Electronic Arts 1999 Annual Report Download - page 22

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ELECTRONIC ARTS AND SUBSIDIARIES
Consolidated Balance Sheets
(In thousands, except share data)
As of March 31, 1999 1998
ASSETS
Current assets:
Cash, cash equivalents and short-term investments $ 312,822 $ 374,560
Marketable securities 4,884 3,721
Receivables, less allowances of $72,850 and $51,575, respectively 149,468 139,374
Inventories 22,376 19,626
Other current assets 79,915 52,530
Total current assets 569,465 589,811
Property and equipment, net 181,266 105,095
Long-term investments 18,400 24,200
Investment in affiliates 25,864 20,541
Goodwill and other intangibles 90,682 1,585
Other assets 16,196 4,449
$ 901,873 $ 745,681
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 63,881 $ 56,233
Accrued liabilities 172,328 125,480
Total current liabilities 236,209 181,713
Minority interest in consolidated joint venture 2,733 –
Stockholders’ equity:
Preferred stock, $0.01 par value. Authorized 1,000,000 shares – –
Common stock, $0.01 par value. Authorized 104,000,000 shares;
issued 61,291,849 and 60,159,601 shares; outstanding
61,169,286 and 60,159,601 shares, respectively 613 602
Paid-in capital 267,699 234,294
Treasury stock, at cost; 122,563 shares in 1999 (4,926) –
Retained earnings 402,112 330,540
Accumulated other comprehensive loss (2,567) (1,468)
Total stockholders’ equity 662,931 563,968
$ 901,873 $ 745,681
See accompanying notes to consolidated financial statements.