Nautilus 2004 Annual Report Download - page 36

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Table of Contents
NAUTILUS, INC.
CONSOLIDATED BALANCE SHEETS
DECEMBER 31, 2004 AND 2003
(In Thousands, Except Share Data)
See notes to consolidated financial statements.
34
2004
2003
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
$
19,266
$
21,352
Short
-
term investments
85,319
51,282
Trade receivables (less allowance for doubtful accounts of $3,252 and $2,686 in 2004 and 2003,
respectively)
95,593
75,492
Inventories
49,104
53,129
Prepaid expenses and other current assets
9,427
6,049
Short
-
term notes receivable
2,503
2,362
Current deferred tax assets
4,661
4,646
Total current assets
265,873
214,312
PROPERTY, PLANT AND EQUIPMENT, net
46,350
50,602
GOODWILL
29,755
29,755
OTHER ASSETS, net
17,663
17,266
TOTAL ASSETS
$
359,641
$
311,935
LIABILITIES AND STOCKHOLDERS
’
EQUITY
CURRENT LIABILITIES:
Trade payables
$
57,861
$
34,879
Accrued liabilities
24,685
28,648
Income taxes payable
10,803
8,488
Royalty payable to stockholders
18
2,133
Customer deposits
2,957
1,453
Total current liabilities
96,324
75,601
NONCURRENT DEFERRED TAX LIABILITIES
11,081
10,206
OTHER NONCURRENT LIABILITIES
200
—
COMMITMENTS AND CONTINGENCIES (Notes 9 and 14)
STOCKHOLDERS
’
EQUITY:
Common stock - 75,000,000 shares authorized; no par value; issued and outstanding, 33,147,758 and
32,605,448 shares in 2004 and 2003, respectively
10,682
2,828
Unearned stock compensation
(1,204
)
(1,544
)
Retained earnings
238,474
221,580
Accumulated other comprehensive income
4,084
3,264
Total stockholders
’
equity
252,036
226,128
TOTAL LIABILITIES AND STOCKHOLDERS
’
EQUITY
$
359,641
$
311,935