05.2
Consolidated Balance Sheets
| Table 05.2.1 | CONSOLIDATED BALANCE SHEETS |
| $ in thousands, except share data, at December 31 | Note | 2008 | 2007 | |
|---|---|---|---|---|
| Assets | ||||
| Current assets | ||||
| Cash and cash equivalents | 221,584 |
244,690 |
||
| Trade accounts receivable, less allowance for doubtful accounts of $ 262,836 in 2008 and $ 247,800 in 2007 |
2,176,316 |
2,026,865 |
||
| Accounts receivable from related parties | 175,525 |
99,626 |
||
| Inventories | 707,050 |
636,234 |
||
| Prepaid expenses and other current assets | 607,399 |
495,630 |
||
| Deferred taxes | 324,123 |
356,427 |
||
| TOTAL CURRENT ASSETS | 4,211,997 |
3,859,472 | ||
| Property, plant and equipment, net | 2,236,078 |
2,053,793 |
||
| Intangible assets | 846,496 |
689,956 |
||
| Goodwill | 7,309,910 |
7,245,589 |
||
| Deferred taxes | 92,805 |
83,615 |
||
| Other assets | 222,390 |
237,840 |
||
| TOTAL ASSETS | 14,919,676 |
14,170,265 | ||
| See accompanying notes to consolidated financial statements. | ||||
| Table 05.2.2 | CONSOLIDATED BALANCE SHEETS |
| $ in thousands, except share data, at December 31 | Note | 2008 | 2007 |
|---|---|---|---|
| Liabilities and shareholders’ equity | |||
| Current liabilities | |||
| Accounts payable | 366,017 |
329,919 |
|
| Accounts payable to related parties | 239,243 |
201,049 |
|
| Accrued expenses and other current liabilities | 1,288,433 |
1,352,013 |
|
| Short-term borrowings and other financial liabilities | 683,155 |
217,497 |
|
| Short-term borrowings from related parties | 1,330 |
2,287 |
|
| Current portion of long-term debt and capital lease obligations | 455,114 |
84,816 |
|
| Company-obligated mandatorily redeemable preferred securities of subsidiary Fresenius Medical Care Capital Trusts holding solely Company-guaranteed debentures of subsidiaries – current portion |
– |
669,787 |
|
| Income tax payable | 82,468 |
146,536 |
|
| Deferred taxes | 28,652 |
22,589 |
|
| TOTAL CURRENT LIABILITIES | 3,144,412 |
3,026,493 |
|
| Long-term debt and capital lease obligations, less current portion | 3,957,379 |
4,004,013 |
|
| Other liabilities | 319,602 |
193,604 |
|
| Pension liabilities | 136,755 |
111,352 |
|
| Income tax payable | 171,747 |
111,280 |
|
| Deferred taxes | 426,299 |
378,497 |
|
| Company-obligated mandatorily redeemable preferred securities of subsidiary Fresenius Medical Care Capital Trusts holding solely Company-guaranteed debentures of subsidiaries |
640,696 |
663,995 |
|
| Minority interest | 160,504 |
105,814 |
|
| TOTAL LIABILITIES | 8,957,394 |
8,595,048 |
|
| Shareholders’ equity | |||
| Preference shares, no par value, € 1.00 nominal value, 12,356,880 shares authorized, 3,810,540 issued and outstanding |
4,240 |
4,191 |
|
| Ordinary shares, no par value, € 1.00 nominal value 373,436,220 shares authorized, 293,932,036 issued and outstanding |
363,076 |
361,384 |
|
| Additional paid-in capital | 3,293,918 |
3,221,644 |
|
| Retained earnings | 2,452,332 |
1,887,120 |
|
| Accumulated other comprehensive (loss) income | (151,284) |
100,878 |
|
| TOTAL SHAREHOLDERS’ EQUITY | 5,962,282 |
5,575,217 |
|
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | 14,919,676 |
14,170,265 |
|
| See accompanying notes to consolidated financial statements. |
