Sally Beauty Supply 2013 Annual Report Download - page 105
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SALLY BEAUTY HOLDINGS, INC. AND SUBSIDIARIES
Consolidated Balance Sheets
September 30, 2013 and 2012
(In thousands, except par value data)
2013 2012
Assets
Current assets:
Cash and cash equivalents .................................... $ 47,115 $ 240,220
Trade accounts receivable, net ................................. 57,049 59,496
Accounts receivable, other .................................... 39,196 42,260
Income taxes receivable ...................................... 4,931 23,734
Inventory ................................................ 808,313 735,356
Prepaid expenses ........................................... 26,727 29,376
Deferred income tax assets, net ................................ 32,486 33,465
Total current assets ....................................... 1,015,817 1,163,907
Property and equipment, net .................................... 229,540 202,661
Goodwill .................................................. 538,278 532,331
Intangible assets, excluding goodwill, net ........................... 130,097 128,437
Other assets ................................................ 36,354 38,464
Total assets ............................................. $1,950,086 $2,065,800
Liabilities and Stockholders’ Deficit
Current liabilities:
Current maturities of long-term debt ............................ $ 78,018 $ 1,908
Accounts payable .......................................... 273,456 262,209
Accrued liabilities .......................................... 184,762 200,267
Income taxes payable ........................................ 6,417 13,004
Total current liabilities ..................................... 542,653 477,388
Long-term debt ............................................. 1,612,685 1,615,322
Other liabilities ............................................. 24,286 24,232
Deferred income tax liabilities, net ............................... 73,941 63,943
Total liabilities ........................................... 2,253,565 2,180,885
Stockholders’ deficit:
Common stock, $0.01 par value. Authorized 500,000 shares; 164,762 and
180,548 shares issued and 164,425 and 180,241 shares outstanding at
September 30, 2013 and 2012, respectively ....................... 1,644 1,802
Preferred stock, $0.01 par value. Authorized 50,000 shares; none issued . . . — —
Additional paid-in capital ..................................... 91,022 540,007
Accumulated deficit ......................................... (385,090) (646,241)
Treasury Stock, 47 shares, at cost ............................... (1,237) —
Accumulated other comprehensive loss, net of tax ................... (9,818) (10,653)
Total stockholders’ deficit ................................... (303,479) (115,085)
Total liabilities and stockholders’ deficit ......................... $1,950,086 $2,065,800
The accompanying notes to consolidated financial statements are an integral part of these financial
statements.
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