Sunbeam 2004 Annual Report Download - page 43

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Jarden Corporation
Consolidated Balance Sheets
(in thousands, except per share amounts)
December 31,
2004 2003
Assets
Current assets:
Cash and cash equivalents ......................................... $ 20,665 $ 125,400
Accounts receivable, net of allowances of $14,149 and $11,880,
respectively .................................................... 127,468 92,777
Income taxes receivable ........................................... 1,135 913
Inventories, net .................................................. 154,180 105,573
Deferred taxes on income ......................................... 19,801 14,071
Prepaid expenses and other current assets............................ 11,813 8,385
Total current assets ........................................... 335,062 347,119
Non-current assets:
Property, plant and equipment, at cost
Land ........................................................... 3,395 2,070
Buildings ....................................................... 33,793 31,642
Machinery and equipment ......................................... 172,685 155,111
209,873 188,823
Accumulated depreciation ......................................... (124,444) (109,704)
85,429 79,119
Goodwill ............................................................ 467,594 236,413
Other intangible assets, net ............................................ 134,789 79,413
Other assets ......................................................... 19,507 17,610
Total assets .......................................................... $1,042,381 $ 759,674
Liabilities and stockholders’ equity
Current liabilities:
Short-term debt and current portion of long-term debt ................. $ 16,951 $ 17,512
Accounts payable ................................................. 48,910 34,211
Accrued salaries, wages and employee benefits ........................ 15,682 15,879
Deferred consideration for acquisitions .............................. 28,995 2,833
Other current liabilities ........................................... 43,153 34,645
Total current liabilities ........................................ 153,691 105,080
Non-current liabilities:
Long-term debt .................................................. 470,500 369,870
Deferred taxes on income ......................................... 41,041 17,127
Other non-current liabilities ....................................... 43,198 17,692
Total non-current liabilities .................................... 554,739 404,689
Commitments and contingencies ——
Stockholders’ equity:
Common stock ($.01 par value, 50,000 shares authorized, 28,720 and
28,720 shares issued and 28,292 and 27,007 shares outstanding at
December 31, 2004 and 2003, respectively) ......................... 287 287
Additional paid-in capital .......................................... 193,004 165,056
Retained earnings ................................................ 143,245 100,811
Accumulated other comprehensive income ........................... 4,068 308
Less: treasury stock (428 and 1,713 shares, at cost, at December 31, 2004
and 2003, respectively) .......................................... (6,653) (16,557)
Total stockholders’ equity ..................................... 333,951 249,905
Total liabilities and stockholders’ equity ................................. $1,042,381 $ 759,674
The accompanying notes are an integral part of the consolidated financial statements.
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