Electronic Arts 2000 Annual Report Download - page 38

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CONSOLIDATED BALANCE SHEETS
36
CONSOLIDATED BALANCE SHEETS
ELECTRONIC ARTS AND SUBSIDIARIES
As of March 31, 2000 1999
(In thousands, except share data)
ASSETS
Current assets:
Cash, cash equivalents and short-term investments $ 339,804 $ 312,822
Marketable securities 236 4,884
Receivables, less allowances of $65,067 and $72,850, respectively 234,087 149,468
Inventories, net 22,986 22,376
Other current assets 108,210 79,915
Total current assets 705,323 569,465
Property and equipment, net 285,466 181,266
Long-term investments 8,400 18,400
Investment in affiliates 22,601 25,864
Goodwill and other intangibles, net 117,236 90,682
Other assets 53,286 16,196
$1,192,312 $ 901,873
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable $ 97,703 $ 63,881
Accrued and other liabilities 167,599 172,328
Total current liabilities 265,302 236,209
Minority interest in consolidated joint venture 3,617 2,733
Stockholders’ equity:
Preferred stock, $0.01 par value. Authorized 10,000,000 shares – –
Common stock
Class A common stock, $0.01 par value. Authorized 400,000,000 shares;
issued 64,434,544 and 61,291,849 shares; outstanding
64,434,544 and 61,169,286 shares, respectively 644 613
Class B common stock, $0.01 par value. Authorized 100,000,000 shares;
issued and outstanding 6,000,000 shares in 2000 60 –
Paid-in capital 412,682 267,699
Treasury stock, at cost; 0 and 122,563 shares in 2000 and 1999, respectively – (4,926)
Retained earnings 516,368 402,112
Accumulated other comprehensive loss (6,361) (2,567)
Total stockholders’ equity 923,393 662,931
$1,192,312 $ 901,873
SEE ACCOMPANYING NOTES TO CONSOLIDATED FINANCIAL STATEMENTS.