EDGAR Online, Inc.