Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 844.0 $ 889.8
Receivables, net of allowance for doubtful accounts 70.3 69.9
Inventories 371.3 332.0
Prepaid expenses and other current assets 176.9 161.1
Deferred income tax assets   113.5
Total current assets 1,462.5 1,566.3
Property, plant and equipment, at cost, net of accumulated depreciation and amortization 378.0 339.2
Deferred compensation plan assets 30.6 29.3
Other assets 294.3 141.1
Marketing related intangibles and other intangible assets, net 310.1 310.2
Goodwill 89.9 91.8
Total assets 2,565.4 2,477.9
CURRENT LIABILITIES:    
Accounts payable 66.0 71.1
Royalty overrides 261.2 249.9
Accrued compensation 125.8 128.8
Accrued expenses 236.9 228.7
Current portion of long-term debt 9.5 229.5
Advance sales deposits 50.1 63.8
Income taxes payable 42.0 52.6
Total current liabilities 791.5 1,024.4
NON-CURRENT LIABILITIES:    
Long-term debt, net of current portion 1,438.4 1,392.5
Deferred compensation plan liability 50.0 43.6
Deferred income tax liabilities 15.3 0.4
Other non-current liabilities 73.9 70.5
Total liabilities 2,369.1 2,531.4
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY (DEFICIT):    
Common shares, $0.001 par value, 1.0 billion shares authorized, 93.1 million (2016) and 92.7 million (2015) shares outstanding 0.1 0.1
Paid-in capital in excess of par value 467.6 438.2
Accumulated other comprehensive loss (205.1) (165.5)
Accumulated deficit (66.3) (326.3)
Total shareholders’ equity (deficit) 196.3 (53.5)
Total liabilities and shareholders’ equity (deficit) $ 2,565.4 $ 2,477.9