Electronic Arts 2011 Annual Report Download - page 135
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Annual Report
ELECTRONIC ARTS INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions, except par value data) March 31,
2011
March 31,
2010
ASSETS
Current assets:
Cash and cash equivalents .................................................. $1,579 $1,273
Short-term investments .................................................... 497 432
Marketable equity securities ................................................ 161 291
Receivables, net of allowances of $304 and $217, respectively ..................... 335 206
Inventories .............................................................. 77 100
Deferred income taxes, net ................................................. 56 44
Other current assets ....................................................... 327 239
Total current assets ..................................................... 3,032 2,585
Property and equipment, net .................................................. 513 537
Goodwill ................................................................. 1,110 1,093
Acquisition-related intangibles, net ............................................ 144 204
Deferred income taxes, net ................................................... 49 52
Other assets ............................................................... 80 175
TOTAL ASSETS ........................................................ $4,928 $4,646
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ........................................................ $ 228 $ 91
Accrued and other current liabilities .......................................... 768 717
Deferred net revenue (packaged goods and digital content) ........................ 1,005 766
Total current liabilities .................................................. 2,001 1,574
Income tax obligations ...................................................... 192 242
Deferred income taxes, net ................................................... 37 2
Other liabilities ............................................................ 134 99
Total liabilities ........................................................ 2,364 1,917
Commitments and contingencies (See Note 11)
Stockholders’ equity:
Preferred stock, $0.01 par value. 10 shares authorized ............................ — —
Common stock, $0.01 par value. 1,000 shares authorized; 333 and 330 shares issued and
outstanding, respectively ................................................. 3 3
Paid-in capital ........................................................... 2,495 2,375
Retained earnings (accumulated deficit) ....................................... (153) 123
Accumulated other comprehensive income .................................... 219 228
Total stockholders’ equity .............................................. 2,564 2,729
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY .................... $4,928 $4,646
See accompanying Notes to Consolidated Financial Statements.
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