BTN$8-1.$ Financial Reporting Problem: Columbia Sportswear Company The financial statements for the Columbia Sportswear Company can be found in Appendix A at the end of this book.

Required

Answer the following questions.

a$.$ What was the total cost of Columbia's property, plant and equipment at December $31,2020?$

b$.$ What was the total accumulated depreciation at December $31,2020?$

c$.$ What percentage of the total cost of property, plant and equipment at December $31,2020,$ was from building and improvements?

d$.$ How much depreciation and amortization expense was taken in $2020?$

e$.$ What amount of property, plant and equipment purchases $($capital expenditures$)$ occurred in $2020?$COLUMBIA SPORTSWEAR COMPANY

CONSOLIDATED BALANCE SHEETS

December $31,$

$($in thousands$)$

ASSETS

Current Assets:

Cash and cash equivalents

Short$-$term investments

Accounts receivable, net of allowance of $$21,810$ and $$8,925,$ respectively

Inventories, net

Prepaid expenses and other current assets

Total current assets

Property, plant and equipment, net

Operating lease right$-$of$-$use assets

Intangible assets, net

Goodwill

Deferred income taxes

Other non$-$current assets

Total assets

LIABILITIES AND EQUITY

Current Liabilities:

$\backslash$table$[[$Accounts payable,$$,206,697,$$$,255,372],[$Accrued liabilities,,$257,278,,295,723],[$Operating lease liabilities,,$65,466,,64,019],[$Income taxes payable,,$23,181,,15,801],[$Total current liabilities,,$552,622,,630,915],[$Non$-$current operating lease liabilities,,$353,181,,371,507],[$Income taxes payable,,$49,922,,48,427],[$Deferred income taxes,,$5,205,,6,361],[$Other long$-$term liabilities,,$42,870,,24,934],[$Total liabilities,,$1,003,800,,1,082,144],[$Commitments and contingencies $($Note $12),,,,],[$Shareholders$\text{'}$ Equity.,,,,$],[$Preferred slock; $10,000$ shares authorized; none issued and outstanding,,$-,,-],[$Common stock $($no par value$)$; $250,000$ shares authorized; $66,252$ and $67,561$ issued and outstanding, respectively,,$20,165,,4,937],[$Retained earnings,,$1,811,800,,1,848,935],[$Accumulated other comprehensive income $($loss$),,806,,(4,425)],[$Total shareholders' equity,,$1,832,771,,1,849,447],[$Total liabilities and shareholders' equity,$$,2\mathrm{.}836,571,$$$,2,931,591]]$COLUMBIA SPORTSWEAR COMPANY

CONSOLIDATED STATEMENTS OF OPERATIONS

Year Ended December $31,$

$\backslash$table$[[($in thoutands. excopt per share amounts$),2020,2019,2018],[$Net sales,$$,2,501,554,$$$,3,042,478,$$$,2,802,326],[$Cost of sates,,$1,277,665,,1,526,808,,1,415,978],[$Gross profit,,$1,223,889,,1,515,670,,1,386,348],[$Selling$.$ general and administrative expenses,,$1,098,948,,1,136,186,,1,051,152],[$Net licensing income,,$12,108,,15,487,,15,786],[$Income from operations,,$137,049,,394,971,,350,982],[$Interest income, net,,$435,,8,302,,9,876],[$Other non$-$operating income $($expense$),$ net,,$2,039,,2,156,,(141)],[$Income before income tax,,$139,523,,405,429,,360,717],[$Income tax expense,,$(31,510),,(74,940),,(85,769)$