Nu Skin 2010 Annual Report - Direct Selling News
Nu Skin 2010 Annual Report - Direct Selling News
Nu Skin 2010 Annual Report - Direct Selling News
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NU SKIN ENTERPRISES, INC.<br />
Consolidated Balance Sheets<br />
(U.S. dollars in thousands)<br />
December 31,<br />
2009 <strong>2010</strong><br />
ASSETS<br />
Current assets<br />
Cash and cash equivalents $ 158,045 $ 230,337<br />
Accounts receivable 22,513 25,701<br />
Inventories, net 105,661 114,475<br />
Prepaid expenses and other 51,724 52,013<br />
337,943 422,526<br />
Property and equipment, net 79,356 133,722<br />
Goodwill 112,446 112,446<br />
Other intangible assets, net 81,968 78,270<br />
Other assets 136,736 145,260<br />
Total assets $ 748,449 $ 892,224<br />
LIABILITIES AND STOCKHOLDERS’ EQUITY<br />
Current liabilities<br />
Accounts payable $ 25,292 $ 25,480<br />
Accrued expenses 124,520 146,108<br />
Current portion of long-term debt 35,400 27,865<br />
Related party payable — 16,995<br />
185,212 216,448<br />
Long-term debt 121,119 133,013<br />
Other liabilities 66,431 71,514<br />
Total liabilities 372,762 420,975<br />
Commitments and contingencies (Notes 9, 13 and 19)<br />
Stockholders’ equity<br />
Class A common stock—500 million shares authorized,<br />
$.001 par value, 90.6 million shares issued 91 91<br />
Additional paid-in capital 232,219 256,505<br />
Treasury stock, at cost—27.8 and 28.5 million shares (433,567) (476,748)<br />
Accumulated other comprehensive loss (68,134) (58,539)<br />
Retained earnings 645,078 749,940<br />
375,687 471,249<br />
Total liabilities and stockholders’ equity $ 748,449 $ 892,224<br />
The accompanying notes are an integral part of these consolidated financial statements.<br />
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