Liabilities and Assets 2006 2005 Stockholders' Equity 2006 2005 Current Assets Current Liabilities Cash 64.3 58.5 Accounts payable 84.2 73.5 Notes payable/ Accounts receivable 54.1 39.6 short-term debt 9.5 9.6 Current maturities of Inventories 44.8 42.9 long-term debt 40.7 36.9 Other current assets 5 3.0 Other current liabilities 6.0 12.0 Total current assets 168.2 144.0 Total current liabilities 140.4 132.0 Long-Term Assets Long-Term Liabilities Land 66 62.1 Long-term debt 236.1 168.9 Buildings 109.9 91.5 Capital lease obligations Equipment depreciation 114.6 99.6 Less accumulated (57.3) (52.5) Deferred taxes 22.8 22.2 Net property, plant, and equipment 233.2 200.7 Other long-term liabilities Goodwill 60.0 -- Total long-term liabilities 258.9 191.1 Other long-term assets 63.0 42.0 Total liabilities 399.3 323.1 Total long-term assets 356.2 242.7 Stockholders' Equity 125.1 63.6 Total liabilities and Total Assets 524.4 386.7 Stockholders' Equity 524.4 386.7 Consolidated Balance Sheet December 31, 2006 and 2005 (in $ millions) Refer to the balance sheet above. When using the book value of equity, the debt-equity ratio for Luther in 2006 is closest to