Electronic Arts 2012 Annual Report Download - page 148

ELECTRONIC ARTS INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions, except par value data) March 31, 2012
March 31,
2011
ASSETS
Current assets:
Cash and cash equivalents .................................................. $1,293 $1,579
Short-term investments .................................................... 437 497
Marketable equity securities ................................................ 119 161
Receivables, net of allowances of $252 and $304, respectively ..................... 366 335
Inventories .............................................................. 59 77
Deferred income taxes, net ................................................. 67 56
Other current assets ....................................................... 268 327
Total current assets ..................................................... 2,609 3,032
Property and equipment, net .................................................. 568 513
Goodwill ................................................................. 1,718 1,110
Acquisition-related intangibles, net ............................................ 369 144
Deferred income taxes, net ................................................... 42 49
Other assets ............................................................... 185 80
TOTAL ASSETS ........................................................ $5,491 $4,928
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ........................................................ $ 215 $ 228
Accrued and other current liabilities .......................................... 857 768
Deferred net revenue (packaged goods and digital content) ........................ 1,048 1,005
Total current liabilities .................................................. 2,120 2,001
0.75% convertible senior notes due 2016, net ..................................... 539 —
Income tax obligations ...................................................... 189 192
Deferred income taxes, net ................................................... 8 37
Other liabilities ............................................................ 177 134
Total liabilities ........................................................ 3,033 2,364
Commitments and contingencies (See Note 12)
Stockholders’ equity:
Preferred stock, $0.01 par value. 10 shares authorized ............................ — —
Common stock, $0.01 par value. 1,000 shares authorized; 320 and 333 shares issued and
outstanding, respectively ................................................. 3 3
Paid-in capital ........................................................... 2,359 2,495
Accumulated deficit ...................................................... (77) (153)
Accumulated other comprehensive income .................................... 173 219
Total stockholders’ equity ................................................ 2,458 2,564
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY .................... $5,491 $4,928
See accompanying Notes to Consolidated Financial Statements.
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