Toro 2015 Annual Report Download - page 53

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CONSOLIDATED BALANCE SHEETS
(Dollars in thousands, except per share data) October 31 2015 2014
ASSETS
Cash and cash equivalents $ 126,275 $ 314,873
Receivables, net:
Customers (net of $1,378 and $1,481, respectively, for allowance for doubtful accounts) 171,172 151,479
Other 5,841 6,679
Total receivables, net 177,013 158,158
Inventories, net 334,514 274,603
Prepaid expenses and other current assets 34,782 33,580
Deferred income taxes 38,095 42,822
Total current assets 710,679 824,036
Property, plant, and equipment, net 224,995 205,195
Long-term deferred income taxes 28,568 26,075
Goodwill 195,533 91,851
Other intangible assets, net 119,010 23,829
Other assets 24,873 21,429
Total assets $1,303,658 $1,192,415
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current portion of long-term debt $ 23,134 $ 6,640
Short-term debt 222 20,818
Accounts payable 152,017 124,271
Accrued liabilities:
Warranty 70,734 71,080
Advertising and marketing programs 76,689 66,169
Compensation and benefit costs 56,269 59,724
Insurance 6,814 6,960
Income taxes 4,275 4,699
Other 53,580 40,059
Total current liabilities 443,734 400,420
Long-term debt, less current portion 354,818 347,316
Deferred revenue 11,365 10,947
Deferred income taxes 7 –
Other long-term liabilities 31,569 25,005
Stockholders’ equity:
Preferred stock, par value $1.00, authorized 1,000,000 voting and 850,000 non-voting shares; none
issued and outstanding – –
Common stock, par value $1.00, authorized 175,000,000 shares; issued and outstanding 54,650,916
shares as of October 31, 2015 and 55,678,419 shares as of October 31, 2014 54,651 55,678
Retained earnings 437,357 368,754
Accumulated other comprehensive loss (29,843) (15,705)
Total stockholders’ equity 462,165 408,727
Total liabilities and stockholders’ equity $1,303,658 $1,192,415
The financial statements should be read in conjunction with the Notes to Consolidated Financial Statements.
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