Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Mar. 31, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 1,782.9 $ 844.0
Receivables, net of allowance for doubtful accounts 100.2 70.3
Inventories 375.0 371.3
Prepaid expenses and other current assets 151.4 176.9
Total current assets 2,409.5 1,462.5
Property, at cost, net of accumulated depreciation and amortization 373.3 378.0
Marketing related intangibles and other intangible assets, net 310.1 310.1
Goodwill 93.5 89.9
Other assets 373.9 324.9
Total assets 3,560.3 2,565.4
CURRENT LIABILITIES:    
Accounts payable 80.7 66.0
Royalty overrides 249.1 261.2
Current portion of long-term debt 103.6 9.5
Other current liabilities 507.2 454.8
Total current liabilities 940.6 791.5
NON-CURRENT LIABILITIES:    
Long-term debt, net of current portion 2,199.2 1,438.4
Other non-current liabilities 153.1 139.2
Total liabilities 3,292.9 2,369.1
CONTINGENCIES
SHAREHOLDERS’ EQUITY:    
Common shares, $0.001 par value; 1.0 billion shares authorized; 92.2 million (2017) and 93.1 million (2016) shares outstanding 0.1 0.1
Paid-in capital in excess of par value 469.2 467.6
Accumulated other comprehensive loss (189.6) (205.1)
Retained earnings (accumulated deficit) 48.4 (66.3)
Treasury stock, at cost, 1.1 million shares (2017) (60.7)  
Total shareholders’ equity 267.4 196.3
Total liabilities and shareholders’ equity $ 3,560.3 $ 2,565.4