v3.3.1.900
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Cash and cash equivalents $ 197,469 $ 305,448
Trade receivables, less allowance for doubtful accounts of $39,505 and $27,256 888,166 1,029,150
Inventories, net 420,386 442,732
Other current assets 253,744 296,948
Total current assets 1,759,765 2,074,278
Property, plant and equipment, net [1] 644,536 727,435 [2],[3]
Goodwill 2,817,687 2,873,023
Intangible assets, net 995,712 1,043,583
Other assets 515,219 493,198
Total assets 6,732,919 7,211,517 [4]
LIABILITIES AND EQUITY    
Current portion of long-term debt 5,792 9,855
Accounts payable 718,893 780,287
Accrued liabilities 391,659 489,983 [5]
Total current liabilities 1,116,344 1,280,125
Long-term debt, less current portion 1,411,755 1,526,955
Other liabilities 948,264 1,051,993
Total liabilities 3,476,363 3,859,073
Equity:    
Common stock, $0.001 par value; 400,000,000 shares authorized; 123,486,425 and 123,730,578 issued and outstanding 123 124
Additional paid-in capital 3,199,267 3,200,832
Retained earnings 557,300 389,561
Accumulated other comprehensive loss (686,715) (443,691)
Total Colfax Corporation equity 3,069,975 3,146,826
Noncontrolling interest 186,581 205,618
Total equity 3,256,556 3,352,444
Total liabilities and equity $ 6,732,919 $ 7,211,517
[1] As the Company does not allocate all long-lived assets, specifically intangible assets, to each individual country, evaluation of long-lived assets in total is impracticable.
[2] During the year ended December 31, 2015 the Company retrospectively adjusted provisional amounts with respect to an acquisition completed during the three months ended June 27, 2014 to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date. See Note 4, “Acquisitions” for further discussion regarding these adjustments.
[3] During the year ended December 31, 2015, the Company retrospectively adjusted provisional amounts with respect to an acquisition completed during the three months ended June 27, 2014 to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date. See Note 4, “Acquisitions” for further discussion regarding these adjustments.
[4] During the year ended December 31, 2015 the Company retrospectively adjusted provisional amounts with respect to an acquisition completed during the three months ended June 27, 2014 to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date. See Note 4, “Acquisitions” for further discussion regarding these adjustments. The Company also retrospectively adjusted amounts recorded as of December 31, 2014 for the adoption of ASU 2015-03 and ASU 2015-17. See Note 3, “Recently Issued Accounting Pronouncements” for further discussion.
[5] During the year ended December 31, 2015 the Company retrospectively adjusted provisional amounts with respect to an acquisition completed during the three months ended June 27, 2014 to reflect new information obtained about facts and circumstances that existed as of the acquisition date that, if known, would have affected the measurement of the amounts recognized as of that date. See Note 4, “Acquisitions” for further discussion regarding these adjustments. The Company also retrospectively adjusted amounts recorded as of December 31, 2014 for the adoption of ASU 2015-17. See Note 3, “Recently Issued Accounting Pronouncements” for further discussion.