Electronic Arts 2013 Annual Report Download - page 145

Annual Report
ELECTRONIC ARTS INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
(In millions, except par value data) March 31, 2013
March 31,
2012
ASSETS
Current assets:
Cash and cash equivalents .................................................. $1,292 $1,293
Short-term investments .................................................... 388 437
Marketable equity securities ................................................ — 119
Receivables, net of allowances of $200 and $252, respectively ..................... 312 366
Inventories .............................................................. 42 59
Deferred income taxes, net ................................................. 52 67
Other current assets ....................................................... 239 268
Total current assets ..................................................... 2,325 2,609
Property and equipment, net .................................................. 548 568
Goodwill ................................................................. 1,721 1,718
Acquisition-related intangibles, net ............................................ 253 369
Deferred income taxes, net ................................................... 53 42
Other assets ............................................................... 170 185
TOTAL ASSETS ........................................................ $5,070 $5,491
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable ........................................................ $ 136 $ 215
Accrued and other current liabilities .......................................... 737 857
Deferred net revenue (online-enabled games) .................................. 1,044 1,048
Total current liabilities .................................................. 1,917 2,120
0.75% convertible senior notes due 2016, net ..................................... 559 539
Income tax obligations ...................................................... 205 189
Deferred income taxes, net ................................................... 1 8
Other liabilities ............................................................ 121 177
Total liabilities ........................................................ 2,803 3,033
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; 302 and 320 shares issued and
outstanding, respectively ................................................. 3 3
Paid-in capital ........................................................... 2,174 2,359
Retained earnings (accumulated deficit) ....................................... 21 (77)
Accumulated other comprehensive income .................................... 69 173
Total stockholders’ equity ................................................ 2,267 2,458
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY .................... $5,070 $5,491
See accompanying Notes to Consolidated Financial Statements.
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