Sunbeam 2003 Annual Report Download - page 35

Jarden Corporation
Consolidated Balance Sheets
(in thousands, except per share amounts) December 31,
2003 2002
Assets
Current assets:
Cash and cash equivalents .......................................... $ 125,400 $ 56,779
Accounts receivable, net of allowances of $11,880 and $6,095,
respectively .................................................... 92,777 40,470
Income taxes receivable ............................................ 913 1,039
Inventories, net ................................................... 105,573 59,463
Deferred taxes on income .......................................... 14,071 10,312
Prepaid expenses and other current assets ............................ 8,385 4,667
Total current assets ............................................ 347,119 172,730
Non-current assets:
Property, plant and equipment, at cost
Land ............................................................ 2,070 782
Buildings ........................................................ 31,642 25,109
Machinery and equipment ......................................... 155,111 115,637
188,823 141,528
Accumulated depreciation ......................................... (109,704) (96,291)
79,119 45,237
Goodwill ............................................................ 236,413 75,750
Other intangible assets, net ............................................. 79,413 58,310
Other assets .......................................................... 17,610 14,738
Total assets .......................................................... $ 759,674 $ 366,765
Liabilities and stockholders’ equity
Current liabilities:
Short-term debt and current portion of long-term debt ................. $ 17,512 $ 16,117
Accounts payable ................................................. 34,211 18,466
Accrued salaries, wages and employee benefits ......................... 15,879 13,559
Other current liabilities ............................................ 37,478 23,031
Total current liabilities ......................................... 105,080 71,173
Non-current liabilities:
Long-term debt ................................................... 369,870 200,838
Deferred taxes on income .......................................... 17,127 6,377
Other non-current liabilities ........................................ 17,692 11,613
Total non-current liabilities ..................................... 404,689 218,828
Commitments and contingencies ........................................ — —
Stockholders’ equity:
Common stock ($.01 par value, 50,000 shares authorized, 28,720 and
23,890 shares issued and 27,007 and 21,558 shares outstanding at
December 31, 2003 and 2002, respectively) .......................... 287 239
Additional paid-in capital .......................................... 165,056 33,996
Retained earnings ................................................. 100,811 69,033
Notes receivable for stock purchases ................................. — (5,109)
Accumulated other comprehensive loss ............................... 308 (3,463)
Less: treasury stock (1,713 and 2,332 shares, at cost, at December 31, 2003
and 2002, respectively) ........................................... (16,557) (17,932)
Total stockholders’ equity ...................................... 249,905 76,764
Total liabilities and stockholders’ equity .................................. $ 759,674 $ 366,765
The accompanying notes are an integral part of the consolidated financial statements.
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