Electronic Arts 2007 Annual Report Download - page 137

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ELECTRONIC ARTS INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions, except par value data)
March 31,
2007
March 31,
2006
ASSETS
Current assets:
Cash and cash equivalents . . ............................................ $1,371 $1,242
Short-term investments ................................................. 1,264 1,030
Marketable equity securities . ............................................ 341 160
Receivables, net of allowances of $214 and $232, respectively .................... 256 199
Inventories . . ....................................................... 62 61
Deferred income taxes, net . . ............................................ 84 86
Other current assets . .................................................. 219 234
Total current assets .................................................. 3,597 3,012
Property and equipment, net . . . ............................................ 484 392
Investments in affiliates .................................................. 6 11
Goodwill ............................................................ 734 647
Other intangibles, net. . .................................................. 210 232
Deferred income taxes, net ................................................ 25 —
Other assets . . . ....................................................... 90 92
TOTAL ASSETS .................................................... $5,146 $4,386
LIABILITIES, MINORITY INTEREST AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable. . . .................................................. $ 180 $ 163
Accrued and other current liabilities ....................................... 823 697
Deferred net revenue — packaged goods and digital content ...................... 23 9
Total current liabilities . . . ............................................ 1,026 869
Deferred income taxes, net ................................................ 8 29
Other liabilities . ....................................................... 80 68
Total liabilities . . . .................................................. 1,114 966
Commitments and contingencies (See Note 9)
Minority interest ....................................................... — 12
Stockholders’ equity:
Preferred stock, $0.01 par value. 10 shares authorized . . . ....................... — —
Common stock, $0.01 par value. 1,000 shares authorized; 311 and 305 shares issued and
outstanding, respectively .............................................. 3 3
Paid-in capital ....................................................... 1,412 1,081
Retained earnings . . .................................................. 2,323 2,241
Accumulated other comprehensive income . .................................. 294 83
Total stockholders’ equity . .......................................... 4,032 3,408
TOTAL LIABILITIES, MINORITY INTEREST AND STOCKHOLDERS’
EQUITY ......................................................... $5,146 $4,386
See accompanying Notes to Consolidated Financial Statements.
Annual Report
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