Nautilus 2002 Annual Report Download - page 39

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THE NAUTILUS GROUP, INC.
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2002 AND 2001
(In Thousands, Except Share Data)
-----------------------------------------------------------------------------------------------
ASSETS 2002 2001
--------- ---------
CURRENT ASSETS:
Cash and cash equivalents $ 31,719 $ 35,639
Short-term investments, at amortized cost 17,578 16,070
Trade receivables (less allowance for doubtful accounts
of $3,147 and $2,064 in 2002 and 2001) 50,099 24,858
Inventories 63,798 45,516
Prepaid expenses and other current assets 4,919 2,007
Short-term notes receivable 3,067 2,672
Current deferred tax assets 2,924 1,425
--------- ---------
Total current assets 174,104 128,187
LONG-TERM NOTES RECEIVABLE 363 --
PROPERTY, PLANT AND EQUIPMENT, net 55,564 25,228
GOODWILL 29,755 29,625
OTHER ASSETS, net 16,867 10,865
--------- ---------
TOTAL ASSETS $ 276,653 $ 193,905
LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
Trade payables $ 41,288 $ 25,256
Accrued liabilities 15,827 10,888
Income taxes payable 5,284 4,792
Royalty payable to stockholders 1,997 1,885
Customer deposits 685 1,000
--------- ---------
Total current liabilities 65,081 43,821
LONG-TERM DEFERRED TAX LIABILITY 9,149 2,670
COMMITMENTS AND CONTINGENCIES (Notes 8 and 15)
STOCKHOLDERS' EQUITY:
Common stock - 75,000,000 shares authorized; no par value;
issued and outstanding in 2002 and 2001: 32,473,897 shares and
34,954,790 shares -- 4,900
Retained earnings 201,238 142,637
Accumulated other comprehensive income (loss) 1,185 (123)
--------- ---------
Total stockholders' equity 202,423 147,414
--------- ---------
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 276,653 $ 193,905
========= =========
See notes to consolidated financial statements.
-39-
2003. EDGAR Online, Inc.