Bausch & Lomb 1999 Annual Report

Balance Sheets
December 25, 1999 and December 26, 1998
Dollar Amounts In Millions – Except Share and Per Share Data
PERCEIVE
20
Bausch & Lomb
1999 1998
Assets
Cash and cash equivalents $ 827.1 $ 129.2
Other investments, short-term 125.0 300.0
Trade receivables, less allowances of $19.6 and $26.8, respectively 438.0 526.3
Inventories, net 239.6 440.7
Deferred taxes, net .– 68.4
Other current assets 156.0 122.2
Net assets held for disposal, short-term 24.6 .–
Total Current Assets 1,810.3 1,586.8
Property, Plant And Equipment, net 524.8 725.0
Goodwill And Other Intangibles, less accumulated amortization
of $129.3 and $137.3, respectively 606.8 758.9
Other Investments, long-term 173.8 249.2
Other Assets 153.1 171.8
Net Assets Held For Disposal, long-term 4.7 .–
Total Assets $3,273.5 $3,491.7
Liabilities And Shareholders’ Equity
Notes payable $ 45.9 $ 160.4
Current portion of long-term debt 1.0 31.1
Accounts payable 94.8 92.6
Accrued compensation 74.6 110.3
Accrued liabilities 356.0 366.2
Federal, state and foreign income taxes payable 47.3 51.8
Total Current Liabilities 619.6 812.4
Long-Term Debt, less current portion 977.0 1,281.3
Deferred Income Taxes 117.7 .–
Other Long-Term Liabilities 99.6 106.6
Minority Interest 225.6 446.4
Total Liabilities 2,039.5 2,646.7
Common Stock, par value $0.40 per share, 200 million shares authorized,
60,198,322 shares issued in both 1999 and 1998
Class B Stock, par value $0.08 per share, 15 million shares authorized, 613,324
24.1 24.1
shares issued (955,791 shares in 1998) .– 0.1
Capital In Excess Of Par Value
Common And Class B Stock in Treasury, at cost, 3,435,738 shares
89.6 84.2
(4,625,026 shares in 1998) (150.1) (178.9)
Retained Earnings 1,268.4 883.5
Accumulated Other Comprehensive Income 9.0 41.0
Other Shareholders’ Equity (7.0) (9.0)
Total Shareholders’ Equity 1,234.0 845.0
Total Liabilities And Shareholders’ Equity $3,273.5 $3,491.7
See Notes To Financial Statements
See the future