ASSETS
|
December 31, 2009
|
|
Cash
|
$20,900,000
|
|
Marketable Securities
|
$117,000,000
|
|
Accounts Receivable
|
$33,000,000
|
|
Less: Allowance for Bad Debts
|
$(880,000)
|
|
Net Accounts Receivable
|
$32,120,000
|
|
|
|
|
Inventory
|
|
|
Raw Materials
|
$2,000,000
|
|
Work-in-process
|
$1,000,000
|
|
Finished Goods
|
$5,000,000
|
|
Inventory Purchased for Resale
|
$24,000,000
|
|
Total Inventory
|
$32,000,000
|
|
|
|
|
Plant, Property and Equipment
|
$6,700,000
|
|
Less: Accumulated Depreciation
|
$(320,000)
|
|
Net Plant, Property and Equipment
|
$6,380,000
|
|
|
|
|
Prepaid Expenses
|
$200,000
|
|
|
|
|
Goodwill and Other Purchased Intangibles
|
$28,000,000
|
|
Less: Amortization
|
$(700,000)
|
|
Net Goodwill and Other Purchased Intangibles
|
$27,300,000
|
|
|
|
|
Total Assets
|
$235,900,000
|
|
|
LIABILITIES AND OWNERS' EQUITY
|
Accounts Payable
|
$22,000,000
|
|
Accrued Advertising
|
$11,800,000
|
|
Other Liabilities and Accrued Expense
|
$1,400,000
|
|
Current Portion of Long-Term Debt
|
$2,300,000
|
|
|
|
|
Long Term Debt
|
$57,400,000
|
|
|
|
|
Preferred Stock, $100 par value per share,
|
|
|
100,000 authorized, 0 shares issued and outstanding
|
$0
|
|
|
|
|
Common Stock, $1 par value per share,
|
|
|
250,000,000 shares authorized, 13,000,000 shares
|
|
|
issued, 12,900,000 outstanding
|
$13,000,000
|
|
|
|
|
Additional Paid-in-Capital in excess of par value, Common Stock
|
$117,000,000
|
|
|
|
|
Treasury Stock
|
$(1,000,000)
|
|
|
|
|
Retained Earnings (less Cash Dividends Paid)
|
$12,000,000
|
$11,000,000
|
|
|
|
Total Liabilities and Owner's Equity
|
$235,900,000
|
|