Rayovac 2005 Annual Report Download - page 122

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Consolidating Balance Sheet
September 30, 2004
Guarantor Nonguarantor Consolidated
Parent Subsidiaries Subsidiaries Eliminations Total
ASSETS
Current assets:
Cash and cash equivalents $ 176 $ 53 $ 13,742 $ – $ 13,971
Receivables:
Trade accounts receivables, net of allowances 100,783 – 169,194 – 269,977
Other (45,690) 201,370 99,434 (235,459) 19,655
Inventories 120,645 – 148,024 (3,943) 264,726
Deferred income taxes 8,611 7 8,859 1,756 19,233
Assets held for sale 968 – 8,902 – 9,870
Prepaid expenses and other 22,404 – 28,858 – 51,262
Total current assets 207,897 201,430 477,013 (237,646) 648,694
Property, plant and equipment, net 78,034 82 104,280 – 182,396
Deferred charges and other 70,864 – 3,363 (39,148) 35,079
Goodwill 139,454 – 181,123 – 320,577
Intangible assets, net 247,551 – 174,742 (187) 422,106
Debt issuance costs 25,299 – – – 25,299
Investments in subsidiaries 666,586 566,376 – (1,232,962) –
Total assets $1,435,685 $767,888 $940,521 $(1,509,943) $1,634,151
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt $ 121,807 $ – $ 20,859 $ (118,771) $ 23,895
Accounts payable 129,792 90,812 122,048 (116,418) 226,234
Accrued liabilities:
Wages and benefits 15,547 – 24,591 – 40,138
Income taxes payable 4,959 – 16,713 – 21,672
Restructuring and related charges 7,267 – 1,238 – 8,505
Accrued interest 17,604 – (1,302) – 16,302
Other 14,894 – 45,200 – 60,094
Total current liabilities 311,870 90,812 229,347 (235,189) 396,840
Long-term debt, net of current maturities 782,867 – 62,280 (39,145) 806,002
Employee benefit obligations, net of current portion 30,297 – 38,949 – 69,246
Deferred income taxes (13,356) 9,111 11,517 – 7,272
Other 2,196 – 35,172 – 37,368
Total liabilities 1,113,874 99,923 377,265 (274,334) 1,316,728
Minority interest in equity of consolidated subsidiary 1,379 1,379 1,379 (2,758) 1,379
Shareholders’ equity:
Common stock 642 1 378 (379) 642
Additional paid-in capital 224,844 434,032 432,657 (866,571) 224,962
Retained earnings 220,142 238,726 136,964 (375,349) 220,483
Accumulated other comprehensive income 15,468 (6,173) (8,122) 9,448 10,621
Notes receivable from officers/shareholders (3,605) – – – (3,605)
457,491 666,586 561,877 (1,232,851) 453,103
Less treasury stock, at cost (130,070) – – – (130,070)
Less unearned restricted stock compensation (6,989) – – – (6,989)
Total shareholders’ equity 320,432 666,586 561,877 (1,232,851) 316,044
Total liabilities and shareholders’ equity $1,435,685 $767,888 $940,521 $(1,509,943) $1,634,151
2005 Form 10-K Annual Report
Spectrum Brands, Inc.
SPECTRUM BRANDS, INC.102