Herbalife Ltd.
Consolidated Balance Sheets
(In thousands)
December 31, | March 31, | |||||||||||||||
2005 | 2006 | |||||||||||||||
ASSETS | (unaudited) | |||||||||||||||
Current assets: | ||||||||||||||||
Cash & cash equivalents | $ | 88,248 | $ | 109,221 | ||||||||||||
Inventories | 109,785 | 106,042 | ||||||||||||||
Other current assets | 101,518 | 119,343 | ||||||||||||||
Total current assets | 299,551 | 334,606 | ||||||||||||||
Property and equipment, net | 64,946 | 70,853 | ||||||||||||||
Other assets | 24,190 | 29,090 | ||||||||||||||
Goodwill | 134,206 | 129,484 | ||||||||||||||
Intangible assets, net | 314,908 | 314,133 | ||||||||||||||
Total assets | $ | 837,801 | $ | 878,166 | ||||||||||||
LIABILITIES AND SHAREHOLDERS’ EQUITY | ||||||||||||||||
Current liabilities: | ||||||||||||||||
Accounts payable | 39,156 | 32,509 | ||||||||||||||
Royalty overrides | 87,401 | 90,495 | ||||||||||||||
Accrued expenses | 126,167 | 130,831 | ||||||||||||||
Current portion of long term debt | 9,816 | 8,512 | ||||||||||||||
Other current liabilities | 22,917 | 29,093 | ||||||||||||||
Total current liabilities | 285,457 | 291,440 | ||||||||||||||
Long-term debt, net of current portion | 253,276 | 242,531 | ||||||||||||||
Other long-term liabilities | 130,180 | 131,917 | ||||||||||||||
Total liabilities | 668,913 | 665,888 | ||||||||||||||
Shareholders’ equity: | ||||||||||||||||
Common shares | 140 | 140 | ||||||||||||||
Paid-in-capital in excess of par value | 89,524 | 94,255 | ||||||||||||||
Accumulated other comprehensive income | 605 | 569 | ||||||||||||||
Retained earnings | 78,829 | 117,524 | ||||||||||||||
Treasury shares, at cost | (210 | ) | (210 | ) | ||||||||||||
Total shareholders’ equity | 168,888 | 212,278 | ||||||||||||||
Total liabilities and shareholders’ equity | $ | 837,801 | $ | 878,166 | ||||||||||||