At December 31 (In thousands, except share data) | 2013 | 2012 |
---|---|---|
Assets |
||
Current assets | ||
Cash and cash equivalents | $175,294 | $112,023 |
Receivables, net | 603,592 | 578,313 |
Inventories, net | 452,087 | 397,471 |
Deferred tax assets, net | 47,650 | 50,760 |
Other current assets | 58,660 | 37,194 |
Total current assets | $1,337,283 | $1,175,761 |
Property, plant, and equipment, net | $515,718 | $489,593 |
Goodwill | 1,110,429 | 1,013,300 |
Other intangible assets, net | 471,379 | 419,021 |
Other assets | 23,465 | 16,913 |
Total assets | $3,458,274 | $3,114,588 |
Liabilities |
||
Current liabilities | ||
Current portion of long-term and short-term debt | $1,334 | $128,225 |
Accounts payable | 186,941 | 157,825 |
Accrued expenses | 142,935 | 131,067 |
Income taxes payable | 789 | 7,793 |
Deferred revenue | 164,343 | 171,624 |
Other current liabilities | 38,251 | 43,214 |
Total current liabilities | $534,593 | $639,748 |
Long-term debt | $958,604 | $751,990 |
Deferred tax liabilities, net | 123,644 | 50,450 |
Accrued pension and other post-retirement benefit costs | 138,904 | 264,047 |
Long-term portion of environmental reserves | 15,498 | 14,905 |
Other liabilities | 134,326 | 80,856 |
Total liabilities | $1,905,569 | $1,801,996 |
Contingencies and Commitments |
||
Stockholders’ equity | ||
Common stock, $1 par value, 100,000,000 shares authorized at December 31, 2013 and 2012; 49,189,702 shares issued at December 31, 2013 and 2012; outstanding shares were 47,638,835 at December 31,2013 and 46,449,934 at December 31, 2012. |
$49,190 | $49,190 |
Additional paid in capital | 150,618 | 151,883 |
Retained earnings | 1,380,981 | 1,261,377 |
Accumulated other comprehensive income (loss) | 25,259 | (55,508) |
Less: Common treasury stock, at cost (1,550,867 shares at December 31, 2013 and 2,739,768 shares at December 31, 2012) |
(53,343) | (94,350) |
Total stockholders’ equity | $1,552,705 | $1,312,592 |
Total liabilities and stockholders’ equity | $3,458,274 | $3,114,588 |