Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.20.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 944.2 $ 839.4
Receivables, net of allowance for doubtful accounts 79.2 79.7
Inventories 400.6 436.2
Prepaid expenses and other current assets 147.7 132.9
Total current assets 1,571.7 1,488.2
Property, plant, and equipment, at cost, net of accumulated depreciation and amortization 365.6 371.5
Operating lease right-of-use assets 180.1 189.5
Marketing-related intangibles and other intangible assets, net 310.1 310.1
Goodwill 85.7 91.5
Other assets 202.1 227.8
Total assets 2,715.3 2,678.6
Current liabilities:    
Accounts payable 82.6 81.6
Royalty overrides 250.7 294.1
Current portion of long-term debt 23.1 24.1
Other current liabilities 628.0 564.6
Total current liabilities 984.4 964.4
Long-term debt, net of current portion 1,810.7 1,778.9
Non-current operating lease liabilities 165.6 169.9
Other non-current liabilities 143.1 155.4
Total liabilities 3,103.8 3,068.6
Commitments and contingencies
Shareholders’ deficit:    
Common shares, $0.0005 par value; 2.0 billion shares authorized; 137.7 million (2020) and 137.4 million (2019) shares outstanding 0.1 0.1
Paid-in capital in excess of par value 373.0 366.6
Accumulated other comprehensive loss (263.0) (212.5)
Accumulated deficit (169.7) (215.3)
Treasury stock, at cost, 10.0 million (2020) and 10.0 million (2019) shares (328.9) (328.9)
Total shareholders’ deficit (388.5) (390.0)
Total liabilities and shareholders’ deficit $ 2,715.3 $ 2,678.6