Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 454.2 $ 508.0
Receivables, net of allowance for doubtful accounts 85.1 70.6
Inventories 545.1 580.7
Prepaid expenses and other current assets 237.8 196.8
Total current assets 1,322.2 1,356.1
Property, plant, and equipment, at cost, net of accumulated depreciation and amortization 479.9 486.3
Operating lease right-of-use assets 202.0 207.1
Marketing-related intangibles and other intangible assets, net 315.2 315.7
Goodwill 94.0 93.2
Other assets 274.3 273.6
Total assets 2,687.6 2,732.0
Current liabilities:    
Accounts payable 67.9 89.8
Royalty overrides 317.4 343.3
Current portion of long-term debt 293.7 29.5
Other current liabilities 548.2 514.0
Total current liabilities 1,227.2 976.6
Long-term debt, net of current portion 2,335.4 2,662.5
Non-current operating lease liabilities 186.5 192.4
Other non-current liabilities 161.3 166.4
Total liabilities 3,910.4 3,997.9
Commitments and contingencies
Shareholders' deficit:    
Common shares, $0.0005 par value; 2.0 billion shares authorized; 98.7 million (2023) and 97.9 million (2022) shares outstanding 0.1 0.1
Paid-in capital in excess of par value 191.3 188.7
Accumulated other comprehensive loss (239.0) (250.2)
Accumulated deficit (1,175.2) (1,204.5)
Total shareholders' deficit (1,222.8) (1,265.9)
Total liabilities and shareholders' deficit $ 2,687.6 $ 2,732.0