HARSCO CORPORATION 2014 SUMMARY ANNUAL REPORT 11 The complete financial statements for Harsco Corporation as of December 31, 2014 may be found in the Company’s Form 10-K for the year ended December 31, 2014, as filed with the Securities and Exchange Commission on March 2, 2015. (In thousands, except share amounts) December 31, 2014 December 31, 2013 ASSETS Current assets: Cash and cash equivalents $«««÷62,843 $«««÷93,605 Trade accounts receivable, net 325,104 353,181 Other receivables 28,145 46,470 Inventories 177,265 155,689 Assets held-for-sale 1,355 113,968 Other current assets 87,110 75,842 Total current assets 681,822 838,755 Investments 288,505 298,856 Property, plant and equipment, net 663,244 711,346 Goodwill 416,155 431,265 Intangible assets, net 58,524 53,261 Other assets  155,551 108,265 Total assets $2,263,801 $2,441,748 LIABILITIES Current liabilities: Short-term borrowings $÷÷«16,748 $÷÷«÷7,489 Current maturities of long-term debt 25,188 20,257 Accounts payable 146,506 181,410 Accrued compensation 53,780 53,113 Income taxes payable 1,985 7,199 Dividends payable 16,535 16,536 Insurance liabilities 12,415 10,523 Advances on contracts 117,398 24,053 Liabilities of assets held-for-sale – 109,176 Due to unconsolidated affiliate 8,142 24,954 Unit adjustment liability 22,320 22,320 Other current liabilities 144,543 129,739 Total current liabilities 565,560 606,769 Long-term debt 829,709 783,158 Deferred income taxes 6,379 8,217 Insurance liabilities 35,470 41,879 Retirement plan liabilities 350,889 241,049 Due to unconsolidated affiliate 20,169 27,292 Unit adjustment liability 71,442 84,023 Other liabilities 25,849 42,526 Total liabilities 1,905,467 1,834,913 COMMITMENTS AND CONTINGENCIES HARSCO CORPORATION STOCKHOLDERS’ EQUITY Preferred stock, Series A junior participating cumulative preferred stock – – Common stock, par value $1.25 (issued 112,357,348 and 112,198,693 shares at December 31, 2014 and 2013, respectively) 140,444 140,248 Additional paid-in capital 165,666 159,025 Accumulated other comprehensive loss (532,491) (370,615) Retained earnings 1,290,208 1,381,321 Treasury stock, at cost (31,697,498 and 31,519,768 shares at December 31, 2014 and 2013, respectively) (749,815) (746,237) Total Harsco Corporation stockholders’ equity 314,012 563,742 Noncontrolling interests 44,322 43,093 Total equity 358,334 606,835 Total liabilities and equity $2,263,801 $2,441,748 Condensed Consolidated Balance Sheets