CONSOLIDATED BALANCE SHEETS Sample Clauses

CONSOLIDATED BALANCE SHEETS. Copies of audited consolidated financial statements as of December 31, 1997 for each of the Company and its Subsidiaries together with the most recent financial Projections, which financial statements and Projections shall not differ in any material adverse respect from those delivered to the Agent and each of the Banks pursuant to the Confidential Information Memorandum dated April 1998.
CONSOLIDATED BALANCE SHEETS. ======= (in thousands, except par value) ASSETS December 31, 1996 1995 -------- -------- Current assets: Cash and cash equivalents $ 24,660 $ 28,874 Short-term investments 28,326 - Accounts receivable less allowance for doubtful accounts of $1,827 in 1996 and $1,565 in 1995 19,170 27,572 Inventories, at lower of average cost or market: Finished goods 2,395 3,466 Work in process 6,012 7,759 Material and parts 7,175 10,019 -------- -------- 15,582 21,244 Deferred income taxes 9,681 9,413 Prepaid expenses 1,166 973 -------- -------- Total current assets 98,585 88,076 Property, plant and equipment, at cost: Land and land improvements 2,114 1,150 Buildings and building improvements 11,932 10,355 Machinery and equipment 14,069 11,697 -------- -------- 28,115 23,202 Less accumulated depreciation and amortization 11,304 10,031 -------- -------- Net property, plant and equipment 16,811 13,171 Goodwill, net of accumulated amortization of $658 in 1996 and $501 in 1995 2,469 2,626 Other assets 61 61 -------- -------- $117,926 $103,934 ======== ======== LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 4,464 $ 7,453 Commissions payable 1,565 1,735 Income taxes payable 1,552 7,062 Accrued compensation and benefits 6,291 7,881 Accrued warranty 2,726 2,567 Other accrued liabilities 3,984 4,150 -------- -------- Total current liabilities 20,582 30,848 Accrued retiree medical benefits 916 859 Deferred income taxes 156 198 Commitments Stockholders' equity: Preferred stock, $1 par value; 1,000 shares authorized, none issued - - Common stock, $1 par value; 25,000 shares authorized, 9,341 shares issued and outstanding in 1996 and 9,092 shares in 1995 9,341 9,092 Paid in excess of par 5,863 4,252 Retained earnings 81,068 58,685 -------- -------- Total stockholders' equity 96,272 72,029 -------- -------- $117,926 $103,934 ======== ======== See accompanying notes.
CONSOLIDATED BALANCE SHEETS. 15 Consolidated Statements of Income and Comprehensive Income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 Consolidated Statements of StockholdersEquity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 Consolidated Statements of Cash Flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 Notes to Consolidated Financial Statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 Independent AuditorsReport . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31
CONSOLIDATED BALANCE SHEETS. (Dollars in Thousands, except per share amounts) ------------------------------------------------------------------------------------------------------------------- October 27, October 28, 1995 1994 ------------------------------------------------------------------------------------------------------------------- ASSETS CURRENT ASSETS Cash and cash equivalents $ 4,875 $ 2,580 ------------------------------------------------------------------------------------------------------------------- Accounts and notes receivable, less allowances for doubtful accounts (1995 - $911; 1994 - $890) 129,954 112,892 ------------------------------------------------------------------------------------------------------------------- Inventories 76,893 84,076 ------------------------------------------------------------------------------------------------------------------- Prepaid expenses and other accounts 25,186 24,603 ------------------------------------------------------------------------------------------------------------------- Total Current Assets 236,908 224,151 OTHER ASSETS 30,887 35,501 ------------------------------------------------------------------------------------------------------------------- PROPERTY, PLANT AND EQUIPMENT Land 8,607 8,560 ------------------------------------------------------------------------------------------------------------------- Buildings 76,047 64,025 ------------------------------------------------------------------------------------------------------------------- Machinery and equipment 162,886 137,372 ------------------------------------------------------------------------------------------------------------------- 247,540 209,957 ------------------------------------------------------------------------------------------------------------------- Less accumulated depreciation 117,136 102,001 ------------------------------------------------------------------------------------------------------------------- Net Property, Plant and Equipment 130,404 107,956 ------------------------------------------------------------------------------------------------------------------- $398,199 $367,608 ------------------------------------------------------------------------------------------------------------------- LIABILITIES AND STOCKHOLDERS' EQUITY CURRENT LIABILITIES Notes payable to banks $ 5,288 15,000 ------------------------------------------------------------------------------------------------------------------- Trade accounts payable 68...
CONSOLIDATED BALANCE SHEETS. ================================================================================ HELMERICH & PAYNE, INC. ASSETS -------------------------------------------------------------------------------------------------------- September 30, 1998 1997 -------------------------------------------------------------------------------------------------------- (in thousands) CURRENT ASSETS: Cash and cash equivalents ........................................ $ 24,476 $ 27,963 Short-term investments ........................................... 262 1,318 Accounts receivable, less reserve of $1,908 and $1,308 ........... 119,395 98,697 Inventories ...................................................... 25,401 19,639 Prepaid expenses and other ....................................... 14,811 10,387 ------------ ------------ Total current assets ......................................... 184,345 158,004 ------------ ------------ INVESTMENTS .......................................................... 200,400 323,510 ------------ ------------ PROPERTY, PLANT AND EQUIPMENT, at cost:
CONSOLIDATED BALANCE SHEETS. (Thousands of dollars, except per share data) January 29, 2000 January 30, 1999 --------------------------------------------- ---------------- ---------------- Assets Current assets: Cash and cash equivalents $ 24,247 31,081 Receivables, net 58,240 57,523 Merchandise inventories 1,102,453 945,073 Prepaid expenses and other current assets 56,579 54,634 ---------- --------- Total current assets 1,241,519 1,088,311 ---------- --------- Property and equipment: Land and land improvements 3,247 3,197 Buildings and leasehold improvements 417,535 383,292 Fixtures and equipment 565,345 440,488 ---------- --------- 986,127 826,977 Less accumulated depreciation and amortization 418,078 316,631 ---------- --------- Net property and equipment 568,049 510,346 ---------- --------- Intangible assets, net 298,011 86,980 Investment in Barnes & Noble.com 240,531 82,307 Other noncurrent assets 65,681 39,653 ---------- --------- Total assets $2,413,791 1,807,597 ========== ========= Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 599,376 498,237 Accrued liabilities 323,475 274,085 ---------- --------- Total current liabilities 922,851 772,322 ---------- --------- Long-term debt 431,600 249,100 Deferred income taxes 125,006 32,449 Other long-term liabilities 87,974 74,937 Shareholders' equity: Common stock; $.001 par value; 300,000,000 shares authorized; 69,553,839 and 68,759,111 shares issued, respectively 70 69 Additional paid-in capital 654,584 523,517 Accumulated other comprehensive loss (1,198) -- Retained earnings 279,701 155,203 Treasury stock, at cost, 4,025,900 shares at January 29, 2000 (86,797) -- ---------- --------- Total shareholders' equity 846,360 678,789 ---------- --------- Commitments and contingencies -- -- ---------- --------- Total liabilities and shareholders' equity $2,413,791 1,807,597 ========== ========= See accompanying notes to consolidated financial statements. CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY Accumulated Additional Other Treasury Common Paid-in Comprehensive Retained Stock at (Thousands of dollars) Stock Capital Loss Earnings Cost Total ---------------------- ------ ---------- --------------- --------- -------- ----- Balance at February 1, 1997 $ 66 446,265 -- 9,658 -- 455,989 Comprehensive earnings: Net earnings -- -- -- 53,169 -- Total comprehensive earnings 53,169 Exercise of 1,545,580 common stock options, including tax benefits of $8,253 2 22,595 -- -- -- 22,597 --------- --------- ------...
CONSOLIDATED BALANCE SHEETS. (in thousands) ------------------------------------------------------------------------------ November 30, 2000 1999 ------------------------------------------------------------------------------ Assets Current: Cash $ 4,817 $ 8,632 Accounts receivable, less allowance for doubtful accounts of $1,151 and $1,382 26,527 26,799 Inventories, net 24,208 29,317 Prepaid expenses and miscellaneous 3,904 4,142 ------------------------------------------------------------------------------ Total current assets 59,456 68,890 ------------------------------------------------------------------------------ Property and equipment: Land 7,278 7,301 Building and improvements 32,946 32,085 Tools and dies 9,946 9,051 Machinery and equipment 6,989 7,609 Computer equipment 7,390 8,243 Office furniture and equipment 2,909 2,873 ------------------------------------------------------------------------------ 67,458 67,162 Less accumulated depreciation (22,091) (19,360) ------------------------------------------------------------------------------ Net property and equipment 45,367 47,802 ------------------------------------------------------------------------------ Other assets: Goodwill and other intangibles, net of accumulated amortization of $1,782 and $1,629 3,970 4,123 Deferred financing costs, net of accumulated amortization of $1,822 and $514 8,521 9,676 Miscellaneous 120 143 ------------------------------------------------------------------------------ Total other assets 12,611 13,942 ------------------------------------------------------------------------------ Total assets $117,434 $130,634 ==============================================================================
CONSOLIDATED BALANCE SHEETS. (in thousands) ------------------------------------------------------------------------------ November 30, 2000 1999 ------------------------------------------------------------------------------ Liabilities Current: Accounts payable $ 9,215 $ 6,566 Accrued liabilities 16,255 16,272 Current maturities of long-term debt 3,892 3,330 ------------------------------------------------------------------------------ Total current liabilities 29,362 26,168 ------------------------------------------------------------------------------ Long-term debt, less current maturities 182,665 206,793 ------------------------------------------------------------------------------ Deferred income taxes payable 2,175 1,830 ------------------------------------------------------------------------------ Commitments and Contingencies Stockholders' Deficit Preferred stock, Series A and B convertible $.001 par value, $100 stated value, 5,000,000 shares authorized and 1,063,500 shares issued. 119,730 110,282 Common stock, $.001 par value; Shares authorized 45,000,000; Issued 2,443,248 and 2,412,126 2 2 Paid-in capital 319 421 Accumulated other comprehensive loss (762) (530) Accumulated deficit (216,057) (214,332) ------------------------------------------------------------------------------ Total stockholders' deficit (96,768) (104,157) ------------------------------------------------------------------------------ Total liabilities and stockholders' equity $117,434 $130,634 ============================================================================== See notes to consolidated financial statements.
CONSOLIDATED BALANCE SHEETS. (a) Unaudited consolidated balance sheets of the Company and the Subsidiaries as at December 31, 1998 and June 30, 1999, prepared in all material respects in accordance with generally accepted accounting principles ("GAAP"), consistently applied in accordance with the past practices of such entities (except for the absence of notes thereto), present fairly the consolidated financial condition, assets and liabilities of the Company and the Subsidiaries as at the respective dates indicated, and have been delivered or made available to Buyer. June 30, 1999 is referred to herein as the "Balance Sheet Date" and the unaudited consolidated GAAP balance sheet of the Company as at June 30, 1999 and the SAP balance sheets of the Subsidiaries as at June 30, 1999 are referred to herein, collectively, as the "Most Recent Balance Sheet."
CONSOLIDATED BALANCE SHEETS. THE GENLYTE GROUP INCORPORATED & SUBSIDIARIES (Amounts in thousands except per share data) As of December 31, 1996 1995 ---- ---- ASSETS CURRENT ASSETS: Cash and cash equivalents $ 2,895 $ 263 Accounts receivable (less allowances for doubtful accounts of $8,222 and $5,302 in 1996 and 1995, respectively) ........ 65,036 62,024 Inventories: Raw materials and supplies .................................. 31,798 25,891 Work in progress ............................................ 6,429 9,288 Finished goods .............................................. 42,772 41,042 ------- ------- 80,999 76,221 Other current assets .................................................. 14,909 12,550 ------- ------- Total current assets ........................................ 163,839 151,058 Plant and Equipment: Land ........................................................ 4,969 5,831 Buildings and leasehold interests and improvements .......... 54,205 59,248 Machinery and equipment ..................................... 152,175 164,337 ------- ------- 211,349 229,416 Less: Accumulated depreciation and amortization ....................... 150,969 165,267 ------- ------- 60,380 64,149 Cost in Excess of Net Assets of Purchased Businesses .................. 11,755 12,026 Other Assets .......................................................... 2,141 3,801 -------- -------- Total Assets ................................................ $238,115 $231,034 -------- -------- Liabilities and Stockholders' Investment Current Liabilities: Short-term borrowings ................................................. $ -- $ 1,236 Current maturities of long-term debt .................................. 51 50 Accounts payable-trade ................................................ 44,440 38,795 Accrued expenses Salaries and wages .......................................... 8,863 7,994 Income taxes payable ........................................ 6,963 6,254 Other accrued expenses ...................................... 32,156 20,960 -------- -------- 47,982 35,208 -------- -------- Total current liabilities ................................... 92,473 75,289 Long-term Debt ........................................................ 41,847 65,896 Deferred Income Taxes ................................................. 3,368 4,662 Other Liabilities ..................................................... 16,644 15,287 Stockholders' Investment Common stock ($.01 par value, 30,000,000 shares authorized, 13,092,900 and 12,8...