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The following is an excerpt from a 10-K SEC Filing, filed by SIRVA INC on 11/22/2005.
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SIRVA INC - 10-K - 20051122 - BALANCE_SHEET

SIRVA, INC.
Consolidated Balance Sheets
At December 31, 2004 and 2003
(Dollars in thousands except share and per share data)

 

 

 

 

Restated

 

 

 

2004

 

2003

 

Assets

 

 

 

 

 

Current assets:

 

 

 

 

 

Cash and cash equivalents

 

$

72,101

 

$

60,154

 

Short-term investments

 

161,415

 

92,494

 

Accounts and notes receivable, net of allowance for doubtful accounts of $24,842 and $21,786, respectively

 

382,218

 

374,569

 

Relocation properties related receivables

 

79,993

 

62,224

 

Mortgages held for resale

 

79,050

 

58,063

 

Relocation properties held for resale

 

90,443

 

48,604

 

Deferred income taxes

 

35,474

 

35,736

 

Assets held for sale

 

13,117

 

 

Other current assets

 

42,345

 

34,727

 

Total current assets

 

956,156

 

766,571

 

Investments

 

5,117

 

5,726

 

Property and equipment, net

 

162,154

 

180,979

 

Goodwill, net

 

365,796

 

362,002

 

Intangible assets, net

 

254,105

 

228,359

 

Assets held for sale

 

16,633

 

 

Other long-term assets

 

33,136

 

39,296

 

Total long-term assets

 

836,941

 

816,362

 

Total assets

 

$

1,793,097

 

$

1,582,933

 

Liabilities and Stockholders’ Equity

 

 

 

 

 

Current liabilities:

 

 

 

 

 

Current portion of long-term debt

 

$

413

 

$

560

 

Current portion of capital lease obligations

 

4,635

 

4,551

 

Short-term debt

 

124,431

 

95,076

 

Accounts payable

 

98,590

 

78,236

 

Relocation properties related payables

 

104,981

 

91,255

 

Accrued purchased transportation expense

 

74,895

 

71,762

 

Insurance loss and cargo claims reserves

 

83,172

 

66,246

 

Unearned premiums and other deferred credits

 

89,787

 

67,288

 

Accrued income taxes

 

38,522

 

35,707

 

Liabilities associated with assets held for sale

 

11,345

 

 

Other current liabilities

 

112,893

 

116,404

 

Total current liabilities

 

743,664

 

627,085

 

Long-term debt

 

533,092

 

427,463

 

Capital lease obligations

 

17,631

 

18,072

 

Insurance loss and cargo claims reserves

 

44,063

 

29,316

 

Deferred income taxes

 

4,237

 

26,702

 

Liabilities associated with assets held for sale

 

5,205

 

 

Other long-term liabilities

 

78,955

 

62,885

 

Total long-term liabilities

 

683,183

 

564,438

 

Total liabilities

 

1,426,847

 

1,191,523

 

Commitments and contingencies (Note 23)

 

 

 

 

 

Stockholders’ equity:

 

 

 

 

 

Common stock, $0.01 par value, 500,000,000 shares authorized with 76,264,696 issued and 73,670,717 outstanding at December 31, 2004 and 73,029,346 issued and 70,435,367 outstanding at December 31, 2003, respectively

 

763

 

730

 

Additional paid-in-capital

 

486,448

 

446,522

 

Common stock purchase warrant

 

 

655

 

Unearned compensation

 

(1,312

)

(3,229

)

Accumulated other comprehensive loss

 

(20,837

)

(22,609

)

Accumulated deficit

 

(88,694

)

(20,541

)

Total paid-in-capital and accumulated deficit

 

376,368

 

401,528

 

Less cost of treasury stock, 2,593,979 shares at December 31, 2004 and 2003

 

(10,118

)

(10,118

)

Total stockholders’ equity

 

366,250

 

391,410

 

Total liabilities and stockholders’ equity

 

$

1,793,097

 

$

1,582,933

 

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