| Balance Sheet for Olympic Steel Inc. (ZEUS) | | | | | | | Assets | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Cash and Equivalents | 7,707 | 5,211 | 9,555 | 4,684 | 3,087 | | Marketable Securities | - | - | - | - | - | | Receivables | 88,414 | 85,883 | 80,131 | 93,336 | 56,501 | | Inventories | 178,530 | 210,738 | 134,236 | 186,124 | 92,775 | | Other Current Assets | - | - | - | - | 637 | | Total Current Assets | 283,388 | 308,215 | 227,655 | 287,307 | 155,794 | | | Gross Fixed Assets | 183,850 | 173,745 | 155,231 | 153,235 | 152,085 | | Accumulated Depreciation | (94,199) | (86,386) | (77,480) | (69,664) | (62,303) | | Net Fixed Assets | 89,651 | 87,359 | 77,751 | 83,571 | 89,782 | | Intangibles | - | - | - | - | - | | Other Non-Current Assets | 6,461 | 3,163 | 200 | 3,268 | 3,426 | | Total Non-Current Assets | 102,695 | 97,105 | 77,951 | 86,839 | 93,208 | | Total Assets | 386,083 | 405,320 | 305,606 | 374,146 | 249,002 | | | Liabilities | in Thousands of Dollars | | | 12/2007 | 12/2006 | 12/2005 | 12/2004 | 12/2003 | | | Accounts Payable | 73,408 | 75,095 | 77,412 | 63,680 | 31,345 | | Short Term Debt | - | - | - | 4,892 | 4,877 | | Other Current Liabilities | - | - | - | 10,338 | - | | Total Current Liabilities | 92,290 | 92,340 | 94,603 | 95,688 | 42,574 | | | Long Term Debt | 16,707 | 68,328 | 2,962 | 91,130 | 92,920 | | Deferred Income Tax | 3,787 | 3,751 | 7,720 | 10,803 | 1,272 | | Other Non-Current Liabilities | 9,779 | 6,664 | - | - | - | | Minority Interest | - | - | - | - | - | | Total Non-Current Liabilities | 30,273 | 78,743 | 10,682 | 101,933 | 94,192 | | Total Liabilities | 122,563 | 171,083 | 105,285 | 197,621 | 136,766 | | | Preferred Stock Equity | - | - | - | - | - | | Common Stock Equity | 263,520 | 234,237 | 200,321 | 176,525 | 112,236 | | Total Equity | 263,520 | 234,237 | 200,321 | 176,525 | 112,236 | | Total Liabilities & Stock Equity | 386,083 | 405,320 | 305,606 | 374,146 | 249,002 | | | |
