Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2020
Dec. 31, 2019
Current assets:    
Cash and cash equivalents $ 1,045.4 $ 839.4
Receivables, net of allowance for doubtful accounts 83.3 79.7
Inventories 501.4 436.2
Prepaid expenses and other current assets 145.7 132.9
Total current assets 1,775.8 1,488.2
Property, plant, and equipment, at cost, net of accumulated depreciation and amortization 390.2 371.5
Operating lease right-of-use assets 222.8 189.5
Marketing-related intangibles and other intangible assets, net 313.3 310.1
Goodwill 100.5 91.5
Other assets 273.5 227.8
Total assets 3,076.1 2,678.6
Current liabilities:    
Accounts payable 88.7 81.6
Royalty overrides 358.2 294.1
Current portion of long-term debt 22.9 24.1
Other current liabilities 657.5 564.6
Total current liabilities 1,127.3 964.4
Long-term debt, net of current portion 2,405.5 1,778.9
Non-current operating lease liabilities 206.7 169.9
Other non-current liabilities 192.7 155.4
Total liabilities 3,932.2 3,068.6
Commitments and contingencies
Shareholders, deficit:    
Common shares, $0.0005 par value; 2.0 billion shares authorized; 120.1 million (2020) and 137.4 million (2019) shares outstanding 0.1 0.1
Paid-in capital in excess of par value 342.3 366.6
Accumulated other comprehensive loss (182.2) (212.5)
Accumulated deficit (687.4) (215.3)
Treasury stock, at cost, 10.0 million (2020) and 10.0 million (2019) shares (328.9) (328.9)
Total shareholders' deficit (856.1) (390.0)
Total liabilities and shareholders' deficit $ 3,076.1 $ 2,678.6