Rayovac 2006 Annual Report Download - page 111

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SPECTRUM BRANDS | 2006 ANNUAL REPORT 99
Consolidating Balance Sheet
September 30, 2006
Guarantor Nonguarantor Consolidated
Parent Subsidiaries Subsidiaries Eliminations Total
ASSETS
Current assets:
Cash and cash equivalents $ 2,676 $ 1,376 $ 24,378 $ – $ 28,430
Receivables:
Trade accounts receivables, net of allowances 99,605 42,360 187,315 – 329,280
Other 40,203 201,810 23,847 (229,608) 36,252
Inventories 221,545 53,633 192,688 (7,194) 460,672
Deferred income taxes 33,787 10,565 4,294 1,755 50,401
Assets held for sale 337 – 3,162 – 3,499
Prepaid expenses and other 25,601 3,288 22,392 – 51,281
Total current assets 423,754 313,032 458,076 (235,047) 959,815
Property, plant and equipment, net 80,809 63,506 167,524 — 311,839
Deferred charges and other 782,811 (307,735) (115,389) (310,659) 49,028
Goodwill 306,639 452,526 368,695 2,324 1,130,184
Intangible assets, net 167,755 676,236 217,284 (188) 1,061,087
Debt issuance costs 37,367 – – – 37,367
Investments in subsidiaries 5,170,220 4,399,464 3,763,656 (13,333,340) –
Total assets $6,969,355 $5,597,029 $4,859,846 $(13,876,910) $3,549,320
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt $ 29,715 $ – $ 36,082 $ (23,084) $ 42,713
Accounts payable 401,385 186,406 173,280 (451,960) 309,111
Accrued liabilities:
Wages and benefits 7,641 7,028 26,282 – 40,951
Income taxes payable 10,797 2,753 8,948 – 22,498
Restructuring and related charges 17,258 14,435 13,833 – 45,526
Accrued interest 36,333 – 641 – 36,974
Liabilities held for sale – – – – –
Other 18,241 4,882 41,717 – 64,840
Total current liabilities 521,370 215,504 300,783 (475,044) 562,613
Long-term debt, net of current maturities 2,214,332 (13,215) 70,232 (36,891) 2,234,458
Employee benefit obligations, net of current portion 26,556 5,386 44,951 – 76,893
Deferred income taxes (41,143) 219,134 (21,413) – 156,578
Other 732 – 65,829 – 66,561
Total liabilities 2,721,847 426,809 460,382 (511,935) 3,097,103
Shareholders’ equity:
Common stock 674 547 537,237 (537,784) 674
Additional paid-in capital 651,526 1,488,337 4,413,930 (5,902,149) 651,644
(Accumulated deficit) Retained earnings (126,084) 35,527 (115,942) 39,842 (166,657)
Accumulated other comprehensive income (loss) 3,794,475 3,645,809 (435,761) (6,964,884) 39,639
4,320,591 5,170,220 4,399,464 (13,364,975) 525,300
Less treasury stock, at cost (73,083) – – – (73,083)
Total shareholders’ equity 4,247,508 5,170,220 4,399,464 (13,364,975) 452,217
Total liabilities and shareholders’ equity $6,969,355 $5,597,029 $4,859,846 $(13,876,910) $3,549,320
2006 Form 10-K Annual Report
Spectrum Brands, Inc.