Puma (Millions) Balance Sheet 2015 2014 2015 2014 Assets Liabilities and Owners Equity Current assets Current liabilities Cash & Cash Equivalents 430 465 Short-term Borrowings 14 20 Accounts Receivable 483 449 Accounts payable 520 515 Inventories 657 572 Notes Payable 116 51 Income Tax Receivables 51 75 Other Current Liabilities 125 108 Other Current Assets 155 135 Total Current Liabilities 775 694 Total Current Assets 1,776 1,696 Non-Current Liabilities Non-Current Assets Long-term borrowings 7 0 Property, Plant, Equipment 389 354 Pensions and Similar Obligations 24 26 Accumulated Depreciation 156 130 Other Non-Current Liabilities 2 3 Property, plant and equipment -net 233 224 Total Non-Current Liabilities 33 29 Other Intangible assets - net 403 391 Total Liabilities 808 723 Total Non-Current Assets 636 615 Total Assets 2,412 2,311 Stockholders' equity Common Stock 162 176 Retained Earnings 1,442 1,412 Total Liabilities and Equity 2,412 2,311 Puma (Millions) Income Statement 2015 Net sales Cost of Sales 3,387 1,847 Gross Profit 1,540 Royalty Expense 7 Other Operating Expenses 1,461 Operating Profit 73 Depreciation EBIT 26 47 Interest Expense Income Before Taxes Income Taxes 11 36 12 Net Income 24