Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.19.3.a.u2
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 839.4 $ 1,198.9
Receivables, net of allowance for doubtful accounts 79.7 70.5
Inventories 436.2 381.8
Prepaid expenses and other current assets 132.9 153.8
Total current assets 1,488.2 1,805.0
Property, plant, and equipment, at cost, net of accumulated depreciation and amortization 371.5 360.0
Operating lease right-of-use assets 189.5  
Marketing-related intangibles and other intangible assets, net 310.1 310.1
Goodwill 91.5 92.9
Other assets 227.8 221.8
Total assets 2,678.6 2,789.8
Current liabilities:    
Accounts payable 81.6 81.1
Royalty overrides 294.1 281.4
Current portion of long-term debt 24.1 678.9
Other current liabilities 564.6 547.4
Total current liabilities 964.4 1,588.8
Long-term debt, net of current portion 1,778.9 1,774.9
Non-current operating lease liabilities 169.9  
Other non-current liabilities 155.4 149.5
Total liabilities 3,068.6 3,513.2
Commitments and contingencies
Shareholders’ deficit:    
Common shares, $0.0005 par value; 2.0 billion shares authorized; 137.4 million (2019) and 142.8 million (2018) shares outstanding 0.1 0.1
Paid-in capital in excess of par value 366.6 341.5
Accumulated other comprehensive loss (212.5) (209.8)
Accumulated deficit (215.3) (526.3)
Treasury stock, at cost, 10.0 million (2019) and 10.0 million (2018) shares (328.9) (328.9)
Total shareholders’ deficit (390.0) (723.4)
Total liabilities and shareholders’ deficit $ 2,678.6 $ 2,789.8