Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

v3.3.1.900
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 889.8 $ 645.4
Receivables, net of allowance for doubtful accounts 69.9 83.6
Inventories 332.0 377.7
Prepaid expenses and other current assets 161.1 186.1
Deferred income tax assets 113.5 100.6
Total current assets 1,566.3 1,393.4
Property, plant and equipment, at cost, net of accumulated depreciation and amortization 339.2 366.7
Deferred compensation plan assets 29.3 27.4
Other assets 141.1 154.9
Marketing related intangibles and other intangible assets, net 310.2 310.4
Goodwill 91.8 102.2
Total assets 2,477.9 2,355.0
CURRENT LIABILITIES:    
Accounts payable 71.1 72.4
Royalty overrides 249.9 251.0
Accrued compensation 128.8 69.6
Accrued expenses 228.7 252.1
Current portion of long-term debt 229.5 100.0
Advance sales deposits 63.8 70.0
Income taxes payable 52.6 59.7
Total current liabilities 1,024.4 874.8
NON-CURRENT LIABILITIES:    
Long-term debt, net of current portion 1,392.5 1,691.8
Deferred compensation plan liability 43.6 42.9
Deferred income tax liabilities 0.4 15.3
Other non-current liabilities 70.5 64.6
Total liabilities $ 2,531.4 $ 2,689.4
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ DEFICIT:    
Common shares, $0.001 par value, 1.0 billion shares authorized, 92.7 million (2015) and 92.2 million (2014) shares outstanding $ 0.1 $ 0.1
Paid-in capital in excess of par value 438.2 409.1
Accumulated other comprehensive loss (165.5) (78.2)
Accumulated deficit (326.3) (665.4)
Total shareholders’ deficit (53.5) (334.4)
Total liabilities and shareholders’ deficit $ 2,477.9 $ 2,355.0