Rayovac 2008 Annual Report Download - page 183

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Table of Contents
Index to Financial Statements
Consolidating Balance Sheet
September 30, 2007
Parent
Guarantor
Subsidiaries
Nonguarantor
Subsidiaries Eliminations
Consolidated
Total
ASSETS
Current assets:
Cash and cash equivalents $ 11,602 $ 1,473 $ 56,778 $ — $ 69,853
Receivables, net 266,997 292,498 137,326 (296,422) 400,399
Inventories 145,850 74,832 176,601 (954) 396,329
Assets held for sale (22,397) 47,688 8,355 — 33,646
Prepaid expenses and other 40,699 9,305 24,702 1,468 76,174
Total current assets 442,751 425,796 403,762 (295,908) 976,401
Property, plant and equipment, net 65,427 64,351 151,790 — 281,568
Deferred charges and other 702,934 426,867 23,446 (1,112,507) 40,740
Goodwill 3,298 435,603 379,502 2,324 820,727
Intangible assets, net 226,515 433,842 386,874 (187) 1,047,044
Debt issuance costs 44,906 — — — 44,906
Investments in subsidiaries 5,097,465 4,326,785 3,559,881 (12,984,131) —
Total assets $ 6,583,296 $ 6,113,244 $ 4,905,255 $ (14,390,409) $ 3,211,386
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current maturities of long-term debt $ 72,134 $ 30 $ 29,628 $ (58,354) $ 43,438
Accounts payable 440,746 236,438 191,634 (589,270) 279,548
Accrued liabilities:
Wages and benefits 26,549 6,820 34,123 — 67,492
Income taxes payable 7,537 1,218 9,590 — 18,345
Restructuring and related charges 30,537 4,924 20,332 — 55,793
Accrued interest 50,778 — 344 — 51,122
Liabilities held for sale (39,213) 47,688 — — 8,475
Other 18,540 7,972 55,431 — 81,943
Total current liabilities 607,608 305,090 341,082 (647,624) 606,156
Long-term debt, net of current maturities 2,403,531 609,706 66,730 (663,051) 2,416,916
Employee benefit obligations, net of current portion 10,531 (513) 44,451 — 54,469
Deferred income taxes 4,973 101,496 62,618 1 169,088
Other 4,997 — 63,589 (1) 68,585
Total liabilities 3,031,640 1,015,779 578,470 (1,310,675) 3,315,214
Shareholders’ equity:
Common stock 690 547 537,944 (538,491) 690
Additional paid-in capital 669,156 1,438,763 4,303,169 (5,741,814) 669,274
(Accumulated deficit) Retained earnings (721,829) 57,938 (597,425) 497,946 (763,370)
Accumulated other comprehensive income 3,679,725 3,600,217 83,097 (7,297,375) 65,664
3,627,742 5,097,465 4,326,785 (13,079,734) (27,742)
Less treasury stock, at cost (76,086) — — — (76,086)
Total shareholders’ equity (deficit) 3,551,656 5,097,465 4,326,785 (13,079,734) (103,828)
Total liabilities and shareholders’ equity $ 6,583,296 $ 6,113,244 $ 4,905,255 $ (14,390,409) $ 3,211,386
178
Source: Spectrum Brands, Inc, 10-K, December 10, 2008