Rayovac 2012 Annual Report Download - page 89
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SPECTRUM BRANDS HOLDINGS, INC. AND SUBSIDIARIES
Consolidated Statements of Financial Position
September 30, 2012 and September 30, 2011
(In thousands, except per share amounts)
2012 2011
Assets
Current assets:
Cash and cash equivalents ............................................ $ 157,961 $ 142,414
Receivables:
Trade accounts receivable, net of allowances of $21,870 and $14,128,
respectively ................................................. 335,301 356,605
Other ........................................................ 38,116 37,678
Inventories ........................................................ 452,633 434,630
Deferred income taxes ............................................... 28,143 28,170
Prepaid expenses and other ........................................... 49,273 48,792
Total current assets ......................................... 1,061,427 1,048,289
Property, plant and equipment, net ......................................... 214,017 206,389
Deferred charges and other ............................................... 27,711 36,824
Goodwill ............................................................. 694,245 610,338
Intangible assets, net .................................................... 1,714,929 1,683,909
Debt issuance costs ..................................................... 39,320 40,957
Total assets ............................................... $3,751,649 $3,626,706
Liabilities and Shareholders’ Equity
Current liabilities:
Current maturities of long-term debt .................................... $ 16,414 $ 16,090
Accounts payable .................................................. 325,023 323,171
Accrued liabilities:
Wages and benefits ............................................. 82,119 70,945
Income taxes payable ........................................... 30,272 31,606
Accrued interest ................................................ 30,473 30,467
Other ........................................................ 126,330 134,633
Total current liabilities ...................................... 610,631 606,912
Long-term debt, net of current maturities .................................... 1,652,886 1,535,522
Employee benefit obligations, net of current portion ........................... 89,994 83,802
Deferred income taxes ................................................... 377,465 337,336
Other ................................................................ 31,578 44,637
Total liabilities ............................................ 2,762,554 2,608,209
Commitments and contingencies
Shareholders’ equity:
Common stock, $.01 par value, authorized 200,000 shares; issued 52,799 and
52,431 shares; outstanding 51,483 and 52,226 shares at September 30, 2012
and September 30, 2011, respectively ................................. 528 525
Additional paid-in capital ............................................ 1,399,261 1,374,097
Accumulated deficit ................................................ (340,647) (336,063)
Accumulated other comprehensive loss ................................. (33,435) (14,446)
1,025,707 1,024,113
Less treasury stock at cost, 1,316 and 205 shares, respectively ....... (36,612) (5,616)
Total shareholders’ equity .................................... 989,095 1,018,497
Total liabilities and shareholders’ equity ........................ $3,751,649 $3,626,706
See accompanying notes to consolidated financial statements.
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