Sally Beauty Supply 2006 Annual Report Download - page 62
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Table of Contents
SALLY HOLDINGS, INC. AND SUBSIDIARIES
(A Wholly-Owned Subsidiary of Alberto-Culver Company)
Consolidated Balance Sheets
September 30, 2006 and 2005
(In thousands)
2006 2005
Assets
Current assets:
Cash and cash equivalents $ 107,571 $ 38,612
Trade accounts receivable, less allowance for doubtful accounts of $2,246
and $2,073 at September 30, 2006 and 2005, respectively 45,462 40,314
Other receivables 21,228 19,348
Inventories 574,983 525,132
Prepaid expenses 10,255 9,042
Due from Alberto-Culver 463 11,320
Deferred income tax assets 10,327 7,672
Total current assets 770,289 651,440
Property and equipment, net 142,735 149,354
Goodwill 364,693 353,525
Intangible assets, net 53,238 48,282
Notes receivable from affiliated companies
—
15,242
Other assets 7,886 7,664
Total assets $ 1,338,841 $ 1,225,507
Liabilities and Stockholder’s Equity
Current liabilities:
Current maturities of long-term debt $ 503 $ 303
Notes payable to affiliated companies
—
13,577
Accounts payable 176,623 151,101
Accrued expenses 114,056 103,977
Total current liabilities 291,182 268,958
Long-term debt 621 610
Notes payable to affiliated companies
—
18,218
Other liabilities 11,953 21,310
Deferred income tax liabilities 21,590 16,115
Total liabilities 325,346 325,211
Stock options subject to redemption 7,528
—
Commitments and contingencies
Stockholder’ s equity:
Common stock, no par value. Authorized 1,000 shares; issued and
outstanding 1,000 shares
—
—
Additional paid-in capital 62,172 63,884
Retained earnings 927,512 822,980
Accumulated other comprehensive income—foreign currency translation 16,283 13,432
Total stockholder’ s equity 1,005,967 900,296
Total liabilities and stockholder’ s equity $ 1,338,841 $ 1,225,507
See accompanying notes to the consolidated financial statements.
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