FORM 10-K - Harman

CONSOLIDATED BALANCE SHEETS
HARMAN INTERNATIONAL INDUSTRIES, INCORPORATED AND SUBSIDIARIES
June 30,
(in thousands)
Assets
Current assets
2009 2008
Cash and cash equivalents .......................................... $ 590,568 $ 223,109
Receivables, net .................................................. 415,837 574,195
Inventories, net ................................................... 333,704 390,638
Other current assets ............................................... 170,422 236,355
Total current assets .................................................... 1,510,531 1,424,297
Property, plant and equipment, net ........................................ 518,596 640,042
Goodwill ............................................................ 81,877 436,447
Deferred tax assets, long-term ........................................... 292,568 208,107
Other assets .......................................................... 88,781 118,032
Total assets .......................................................... $2,492,353 $ 2,826,925
Liabilities and Shareholders’ Equity
Current liabilities
Current portion of long-term debt .................................... $ 605 $ 639
Accounts payable ................................................. 241,420 343,780
Accrued liabilities ................................................. 362,781 413,645
Accrued warranties ................................................ 116,673 126,977
Income taxes payable .............................................. 22,051 21,911
Total current liabilities ................................................. 743,530 906,952
Borrowings under revolving credit facility ................................. 227,319 25,000
Convertible senior notes ................................................ 400,000 400,000
Other senior debt ..................................................... 1,535 2,313
Minority interest ...................................................... 786 34
Other non-current liabilities ............................................. 145,358 152,780
Total liabilities ....................................................... 1,518,528 1,487,079
Shareholders’ equity
Preferred stock ................................................... — —
Common stock ................................................... 949 841
Additional paid-in capital ........................................... 821,286 628,324
Accumulated other comprehensive income ............................. 57,198 191,531
Retained earnings ................................................. 1,141,962 1,566,720
Less: Common stock held in treasury ................................. (1,047,570) (1,047,570)
Total shareholders’ equity .............................................. 973,825 1,339,846
Total liabilities and shareholders’ equity ................................... $2,492,353 $ 2,826,925
See accompanying notes to consolidated financial statements.
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