We use Optical Character Recognition (OCR) during our scanning and processing workflow to make the content of each page searchable. You can view the automatically generated text below as well as copy and paste individual pieces of text to quote in your own work.
Text recognition is never 100% accurate. Many parts of the scanned page may not be reflected in the OCR text output, including: images, page layout, certain fonts or handwriting.
FINANCIAL 617
ALLEN B. DU MONT LABORATORIES, INC.
BALANCE SHEET as of December 31, 1950
ASSETS :
CURRENT ASSETS:
Demand deposits and cash on hand $10,779,086
United States Treasury bill — at cost 996,510
Accounts receivable — trade 5,837,035
Less — Allowance for doubtful accounts 70,000
5,767,035 Inventories — at cost or less, not in excess of market:
Raw materials and supplies 8,397,835
Work in process ..— 2,796,087
Finished stock 2,016,859
13,210,781
Advances to suppliers 1 84,290
Prepaid expenses 150,008
Total current assets 31,087,710
PROPERTY, PLANT AND EQUIPMENT:
Manufacturing facilities — at cost 7,980,054
Less — Accumulated depreciation 1 ,266,01 7
6,714,037
Broadcasting facilities — at cost 2,167,235
Less — ^Accumulated depreciation 1 ,258,760
908,475
7,622,512 OTHER ASSETS:
Patents, patent applications and licenses 318,976
Less — Accumulated amortization 1 03,629
215,347 Security deposits and other assets 106,763
322,110
$39,032,332
LIABILITIES:
CURRENT LIABILITIES:
Accounts payable — trade $ 5,509,866
Accrued liabilities:
Federal taxes on income — estimated... 6,371 ,838
Salaries, wages, and commissions 1,175,587
Other expenses 602,1 7 1
Other current liabilities:
Mortgage installments due within one year 169,500
Sundry accounts payable 305,51 8
Total current liabilities 14,134,480
MORTGAGES PAYABLE (less installments due within one year) 1,714,122
DEFERRED INCOME FROM ROYALTIES 1 14,442
STOCKHOLDERS' EQUITY: CAPITAL STOCK:
5% cumulative convertible preferred stock — par value $20 per share: Authorized — 131,623 shares.
Issued and outstanding — 129,243 shares at Dec. 31, 1950; 143,906 shares at Jan. 1, 1950 2,584,860
Class A common stock — par value 10 cents per share: Authorized — 2,440,000 shares. Issued and outstanding — 1,801,054 shares at Dec. 31, 1950; 1,541,597 shares at Jan. 1,
1950 180, '05
Class B common stock — par value 10 cents per share:
Authorized, issued and outstanding — 560,000 shares 56,000
2,820,965 ADDITIONAL PAID-IN CAPITAL 12,452,256
EARNINGS REINVESTED IN THE BUSINESS:
Appropriated for the retirement of preferred stock 150,000
Unappropriated 7,646,067
Total stockholders' equify 23.069,288
$39,032,332