Attached files
| file | filename |
|---|---|
| EX-99.1 - STONERIDGE INC | v238376_ex99-1.htm |
| 8-K - STONERIDGE INC | v238376_8k.htm |
Exhibit 99.2
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
|
September 30,
|
December 31,
|
|||||||
|
(in thousands)
|
2011
|
2010
|
||||||
|
As adjusted
|
||||||||
|
ASSETS
|
||||||||
|
Current assets:
|
||||||||
|
Cash and cash equivalents
|
$ | 43,235 | $ | 71,974 | ||||
|
Accounts receivable, less reserves of $1,612 and $2,013, respectively
|
129,972 | 102,600 | ||||||
|
Inventories, net
|
72,229 | 54,959 | ||||||
|
Prepaid expenses and other current assets
|
22,724 | 20,443 | ||||||
|
Total current assets
|
268,160 | 249,976 | ||||||
|
Long-term assets:
|
||||||||
|
Property, plant and equipment, net
|
81,902 | 76,576 | ||||||
|
Investments and other long-term assets, net
|
63,300 | 60,184 | ||||||
|
Total long-term assets
|
145,202 | 136,760 | ||||||
|
Total assets
|
$ | 413,362 | $ | 386,736 | ||||
|
LIABILITIES AND SHAREHOLDERS’ EQUITY
|
||||||||
|
Current liabilities:
|
||||||||
|
Current portion of long-term debt
|
$ | 12,884 | $ | 1,689 | ||||
|
Accounts payable
|
77,157 | 68,341 | ||||||
|
Accrued expenses and other current liabilities
|
52,567 | 42,753 | ||||||
|
Total current liabilities
|
142,608 | 112,783 | ||||||
|
Long-term liabilities:
|
||||||||
|
Long-term debt
|
170,081 | 167,903 | ||||||
|
Other long-term liabilities
|
12,583 | 14,831 | ||||||
|
Total long-term liabilities
|
182,664 | 182,734 | ||||||
|
Shareholders' equity:
|
||||||||
|
Preferred Shares, without par value, authorized 5,000 shares, none issued
|
- | - | ||||||
|
Common Shares, without par value, authorized 60,000 shares, issued 26,451 and 25,994
|
||||||||
|
shares and outstanding 25,576 and 25,393 shares, respectively, with no stated value
|
- | - | ||||||
|
Additional paid-in capital
|
165,205 | 161,587 | ||||||
|
Common Shares held in treasury, 875 and 601 shares, respectively, at cost
|
(1,869 | ) | (1,118 | ) | ||||
|
Accumulated deficit
|
(66,838 | ) | (77,620 | ) | ||||
|
Accumulated other comprehensive (loss) income
|
(12,501 | ) | 4,062 | |||||
|
Total Stoneridge Inc. and subsidiaries shareholders’ equity
|
83,997 | 86,911 | ||||||
|
Noncontrolling interest
|
4,093 | 4,308 | ||||||
|
Total shareholders' equity
|
88,090 | 91,219 | ||||||
|
Total liabilities and shareholders' equity
|
$ | 413,362 | $ | 386,736 | ||||
-1-