CTS CORPORATION
Condensed Consolidated Balance Sheets - Unaudited
 (In thousands of dollars)
 

 

  

June
   27, 2004   
(Unaudited)

  

December   
   31, 2003 *  
 
 

 

        
Cash and equivalents   $48,199   $25,346
Accounts receivable, net   82,549   72,290
Inventories, net   44,471   31,925
Other current assets   36,820   35,205
      Total current assets   212,039   164,766
         
Property, Plant & Equipment, net   116,914   122,481
Other Assets   183,127   195,003
                                   
  Total Assets   $512,080   $482,250
         
         
Accounts payable   $64,352   $52,252
Other accrued liabilities   43,584   43,437
      Total current liabilities   107,936   95,689
         
Long-term debt   85,000   75,880
Other obligations   16,440   16,490
Shareholders' equity   302,704   294,191
           
  Total Liabilities and
Shareholders' Equity		                                
$512,080 $482,250
         

*

 The balance sheet at December 31, 2003 has been derived from the audited
financial statements at that date.