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

 

  

July 3,
   2005   

 

December   
   31, 2004 *  

 

 

        
Cash and equivalents   $14,194   $61,005
Accounts receivable, net   89,603   84,112
Inventories, net   58,549   42,734
Other current assets   23,808   16,295
      Total current assets   186,154   204,146
         
Property, plant & equipment, net   112,445   112,495
Other assets   242,300   205,536
           
  Total Assets   $540,899   $522,177
         
         
Notes payable and current portion of long-term debt   $3,302   $3,311
Accounts payable   70,044   55,614
Other accrued liabilities   43,549   44,036
      Total current liabilities   116,895   102,961
         
Long-term debt   85,602   94,150
Other obligations   15,694   14,362
Shareholders' equity   322,708   310,704
           
  Total Liabilities and
Shareholders' Equity		        
$540,899 $522,177
         

*

 The balance sheet at December 31, 2004 has been derived from the audited
financial statements at that date.