Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.5.0.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Jun. 30, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 936.7 $ 889.8
Receivables, net of allowance for doubtful accounts 94.1 69.9
Inventories 322.5 332.0
Prepaid expenses and other current assets 193.2 161.1
Deferred income tax assets 114.8 113.5
Total current assets 1,661.3 1,566.3
Property, at cost, net of accumulated depreciation and amortization 371.5 339.2
Deferred compensation plan assets 29.5 29.3
Other assets 148.1 141.1
Marketing related intangibles and other intangible assets, net 310.1 310.2
Goodwill 93.4 91.8
Total assets 2,613.9 2,477.9
CURRENT LIABILITIES:    
Accounts payable 85.4 71.1
Royalty overrides 247.1 249.9
Accrued compensation 115.3 128.8
Accrued expenses 455.8 228.7
Current portion of long-term debt 423.3 229.5
Advance sales deposits 101.4 63.8
Income taxes payable 29.4 52.6
Total current liabilities 1,457.7 1,024.4
NON-CURRENT LIABILITIES:    
Long-term debt, net of current portion 1,003.3 1,392.5
Deferred compensation plan liability 46.9 43.6
Deferred income tax liabilities 0.4 0.4
Other non-current liabilities 70.1 70.5
Total liabilities 2,578.4 2,531.4
CONTINGENCIES
SHAREHOLDERS’ EQUITY (DEFICIT):    
Common shares, $0.001 par value; 1.0 billion shares authorized; 93.0 million (2016) and 92.7 million (2015) shares outstanding 0.1 0.1
Paid-in capital in excess of par value 457.3 438.2
Accumulated other comprehensive loss (168.5) (165.5)
Accumulated deficit (253.4) (326.3)
Total shareholders’ equity (deficit) 35.5 (53.5)
Total liabilities and shareholders’ equity (deficit) $ 2,613.9 $ 2,477.9