Rayovac 2009 Annual Report Download - page 216

Table of Contents
Index to Financial Statements Predecessor Company
Consolidating Statement of Financial Position
September 30, 2008
Parent Guarantor Subsidiaries Nonguarantor Subsidiaries Eliminations Consolidated Total
ASSETS
Current assets:
Cash and cash equivalents $ 9,786 $ 3,667 $ 91,320 $ — $ 104,773
Receivables:
Trade accounts receivables, net of
allowances 94,859 90,719 168,371 — 353,949
Other 167,197 352,832 41,283 (520,556) 40,756
Inventories 65,970 156,234 164,967 (3,911) 383,260
Deferred income taxes (3,149) 11,969 4,404 733 13,957
Assets held for sale — 316 7,136 — 7,452
Prepaid expenses and other 21,118 7,361 20,971 — 49,450
Total current assets 355,781 623,098 498,452 (523,734) 953,597
Property, plant and equipment, net 47,621 63,749 123,435 — 234,805
Long term intercompany receivables 675,951 — (421,804) (254,147) —
Deferred charges and other 15,724 439,571 (411,166) — 44,129
Goodwill — 58,653 174,491 2,324 235,468
Intangible assets, net 213,523 305,547 223,926 (187) 742,809
Debt issuance costs 36,671 — — — 36,671
Investments in subsidiaries 3,908,119 3,357,348 3,549,876 (10,815,343) —
Total assets $ 5,253,390 $ 4,847,966 $ 3,737,210 $(11,591,087) $ 2,247,479
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Current maturities of long−term debt $ 138,165 $ 12 $ 35,059 $ (124,599) $ 48,637
Accounts payable 497,397 333,830 109,405 (662,506) 278,126
Accrued liabilities:
Wages and benefits 30,253 8,594 33,452 — 72,299
Income taxes payable 105 543 9,624 — 10,272
Restructuring and related charges 12,982 7,292 14,285 — 34,559
Accrued interest 49,769 — 745 — 50,514
Other 13,313 16,562 57,797 — 87,672
Total current liabilities 741,984 366,833 260,367 (787,105) 582,079
Long−term debt, net of current maturities 2,462,070 602,379 50,984 (640,651) 2,474,782
Employee benefit obligations, net of current portion 10,191 (1,278) 38,781 — 47,694
Deferred income taxes 158,242 (28,087) (15,481) — 114,674
Other 10,277 — 45,211 — 55,488
Total liabilities 3,382,764 939,847 379,862 (1,427,756) 3,274,717
Shareholders’ equity:
Common stock 692 451 537,926 (538,377) 692
Additional paid−in capital 674,252 2,134,693 3,547,564 (5,682,139) 674,370
Accumulated deficit (1,654,508) (489,611) (818,795) 1,267,999 (1,694,915)
Accumulated other comprehensive income 2,927,020 2,262,586 90,653 (5,210,814) 69,445
1,947,456 3,908,119 3,357,348 (10,163,331) (950,408)
Less treasury stock, at cost (76,830) — — — (76,830)
Total shareholders’ equity (deficit) 1,870,626 3,908,119 3,357,348 (10,163,331) (1,027,238)
Total liabilities and shareholders’ deficit $ 5,253,390 $ 4,847,966 $ 3,737,210 $(11,591,087) $ 2,247,479
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