Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

v3.4.0.3
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2016
Dec. 31, 2015
CURRENT ASSETS:    
Cash and cash equivalents $ 774.2 $ 889.8
Receivables, net of allowance for doubtful accounts 89.9 69.9
Inventories 336.5 332.0
Prepaid expenses and other current assets 157.8 161.1
Deferred income tax assets 115.7 113.5
Total current assets 1,474.1 1,566.3
Property, at cost, net of accumulated depreciation and amortization 338.6 339.2
Deferred compensation plan assets 29.3 29.3
Other assets 140.2 141.1
Marketing related intangibles and other intangible assets, net 310.1 310.2
Goodwill 94.0 91.8
Total assets 2,386.3 2,477.9
CURRENT LIABILITIES:    
Accounts payable 72.3 71.1
Royalty overrides 242.1 249.9
Accrued compensation 98.9 128.8
Accrued expenses 237.6 228.7
Current portion of long-term debt 410.0 229.5
Advance sales deposits 88.7 63.8
Income taxes payable 58.3 52.6
Total current liabilities 1,207.9 1,024.4
NON-CURRENT LIABILITIES:    
Long-term debt, net of current portion 992.8 1,392.5
Deferred compensation plan liability 46.2 43.6
Deferred income tax liabilities 0.4 0.4
Other non-current liabilities 74.1 70.5
Total liabilities $ 2,321.4 $ 2,531.4
CONTINGENCIES
SHAREHOLDERS’ EQUITY (DEFICIT):    
Common shares, $0.001 par value; 1.0 billion shares authorized; 92.8 million (2016) and 92.7 million (2015) shares outstanding $ 0.1 $ 0.1
Paid-in capital in excess of par value 446.5 438.2
Accumulated other comprehensive loss (151.2) (165.5)
Accumulated deficit (230.5) (326.3)
Total shareholders’ equity (deficit) 64.9 (53.5)
Total liabilities and shareholders’ equity (deficit) $ 2,386.3 $ 2,477.9