Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.3.0.814
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2015
Dec. 31, 2014
CURRENT ASSETS:    
Cash and cash equivalents $ 813.2 $ 645.4
Receivables, net of allowance for doubtful accounts of $1.2 (2015) and $1.9 (2014) 89.9 83.6
Inventories 315.6 377.7
Prepaid expenses and other current assets 180.0 186.1
Deferred income tax assets 93.4 100.6
Total current assets 1,492.1 1,393.4
Property, at cost, net of accumulated depreciation and amortization of $434.3 (2015) and $393.2 (2014) 335.8 366.7
Deferred compensation plan assets 27.3 27.4
Other assets 142.6 152.8
Deferred financing costs, net 21.5 22.0
Marketing related intangibles and other intangible assets, net 310.2 310.4
Goodwill 92.0 102.2
Total assets 2,421.5 2,374.9
CURRENT LIABILITIES:    
Accounts payable 81.4 72.4
Royalty overrides 237.5 251.0
Accrued compensation 113.6 69.6
Accrued expenses 229.1 252.1
Current portion of long-term debt 254.7 100.0
Advance sales deposits 86.2 70.0
Income taxes payable 28.0 59.7
Total current liabilities 1,030.5 874.8
NON-CURRENT LIABILITIES:    
Long-term debt, net of current portion 1,398.7 1,711.7
Deferred compensation plan liability 42.5 42.9
Deferred income tax liabilities 7.4 15.3
Other non-current liabilities 73.1 64.6
Total liabilities $ 2,552.2 $ 2,709.3
CONTINGENCIES
SHAREHOLDERS’ DEFICIT:    
Common shares, $0.001 par value; 1.0 billion shares authorized; 92.6 million (2015) and 92.2 million (2014) shares outstanding $ 0.1 $ 0.1
Paid-in-capital in excess of par value 436.3 409.1
Accumulated other comprehensive loss (156.3) (78.2)
Accumulated deficit (410.8) (665.4)
Total shareholders’ deficit (130.7) (334.4)
Total liabilities and shareholders’ deficit $ 2,421.5 $ 2,374.9