Electronic Arts 2009 Annual Report Download - page 144

ELECTRONIC ARTS INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions, except par value data) March 31, 2009
March 31,
2008
ASSETS
Current assets:
Cash and cash equivalents .................................................. $1,621 $1,553
Short-term investments .................................................... 534 734
Marketable equity securities ................................................ 365 729
Receivables, net of allowances of $217 and $238, respectively ..................... 116 306
Inventories .............................................................. 217 168
Deferred income taxes, net ................................................. 51 145
Other current assets ....................................................... 216 290
Total current assets ..................................................... 3,120 3,925
Property and equipment, net .................................................. 354 396
Goodwill ................................................................. 807 1,152
Other intangibles, net ....................................................... 221 265
Deferred income taxes, net ................................................... 61 164
Other assets ............................................................... 115 157
TOTAL ASSETS ........................................................ $4,678 $6,059
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ........................................................ $ 152 $ 182
Accrued and other current liabilities .......................................... 723 730
Deferred net revenue (packaged goods and digital content) ........................ 261 387
Total current liabilities .................................................. 1,136 1,299
Income tax obligations ...................................................... 268 319
Deferred income taxes, net ................................................... 42 5
Other liabilities ............................................................ 98 97
Total liabilities ........................................................ 1,544 1,720
Commitments and contingencies (See Note 10)
Stockholders’ equity:
Preferred stock, $0.01 par value. 10 shares authorized ............................ — —
Common stock, $0.01 par value. 1,000 shares authorized; 323 and 318 shares issued and
outstanding, respectively ................................................. 3 3
Paid-in capital ........................................................... 2,142 1,864
Retained earnings ........................................................ 800 1,888
Accumulated other comprehensive income .................................... 189 584
Total stockholders’ equity ................................................ 3,134 4,339
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY .................... $4,678 $6,059
See accompanying Notes to Consolidated Financial Statements.
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