MINERALS TECHNOLOGIES INC. AND SUBSIDIARY COMPANIES  CONSOLIDATED BALANCE SHEETS  (thousands of dollars)  See Notes to Consolidated Financial Statements, which are an integral part of these statements.  F-2  Assets  December 31, 2013  2012  Current assets: Cash and cash equivalents ................................................................................... $  490,267  $  454,092  Short-term investments, at cost which approximates market............................... 15,769  14,178  Accounts receivable, less allowance for doubtful accounts:  2013 - $1,715; 2012 - $3,837 …………………………………………… 204,449  193,328  Inventories ........................................................................................................... 89,169  84,569  Prepaid expenses and other current assets ........................................................... 15,463  18,318  Total current assets…………………………………….......... 815,117  764,485  Property, plant and equipment, less accumulated depreciation and depletion ..... 306,071  317,669  Goodwill .............................................................................................................. 64,432  65,829  Other assets and deferred charges........................................................................ 31,927  63,206  Total assets……………………………………………….......... $  1,217,547  $  1,211,189  Liabilities and Shareholders' Equity  Current liabilities:  Short-term debt...................................................................................................... $  5,504  $  7,111  Current maturities of long-term debt ..................................................................... 8,200  76,977  Accounts payable .................................................................................................. 94,855  98,371  Income taxes payable ...........................................................................................  7,103  8,862  Accrued compensation and related items .............................................................  37,868  33,603  Other current liabilities ......................................................................................... 27,364  25,174  Total current liabilities ................................................................. 180,894  250,098 Long-term debt .......................................................................................................... 75,000  8,478 Accrued pension and postretirement benefits ............................................................. 57,893  108,035 Other non-current liabilities ........................................................................................ 29,352  30,859 Total liabilities .............................................................................. 343,139  397,470 Commitments and contingent liabilities (Notes 15 and 16)  Shareholders' equity:  Preferred stock, without par value; 1,000,000 shares authorized; none issued... -- -- Common stock at par, $0.10 par value; 100,000,000 shares authorized;  Issued 47,555,927 shares in 2013 and 47,002,939 shares in 2012................ 4,756  4,700  Additional paid-in capital .....................................................................................  361,460  345,929  Retained earnings .................................................................................................  1,106,252  1,032,869  Accumulated other comprehensive loss ...............................................................  (31,265 )  (51,198)  Less common stock held in treasury, at cost; 13,205,741 shares in 2013 and 12,053,319 shares in 2012.............................................. (593,665 )  (541,889)  Total MTI shareholders' equity..................................................................................  847,538  790,411  Non- controlling interest …………………………………………………………… 26,870  23,308  Total shareholders’ equity 874,408  813,719  Total liabilities and shareholders' equity ...................................... $  1,217,547  $  1,211,189 